UAE Gold Prices Dip on July 28, 2026, Tracking Global Decline Ahead of Fed Decision
Gold prices across all purities in the United Arab Emirates experienced a modest decline during trading on Tuesday, July 28, 2026, compared to the previous day's levels, tracking the broader downward trend seen in global bullion markets.
Globally, spot gold came under pressure from a strengthening US dollar, as financial markets adopt a cautious stance while awaiting the Federal Reserve's upcoming monetary policy decision for further guidance on the interest rate trajectory.
UAE Local Market Rates
According to the latest tracking data from gold-price, local retail rates in the UAE across various karats were recorded as follows:
24-Karat Gold: Recorded AED 477.2 ($130.0) per gram.
22-Karat Gold: Quoted at AED 437.4 ($119.2) per gram.
21-Karat Gold: Stood at AED 417.5 ($113.8) per gram.
18-Karat Gold: Traded at AED 357.9 ($97.5) per gram.
Gold Ounce: Reached AED 14,842.1 ($4,044.2).