Gold opened this Friday on a softer note. Gold prices in UAE continue to drift as global markets navigate a cautious week, with the metal staying well below its January record highs. For buyers, investors, and residents monitoring the Dubai Gold Souk, here is where things stand today.
Gold Prices in UAE: Today’s Rates in AED
As of June 4, 2026, 24-karat gold in Dubai stood at AED 536 per gram, 22-karat gold at AED 496.25 per gram, and 18-karat gold at AED 408 per gram. As of June 5, the live gold prices in UAE is AED 531.85 per gram for 24-karat gold, down AED 8.03 or 1.49 percent from seven days prior.
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The daily movement is modest, but the directional trend across the week has been consistently downward. Gold prices in UAE are tracking global spot closely, as they do under the UAE’s dollar-pegged dirham system.
Where Global Prices Stand
On the international market, gold spot price per ounce as of June 5 stands at USD 4,446.48. Gold traded around USD 4,450 an ounce on Thursday and was down almost 2 percent for the week, weighed down by growing expectations that central banks may need to raise interest rates to counter an energy-driven inflation shock.
The metal briefly climbed above USD 4,500 mid-week on ceasefire optimism before pulling back. It closed the Thursday session unable to hold that level.
Gold Prices in UAE: How Far Has It Fallen?
The distance between today’s gold prices in UAE and the January record is significant.AED 615.50 is the highest gold price in UAE in the last 6 months per gram of 22k gold on 29th January, 2026.
The highest-ever price for 24 karat gold was AED 582.50 per gram on 08 April, in the last 60 days. The cheapest price in the same time frame was AED 526.75, which occurred on May 28, 2026. Current prices are just above that May bottom, indicating the market is trying to make a stand to move sideways without taking a clear direction.
Over the five-year period, the world price range of gold has varied between USD 3,247.86 and 5,595.46 per ounce. The price of the metal is in the lower half of that range at USD 4,446.
What Is the Market Watching?
Consultancy Metals Focus anticipates gold will continue its bull run in the second half of the year, though they believe the global demand will decline 2 percent in 2026, due to double-digit reductions in jewellery and central bank demand.
The 24-karat gold price in UAE currently stands at AED 531 to 538 per gram, which is a substantial drop from prices four months ago. It will be determined in the coming weeks by a series of international signals in which the market is still trying to process the discount, but it could either widen or narrow.
The Dubai gold and jewellery group provides daily updates on gold prices in UAE. It is recommended that residents buying jewellery or bullion make sure they check live rates prior to making a purchase, since the AED per gram figure can change by a number of dirhams in a single day.
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