Gold prices are on a strong upward trend globally and in the UAE, with market watchers closely monitoring the progress as US futures climbed above $3,800 per ounce for the first time.
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Gold prices are on a strong upward trend globally and in the UAE, with market watchers closely monitoring the progress as US futures climbed above $3,800 per ounce for the first time.
UAE gold prices September 2025 are on a strong upward trend globally and in the UAE, with market watchers closely monitoring the progress as US futures climbed above $3,800 per ounce for the first time. This year has seen gold prices increase nearly 45%, putting this precious metal on track for its best month since 2020.
In the UAE, gold prices have jumped nearly 10% this month alone. On Tuesday evening, 22-karat gold was trading at Dh422.50 per gram, and 24-karat gold reached Dh456.25 per gram, both hitting fresh highs with an increase of Dh8 from the previous day. This surge has made gold less affordable for many buyers while signaling strong demand and investor confidence.
The gold price rally is driven by several global economic factors. China’s central bank’s move to become a custodian of sovereign gold reserves by inviting friendly nations to store bullion locally is bolstering the market. Investors are also flocking to gold as a safe haven amid economic uncertainty, potential US interest rate cuts, and ongoing geopolitical tensions.
Ahmad Assiri, a research strategist at Pepperstone, described gold as “the market’s anchor,” noting its continued appeal as a protective asset against inflation and market volatility.
Traders are closely watching US Federal Reserve signals and upcoming economic data that could influence gold’s direction. With momentum strong, gold appears poised to test new all-time highs, potentially surpassing the $3,800 per ounce mark soon.
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