Gold reaches 523 dirhams for 24-carat in the UAE
By the AFREEQUE newsroom, based on Youm7
Gold prices in the United Arab Emirates rose to 523 dirhams for 24-carat gold, following an increase in the ounce price on global markets. The dollar’s decline after a US Federal Reserve decision shifted investors’ attention to monetary policy, according to Al-Youm al-Sabea.
The price of a gram of 24-carat gold reached about 523 dirhams in the United Arab Emirates on Friday, 18 September 2026. The 22-carat price stood at 484.25 dirhams, 21-carat at 457.60 dirhams and 18-carat at 396.20 dirhams, according to prices published in the UAE.
Local prices have risen alongside the price of an ounce of gold on global markets, while the dollar fell after a US Federal Reserve decision on monetary policy. The decline has increased the precious metal’s appeal to buyers holding other currencies.
Markets are also monitoring the yield on US Treasury bonds, which affects the cost of holding gold. Persistent geopolitical risks and high oil prices are also supporting demand for the precious metal.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
