Dubai Gold Prices Soar: 24K Gold Hits Record Dh632 Per Gram, Up Dh111 in a Month

• 24-carat gold in Dubai reached an all-time high of Dh632 per gram on January 28, 2026.
• Gold prices in Dubai have surged by Dh111 (approximately 20%) in just one month, from Dh520 at the start of January 2026.
• This rapid increase is attributed to global geopolitical tensions, a weaker US dollar, central bank gold purchases, and safe-haven demand.
• The global market has seen gold surpass $5,100 per ounce, marking its highest level in decades.
• The surge impacts buyers, traders, and jewelers, with fewer customers due to high prices, but benefits existing gold owners.

Why It Matters: Dubai gold prices hit a record high, increasing by Dh111 in a month due to global economic factors.