Gold prices in Dubai have surged to unprecedented levels, capturing the attention of investors and buyers alike. On January 28, 2026, 24-carat gold in Dubai was trading around Dh632 per gram, marking a historic peak that surpasses previous record levels. This steep rise reflects broader global bullion market strength, with precious metals rallying amid uncertain economic conditions.
Known traditionally as the “City of Gold,” Dubai’s retail gold rates serve as a key barometer for gold demand in the Middle East. The surge this month has seen gold prices climb by over Dh110 per gram since early January, making January 2026 one of the strongest monthly gains in recent memory.
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Today’s Gold Prices in Dubai
According to live price updates from January 28, 2026, gold and silver prices continued their upward momentum in the UAE markets. Investors and buyers closely watched the following approximate gold rates in Dubai:
• 24K Gold per gram: Around ₹15,530 (converted from about Dh617-Dh632 during Asian market trading)
• 22K Gold per gram: Around ₹14,240
• 21K Gold per gram: Around ₹13,600
• Silver per gram: AED 14.25 (approx.)
These live rates highlight how Dubai’s gold market reacts quickly to global price movements and investor sentiment, especially during periods of strong demand.
Record Monthly Gains and Price Trends
The surge in Dubai gold prices this month has been remarkable. At the start of January 2026, 24K gold was trading just above Dh520 per gram. By mid-January, it had moved past Dh550, and in the final week of the month, it broke the Dh600 barrier before reaching historic highs above Dh630.
This month-on-month gain of more than Dh111 per gram underscores the strong bullish trend in the gold market. Similarly, 22K gold also saw significant increases, rising by more than Dh100 per gram during the same period.
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What Is Driving the Gold Price Surge?
Several factors are fueling the rise in Dubai gold prices:
Global Bullion Rally: International gold prices have climbed sharply, with spot gold reaching all-time highs above $5,200 per ounce. This global momentum has lifted local prices in Dubai as markets track international trends.
Currency Movements: A weakening U.S. dollar often supports higher gold prices. When the dollar weakens, gold becomes more attractive to buyers holding other currencies, adding upward pressure on prices.
Safe-Haven Investment Demand: With ongoing geopolitical tensions and economic uncertainties, investors are turning to gold as a safe-haven asset. This increased demand has pushed prices higher across the world, including in the UAE markets.
How Dubai’s Gold Market Compares Globally
Dubai’s gold market is closely linked to international bullion prices. When gold prices rise globally, local retail rates often reflect these changes after accounting for making charges and local premiums. Live data suggests that gold in Dubai may trade around AED 620-630 per gram, influenced by both global bullion trends and local demand patterns.
Dubai’s location as a major global trading hub means local buyers and visitors benefit from transparent, competitive pricing. The emirate remains a key destination for gold purchases due to its relatively lower premiums compared with many other markets.
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Investor and Buyer Insights
For investors, the current environment underscores why gold continues to be considered a reliable hedge against volatility. Historically, gold retains value during market stress, making it a popular choice for portfolio diversification. Even short-term price swings, such as the recent surge, can attract traders anticipating further gains.
For everyday buyers, including tourists and residents, understanding live price movements helps determine the right time to buy jewellery or bullion. Because gold prices can fluctuate daily based on global cues, many buyers in Dubai monitor both international gold indices and local market data closely before making purchases.
Tips for Buying Gold in Dubai
Check Live Prices Daily: Because gold markets are dynamic, daily price checks can help buyers spot favorable rates.
Understand Karat Levels: 24K gold is pure gold, while 22K and 18K contain other metals that influence price. Buyers should choose carat levels based on preference and use (jewellery versus investment).
Compare Local Retail Charges: Retail pricing includes making charges and premiums that differ among shops. Comparing rates can yield better deals.
Outlook for the Next Few Months
Market watchers believe that if global economic uncertainties persist, gold prices may remain elevated or continue their upward trend. However, gold markets are also sensitive to interest rate changes, currency movements, and economic data releases from major economies. Future price direction will likely depend on these broader macroeconomic indicators.
In summary, Dubai’s gold price today reflects a powerful combination of global demand, investor sentiment, and regional market dynamics. With 24K gold breaking records and 22K gold also trending higher, buyers and investors alike are paying close attention to the evolving bullion landscape in the UAE.
If you are considering buying gold in Dubai or using it as part of your investment strategy, staying informed with the latest price updates and global market trends will be key to making smart decisions in this historic bullion rally.