Dubai gold jumps after dip, buyers rush back as prices swing

Dubai gold prices moved higher on Friday morning, reversing part of the previous day’s decline and drawing renewed attention from buyers tracking short-term swings.At 9:22 am, 24-karat gold was priced at Dh535.50 per gram, up from Dh529.25 on Thursday. The 22-karat variant rose to Dh495.75 from Dh490, reflecting a steady recovery after a brief pullback.

The broader trend over the past month shows a market that has moved sharply lower from early March highs, followed by uneven attempts to stabilise. Gold began the month at elevated levels, with 24-karat prices above Dh640 per gram, before entering a sustained correction phase. Prices slipped through mid-March, falling steadily from above Dh600 to the high Dh500 range within days.