Dubai gold prices opened the week with strong gains across local markets. Traders reported higher rates in early dealings on Monday morning. Buyers and investors closely tracked the upward movement. The rally reflected positive global cues and currency shifts.
Dubai gold prices climbed by Dh6.5 per gram at the start of trading. This increase pushed 24K gold to Dh621.75 per gram at 9 am UAE time. Data released by the Dubai Jewellery Group confirmed the rise. The jump marked a clear improvement from last week’s closing level. Retailers saw renewed interest from customers following the advance.
Other gold categories also posted gains in Dubai’s bullion market. 22K gold traded at Dh575.75 per gram during early hours. Meanwhile, 21K gold reached Dh552.0 per gram in morning trade. In addition, 18K gold stood at Dh473.0 per gram. Furthermore, 14K gold climbed to Dh369.0 per gram. The broad rise signaled steady demand across different purity levels.
International markets supported the local rally. Spot gold traded at $5,155.56 per ounce, marking nearly a one percent increase. The decline in the US dollar encouraged investors to move toward safe-haven assets. As a result, bullion prices strengthened globally.
Markets also reacted to a significant ruling by the US Supreme Court. The court ruled that tariff measures introduced under former President Donald Trump exceeded legal authority. Judges clarified that existing law does not authorize such broad tariff actions. This decision boosted confidence in global trade stability.
Consequently, commodity markets recorded fresh gains at the start of the week. Investors viewed the ruling as supportive of economic growth. Although geopolitical tensions limited larger swings, sentiment remained positive overall.
Silver prices followed gold’s upward trend. Spot silver climbed 3.1 percent to $87.23 per ounce. The metal reached its highest level in more than two weeks. Stronger commodity sentiment and currency weakness supported the rally.
Overall, Dubai gold prices reflected both international developments and local demand. Market participants now watch upcoming economic signals for further direction. Analysts expect continued volatility as traders respond to global policy updates.
