Gold prices opened the week stable in Dubai, signaling a cautious recovery after last week’s global market turbulence. The calm start reflects investor patience following a sell-off that trimmed bullion’s impressive rally and caused sharp price swings worldwide.
On Monday, 24-karat gold traded at Dh512.25 per gram, while 22-karat gold stood at Dh474.25. In India, 24-karat gold was ₹13,085 per gram, showing limited movement despite ongoing volatility. Analysts say this stability suggests markets are finding balance after a period of intense pressure.
Last week’s 1.7 percent fall marked the steepest daily drop since May. Silver also slumped over 4 percent before regaining slight momentum. Experts believe the recent pullback may represent a temporary pause rather than a lasting decline.
Traders are now watching developments between the United States and China, as progress in trade talks could influence gold demand. Any sign of improved relations may reduce the appeal of safe-haven assets. However, continuing concerns over U.S. regional banks, including Zions Bancorp and Western Alliance, still weigh on investor sentiment.
Gold remains one of 2025’s top-performing assets, rising more than 60 percent since January. The surge reflects heavy central-bank purchases, strong inflows into investment funds, and heightened geopolitical risks. Silver’s 80 percent gain further highlights the strength of the broader precious metals rally.
Analysts note that technical indicators show the rally may be overheating, with limited room for immediate upside. Still, Dubai’s strong trading infrastructure continues to reinforce its position as a global hub for bullion.
The steady performance offers reassurance to investors navigating uncertain economic conditions. Market participants believe strategic moves by policymakers and traders will determine whether prices strengthen or retreat in the weeks ahead.
The stability of gold prices underscores investor confidence and highlights Dubai’s growing influence in the international precious metals market.
