Why is gold price rising in UAE in 2026?
Gold prices in UAE have risen over 12% year-to-date in 2026, reaching AED 305 per gram for 24K gold. The AED's fixed peg to the US Dollar at 3.6725 means UAE gold prices closely mirror international spot gold, which has surged past $3,000/oz driven by a weaker dollar index, persistent geopolitical tensions in West Asia, and aggressive central bank gold buying globally.
Key factors influencing today's gold price in UAE
The US Federal Reserve's increasingly dovish signals, global de-dollarisation trends, and record central bank purchases — led by China, India, and Turkey — are the primary demand drivers. On the supply side, global mine output growth has plateaued, adding further upward pressure to prices.
Gold price forecast UAE — 2026
International investment banks have revised their 12-month gold targets upward, with consensus estimates in the $3,100–$3,400/oz range. At the fixed AED/USD rate of 3.6725, this translates to AED 308–338 per gram of 24K gold in the UAE. Investors holding gold over the next 12 months have historically outperformed fixed deposits in the UAE context.