{
  "id": 10657739,
  "title": "Dubai gold buyers see some of the lowest rates in more than seven weeks",
  "url": "https://urgent.news/2026/09/29/dubai-gold-buyers-see-some-of-the-lowest-rates-in-more-than-seven",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T08:58:40.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/retail/dubai-gold-buyers-see-some-of-the-lowest-rates-in-more-than-seven-weeks-1.500691884"
  },
  "original_language": "en",
  "account": "Dubai's gold buyers are currently enjoying some of the lowest rates in over seven weeks, with Dubai's 24-karat gold price falling below Dh500 per gram on Tuesday. At 12:45 PM, 24-karat gold was priced at Dh497.25 per gram, a decrease of Dh8.25 from Monday morning's opening of Dh505.50. Meanwhile, 22-karat gold saw a decline of Dh7.50 from its Monday morning price of Dh468. This means that buyers are saving Dh66 on eight grams of 24-karat gold compared to Monday morning prices, excluding additional costs. Over the course of the past month, Dubai's 24-karat rate has dropped from Dh542 per gram on September 3 to Dh497.25, representing an 8.3% decline. Similarly, the 22-karat rate has fallen from Dh502 to Dh460.50, a difference of Dh41.50 per gram. When compared to the beginning of September, when 24-karat gold was at Dh522, the price is now Dh24.75 lower per gram. The recent decline in Dubai gold prices can be attributed to expectations of a potential interest rate hike by the US Federal Reserve in October, coupled with rising US Treasury yields. These factors are making yield-bearing assets more attractive to investors, thereby weighing on gold's price as it does not generate interest.",
  "summary": "Dubai: Gold prices in Dubai remained under pressure on Tuesday, taking 24-karat gold below the Dh500 mark and giving buyers another window at lower prices after the steep declines seen in recent days. At 12.45 pm on Tuesday, September 29, 24-karat gold was priced at Dh497.25 per gram, while 22-karat stood at Dh460.50. Compared with…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}