On Friday night, the price of gold surged in Dubai, with 22K gold surpassing Dh500 per gram. The price of 22K gold increased to Dh500.25 per gram, while the price of 24K gold reached Dh540.25 per gram, according to figures from the Dubai Jewellery Group. In a similar vein, per gram, 21K, 18K, and 14K increased by Dh479.75, Dh411.25, and Dh320.75, respectively. Due to the US payroll miss, worldwide uncertainty, and geopolitical concerns, spot gold surpassed $4,500 per ounce on Friday night, trading at $4,510.35 per ounce, up 1.3% at 7.30 pm UAE time.
In December 2025, US nonfarm payrolls increased by 50,000, falling short of the 60,000 gain anticipated. Gold is expected to gain weekly, according to Vijay Valecha, chief investment officer at Century Financial.
Over the past five weeks, this would be its fourth weekly increase. Gold maintained its position this week in spite of a rising dollar. This is because of the desire for safe havens brought on by geopolitical tensions between the US and Venezuela, as well as uncertainty surrounding trade relations between China and Japan,” he stated.
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