Now Reading: Gold hits 90-day high in Dubai, rises Rs 16,397 in India
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Gold hits 90-day high in Dubai, rises Rs 16,397 in India
Gold prices surged to a 90-day high in Dubai over the weekend, with 24K crossing Dh554 per gram, driven by a weaker dollar and lower US Treasury yields, Khaleej Times reports. Spot…
Gold prices surged to a 90-day high in Dubai over the weekend, with 24K crossing Dh554 per gram, driven by a weaker dollar and lower US Treasury yields, Khaleej Times reports. Spot gold closed at $4,603 per ounce. Analysts say the rally is supported by US policy uncertainty and safe-haven demand amid Middle East tensions, but warn that falling jewellery demand and trade policy pauses could cap gains.
In India, gold rose 0.4 percent on MCX on August 24, 2026, opening at Rs 1.62 lakh per 10 grams, Times Now reports. The 24K rate stood at Rs 16,397 per gram in most cities, with Delhi at Rs 16,412. Across 80 cities listed, prices ranged from Rs 16,308 in Madurai to Rs 16,412 in Delhi. The global focus is on US inflation data and a speech by Fed Chair Kevin Warsh.
Indian Opinion Analysis
Khaleej Times frames the story through the lens of traders and analysts, speculating on whether gold will hit Dh600 again and weighing bullish factors (dollar weakness, Fed policy, ETF inflows) against bearish ones (Middle East uncertainty, falling jewellery demand). Times Now reports a straightforward price table with no market context or forecast. The neutral middle ground is that gold has risen on technicals and a weak dollar, but the two narratives, speculation on a Dh600 return versus a simple rate listing, show how the same fact can be presented as a trading opportunity or a consumer price update. Watch central bank signals this week and Middle East tensions for the next move.
Coverage: 2 sources, 2 neutral
Sources (2): khaleejtimes.com (neutral report), timesnownews.com (neutral report)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
