Gold price in United Arab Emirates: Rates on April 18

Finance

Gold price in United Arab Emirates: Rates on April 18

Gold prices remained broadly unchanged in United Arab Emirates on Friday, according to data compiled by FXStreet.

The price for Gold stood at 392.93 United Arab Emirates Dirhams (AED) per gram, broadly stable compared with the AED 392.93 it cost on Thursday.

The price for Gold was broadly steady at AED 4,583.10 per tola from AED 4,583.10 per tola a day earlier.

Daily digest market movers: Gold price falls as US yields rise

• The US 10-year Treasury yield rises five basis points to 4.333%. US real yields followed suit, climbing five bps to 2.163%, as shown by the US 10-year Treasury Inflation-Protected Securities yields failing to cap Gold prices.
• US Initial Jobless Claims for the week ending April 12 came in at 215K, down from 224K and below the 225K forecast—highlighting continued strength in the labor market.
• Building Permits rose 1.6% to 1.482 million, exceeding the 1.45 million estimates. In contrast, Housing Starts dropped sharply from 1.494 million to 1.324 million, indicating softness in residential construction.
• In rates markets, money market traders have priced in 86 basis points of Fed rate cuts by the end of 2025, with the first cut expected in July.

FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.