Monday, 19 October 2026 — Dubai gold opened the week higher.
The key news: Spot gold is near $4,176 an ounce, up about 0.3%. Traders cut the chance of a US rate hike on 28 October to about 15%, from about 30% last week. The dollar fell to a two-week low and Treasury yields eased. A December hike is still priced at above 90%.
Today’s Dubai rates: 24K Dh504.25 · 22K Dh467.00 · 21K Dh447.75 · 18K Dh383.75 a gram.
What it means for wholesale buyers: The October risk looks smaller, but the December risk has not gone away. Gold may stay in a range until the Fed speaks on 28 October.
Example: A 1 kg 22K order costs Dh467,000 in metal today, Dh3,250 more than on Friday. A 500 g 21K order costs Dh223,875.
Advice for partners: Cover two to three weeks of stock now. Keep the rest of your budget for after 28 October, when the Fed’s message is clear.
The honest caution: Market odds change fast. A firm Fed message could push gold lower; a softer one could lift it. Buy only what your sales plan needs.
Assel Gold — Dubai craftsmanship, wholesale trust.
