On Friday, 23 October 2026, Dubai gold opened lower again. The 22K rate is AED 446.50 per gram and 24K is AED 482.25, both down about 0.7% from Thursday.
The key news: spot gold is near $4,016 an ounce and heading for a weekly loss of about 3.5%, the steepest in more than four months. Higher oil prices after attacks on Saudi Arabia have revived US inflation fears, and traders now see the Fed holding rates high for longer.
What it means for Asselgold.com trade partners: replacement cost for 22K stock is lower than at the start of the week. For retailers who paused orders when gold was above $4,100, this is a cheaper restocking window.
Example: a 10-gram 22K chain carries a metal value of about AED 4,465 today (10 × 446.50), before making charges. At the start of the week, the same metal cost roughly AED 160 more.
Advice for partners: restock fast-moving 22K chains and bangles in measured lots rather than one large order. Split purchases across the coming days, especially around the Fed decision on 28 October.
The honest caution: weekly falls can reverse quickly. If oil eases or US data weakens, gold can rebound. If $4,000 breaks, it can fall further. Nobody can call the bottom.
Asselgold.com — Dubai wholesale jewellery, priced at today’s rate.
