Assel Gold presents its wholesale brief for Monday, 12 October 2026.
The key news: Spot gold is near $4,198 an ounce, its highest level since 2 October. A softer dollar and cheaper oil are helping. The big event this week is US inflation data on Wednesday 14 October, with about 3.7% expected. A hot number could revive talk of another Fed hike; a soft number could push gold higher.
Today’s Dubai rates: 24K Dh505.50 · 22K Dh468.00 · 21K Dh448.75 · 18K Dh384.75.
What it means for wholesale buyers: Prices have already moved since last Thursday. 24K is Dh7.75 a gram higher than on 8 October.
Example: A 1 kg 24K order costs Dh505,500 in metal today, about Dh7,750 more than on 8 October. A 1 kg 22K order costs Dh468,000.
Advice for partners: Do not place your whole Q4 order before Wednesday. Cover urgent 21K and 22K needs now, and keep the rest for after the CPI data and the 27–28 October Fed meeting.
The honest caution: Gold can move 1–2% in an hour on inflation day, in either direction. No one can promise which way.
Assel Gold — Dubai craftsmanship, wholesale trust.
