Assel Gold presents its wholesale brief for Thursday, October 8, 2026.
What the Fed said: Minutes from the September meeting show all 19 officials supported the rate hike, and most expect another hike by year end. Markets now expect a pause on October 28 and a hike on December 9. Gold fell about 1% after the minutes.
Today’s Dubai rates: 24K Dh497.75 · 22K Dh460.75 · 21K Dh442.00 · 18K Dh378.75.
Example, one month of savings: On September 8, 22K was Dh495.00 per gram. Today it’s Dh460.75. A 1 kg wholesale order of 22K costs about Dh34,250 less in metal than a month ago.
A wholesale plan for the next 9 weeks:
- Before October 28: Buy core 21K and 22K stock for November–December demand.
- Before December 9: Keep part of your budget free. A hike could push prices lower, and that would be your second entry point.
The honest caution: War risk in Hormuz can lift gold suddenly, even with the Fed hawkish. Split purchases.
Assel Gold — Dubai craftsmanship, wholesale trust.
