The "City of Gold" has officially entered uncharted territory. On Wednesday, January 28, 2026, Dubai gold prices shattered all previous records, with 24-karat gold soaring to a staggering Dh632 per gram. This historic peak follows a relentless rally that has seen the precious metal gain more than Dh111 per gram since the beginning of the month.
To put this explosive growth into perspective, gold was trading at just Dh520 on New Year's Day; in less than 30 days, the market has witnessed a near 20% increase, marking one of the steepest and fastest price climbs in the history of the UAE retail market.
