Gold Rate in UAE Today Falls to AED 486.75 as US PCE Puts $4,000 Support in Focus

The gold rate in UAE today declined on October 29, 2026, as international bullion fell below $4,050 an ounce following the Federal Reserve’s decision to leave interest rates unchanged.

The UAE benchmark for 24K gold dropped to AED 486.75 per gram from AED 488, while 22K gold declined to AED 450.75. Markets are now awaiting the US Personal Consumption Expenditures inflation report, which could determine whether spot gold holds above the psychologically important $4,000 level.

Key Takeaways

• The UAE 24K gold rate fell AED 1.25 to AED 486.75 per gram.
• Spot gold dropped approximately 0.7% to around $4,038 after the Federal Reserve held rates at 3.75%–4.00%.
• Core PCE inflation is expected to rise to 3.1%, potentially strengthening the case for a December Fed rate hike.
• A hotter inflation report could push gold toward $4,000, while softer data may support a recovery above $4,050.

Gold Rate in UAE Today

The following benchmark prices are quoted in UAE dirhams per gram and were provided by the Dubai Gold and Jewellery Group.

The current rates replace the earlier AED 488 morning indication. Gulf News’ latest update shows 24K gold at AED 486.75 and 22K gold at AED 450.75.

At the published benchmark, 10 grams of gold would cost approximately:

• 24K gold: AED 4,867.50
• 22K gold: AED 4,507.50
• 21K gold: AED 4,322.50
• 18K gold: AED 3,705

These figures represent the underlying gold value. Jewellery buyers may also pay making charges, design premiums and applicable taxes.

Why Is the UAE Gold Rate Lower Today?

Local gold prices declined after spot bullion fell 0.7% to approximately $4,038 an ounce. US December gold futures traded closer to $4,050.

The Federal Reserve held its benchmark rate at 3.75%–4.00%, as expected, but the decision did not produce a sustained rally in gold.

Two policymakers voted for an immediate 25-basis-point increase, while the Fed described economic activity as expanding at a strong pace and said inflation remained elevated.

The split vote reinforced expectations that the October pause may be temporary. Higher interest rates and Treasury yields increase the opportunity cost of holding gold because bullion does not generate interest income.

A firmer US dollar added to the pressure by making dollar-priced gold more expensive for buyers using other currencies.

US PCE Inflation Becomes the Next Gold Catalyst

The US Bureau of Economic Analysis will release September PCE inflation at 8:30 a.m. Eastern Time, or 4:30 p.m. UAE time.

Headline PCE inflation is expected to increase by 0.5% month over month, compared with 0.3% in August. The annual rate is forecast to rise from 3.4% to approximately 3.6%–3.7%.

Core PCE, which excludes food and energy, is expected to increase 0.3% monthly and 3.1% annually. The previous annual reading was 3%.

A stronger-than-expected report would support the case for a December Fed rate hike. That could lift Treasury yields and the dollar, creating additional pressure on gold.

A softer core reading would reduce rate-hike expectations and could allow bullion to recover above $4,050.

Can Gold Hold Above $4,000?

The $4,000 level is now the most important short-term support for XAU/USD.

Gold’s immediate technical levels include:

If core PCE exceeds 3.1%, gold could test $4,030 before moving toward $4,000. A sustained break below $4,000 may push UAE 24K gold back toward the AED 480–483 region.

If inflation is softer than expected, bullion could recover above $4,050 and challenge $4,080. A move toward $4,100 could return the UAE 24K rate to approximately AED 491–494, depending on the intraday market conversion.

UAE Gold Remains Below Its October High

Despite remaining expensive by historical standards, UAE gold is trading below its October peak.

The 24K rate reached AED 505.50 per gram on October 10 and 11. At AED 486.75, the current rate is AED 18.75 lower, representing a decline of approximately 3.7%.

Over the latest 30-day period, 24K gold has fallen from AED 499.75 on September 30 to AED 486.75. The 22K rate has declined from AED 462.75 to AED 450.75.

The correction provides some relief for jewellery buyers, but short-term volatility remains high. International gold experienced a wide trading range around the Fed announcement before reversing lower during Asian trading.

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What Should UAE Gold Buyers Watch?

UAE buyers should monitor the international spot price rather than relying only on the morning retail benchmark, as local rates can change several times during the day.

The main near-term catalysts are:

• US headline and core PCE inflation
• Third-quarter US GDP growth
• Changes in December Fed rate-hike expectations
• The 10-year Treasury yield around 5%
• The US dollar
• Middle East geopolitical developments
• Central-bank and Chinese gold demand

A hot PCE report could produce another reduction in UAE gold prices, but buyers should also compare making charges between retailers. A lower metal price can be offset by a high jewellery premium.

The immediate outlook for the gold rate in UAE today depends on whether international bullion can defend $4,000. Until the US inflation figures are released, gold is likely to remain volatile between approximately $4,000 and $4,080.