Dubai Gold Rate Today: 24, 22, 18K Gold Price At One-Week Low; Check Latest Rates On July 9

Dubai Gold Rate Today: The price of gold in Dubai remained at its one-week low mark on Wednesday, July 9. Since the beginning of the week, the price of the yellow metal has witnessed a sharp decline amid renewed tensions related to trade tariffs and global uncertainty. Dubai's gold rate dipped to its one-week low today.

The decline in gold rate in Dubai aligns with a wider decline in the international gold price on Wednesday, as United States President Donald Trump's July 9 tariff deadline has been extended to 1 August.

Dubai Gold Rate Today

The price of 24-karat gold in Dubai stood at Rs 93,358 per 10 gram, whereas the price of 22-karat gold in Dubai remained at Rs 86,464 per 10 gram. Likewise, the price of 18 karat gold in Dubai remained at Rs 70,737 per 10 grams on Wednesday. While gold rates remained stagnant on Wednesday, they declined significantly on Tuesday.

International Gold Rate Today

The international gold rate today declined on Wednesday to fall below $3,300 per ounce. The gold price extended a more than 1% loss in the previous session, as a tempered Federal Reserve dovish outlook offset concerns over renewed trade tensions, according to Trading Economics.

Further, United States President Donald Trump announced a whopping 50% tariff on copper imports and warned of a potential 200% duty on pharmaceuticals in the coming year. Donald Trump, on Tuesday, levied a 10% tariff on goods from BRICS countries, including India.

Gold Rate in India

The current gold prices in India are Rs 9,818 per gram for 24 karat, Rs 9,000 for 22 karat, and Rs 7,364 for 18 karat. In Chennai, Mumbai, and Bangalore, the price for 24K gold is Rs 9,818 per gram. Meanwhile, Delhi offers it at Rs 9,833 per gram. The rate for 22K gold is consistent at Rs 9,000 per gram across most cities except Delhi where it's Rs 9,015. For 18K gold, the price is around Rs 7,364 in several cities.
Gold Price Outlook

"Gold prices are expected to correct. One can sell at 96800 with a stop loss of 97100 for the target at 96300-96000," stated Nirmal Bang in its report.

In Qatar and Saudi Arabia, the prices are QAR398 (Rs 9,382) and SAR408 (Rs 9,338) respectively. The United States lists it at USD108.50 (Rs 9,314). In Europe, England's rate is GBP78.12 (Rs 9,112), while Germany and France both list it at €91.28 (Rs 9,181).

The price of gold has increased by more than 25% since the beginning of the year 2025 amid heightened geopolitical tensions and stock market volatility. Uncertain US policies and global tensions have sparked gold price rally. Gold emerges as a safe haven for investors amid uncertain times compared to other investment options like equities, bonds, etc.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.