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Gold surges as markets open after US rate cuts
Khaleej Times
|December 16, 2025
Gold rates saw a sharp rise throughout the weekend after the US Federal Reserve's decision to cut interest rates by 25 basis point to a range of 3.5 to 3.75 per cent came on Friday.
Gold prices have increased more than seven per cent from November. They rose to a record high of Dh525.25 on October 21, before falling sharply.
(FILE PHOTO)
On Monday morning, 24K gold price rose to Dh521.25 per gram, and 22K, 21K, 18K, and 14K were selling at Dh482.75, Dh462.75, Dh396.75, and Dh309.50 per gram, respectively. Spot gold prices rose to $4,343.51 at 10.15am in the morning.
In contrast, the price of 24K gold stood at Dh506.75 per gram on Wednesday, before the Fed rate cuts were announced.
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