Dubai: Gold and silver prices in the UAE edged lower on Thursday, July 16, 2026, tracking declines in global precious metals markets, where investors remained focused on US economic data, Treasury yields and movements in the US dollar.Gold prices fell across all major categories, while silver also recorded modest declines.Gold prices in the UAE24K gold: AED 486.25 per gram22K gold: AED 450.25 per gram21K gold: AED 431.50 per gram18K gold: AED 370.00 per gram14K gold: AED 288.50 per gramSilver prices in the UAESilver gram: AED 6.73Silver ounce: AED 209.43Silver kilogram: AED 6,733Market analysts attribute the decline to continued pressure from higher bond yields and a stronger US currency, which typically reduce the appeal of non-yielding assets such as gold and silver.Investors are also closely watching upcoming US economic indicators for clues on the direction of monetary policy, with expectations that interest rate decisions could continue to influence precious metal prices in the near term.
