Gold continued trading near historic highs in February 2026, following an exceptional rally that began in late 2025 and accelerated in January. During most of the month, prices fluctuated within the $4,900 to $5,150 per ounce range, before regaining upward momentum in the latest update and moving back above $5,200 per ounce, confirming the strength of the broader bullish trend.
These elevated global levels were clearly reflected in the UAE gold market. During February, 24K gold hovered around the key psychological level of AED 600 per gram, fluctuating between approximately AED 580 and AED 622 per gram. Following the most recent global increase, prices have since moved into a higher range of around AED 625 to AED 645 per gram, signaling continued strength in local demand and market confidence.
Global Gold Performance in February 2026
Market data shows that gold traded between a low of approximately $4,500–$4,550 per ounce and a high of $5,100–$5,150 per ounce during February. This followed a strong correction after gold reached an all-time record above $5,600 per ounce in late January, as investors took profits after the sharp rally.
Despite this volatility, gold still achieved:
Monthly gains of approximately 1.8–2%
Annual gains exceeding 70% year-on-year
These gains confirmed that the broader bullish trend remained intact.
In the latest market update following the end of February, gold regained upward momentum and moved back above $5,200 per ounce, signaling renewed investor demand and continued strength in the global gold market.
This renewed momentum was closely associated with escalating geopolitical tensions and safe-haven flows. For a deeper macroeconomic breakdown of how political instability influences both gold and silver markets, see our full analysis: How Political Tensions Impact Gold and Silver Prices in 2026.
Key Global Drivers
Geopolitical Uncertainty
Ongoing geopolitical tensions, particularly in the Middle East and other global regions, continued to reinforce gold’s appeal as a safe-haven asset, supporting prices at elevated levels.
Interest Rate Expectations
Growing expectations that the US Federal Reserve may begin cutting interest rates later in 2026 weakened the US dollar outlook and increased investor demand for gold, which typically performs well in lower interest rate environments.
Central Bank Buying
Central banks maintained strong gold purchases throughout 2025 and early 2026, as part of long-term reserve diversification strategies. According to the World Gold Council, central bank demand remains one of the most important structural drivers supporting gold prices.
Return of Investment Demand
Following the February correction, investors returned to the gold market, helping push prices back above $5,200 per ounce, confirming continued confidence in gold as a strategic asset.
Gold Prices in UAE and Dubai – February 2026
In the UAE, gold prices remained closely linked to global market movements throughout February, with AED 600 per gram acting as a key psychological resistance and support level during most of the month.
Price Overview
Early February
24K gold: AED 589–596 per gram
22K gold: AED 545–552 per gram
Prices reflected global stability near the $5,000 per ounce level.
Mid-February
24K gold briefly exceeded AED 610 per gram, driven by short-term global strength
Prices later corrected to approximately AED 594.5 per gram
22K gold averaged around AED 550.5 per gram
This period highlighted increased market volatility.
February 23, 2026
24K gold reached approximately AED 622.5 per gram
22K gold reached approximately AED 570 per gram
This increase reflected gold moving back above $5,100 per ounce globally.
Latest Update – Early March 2026
Following the most recent global rally, gold prices in the UAE moved into a higher trading range:
24K gold: AED 625–645 per gram
22K gold: AED 585–600 per gram
This shift confirms that AED 600 per gram is no longer a resistance level but has started to act as a strong support level in the UAE gold market.
Investor behavior has also evolved. While many buyers previously waited for prices to fall below AED 600, the current market structure suggests that price dips toward the AED 600–620 range may now represent potential buying opportunities, depending on individual investment strategies.
Key Factors Influencing Gold Prices
Federal Reserve Policy
Recent statements from Federal Reserve officials suggesting that interest rates may remain elevated in the near term—but could be reduced later in 2026 if inflation continues to ease—have created mixed market sentiment. However, growing expectations of future rate cuts have recently supported gold, helping push prices back above $5,200 per ounce. Lower interest rates typically increase gold’s attractiveness, as it is a non-yielding asset.
Global Political Risks
Rising geopolitical tensions, particularly in the Middle East and other sensitive regions, have continued to strengthen gold’s role as a safe-haven asset. This environment has supported gold prices near historic highs and reinforced long-term investor demand.
Institutional Forecasts
Several major financial institutions continue to maintain bullish outlooks for gold.
Some forecasts suggest gold could reach:
$5,500–$6,000 per ounce by late 2026
While more conservative projections estimate average trading levels between:
$4,900–$5,300 per ounce, reflecting potential short-term corrections within a broader upward trend.
According to the World Gold Council, continued central bank demand and investment inflows remain key structural drivers that could support gold prices in the medium to long term.
Gold Price Update – March 2026
Investment Analysis: Is It Still a Good Time to Buy Gold?
Long-Term Outlook Remains Bullish
Gold continues to serve as a reliable hedge against inflation, currency depreciation, and global economic uncertainty. With prices recently moving back above $5,200 per ounce and AED 625–645 per gram in the UAE, the overall long-term trend remains positive.
Central bank purchases remain one of the strongest structural supports for gold demand. According to industry reports, continued reserve diversification is expected to support prices over the coming years.
Financial experts typically recommend allocating:
10–20% of an investment portfolio to gold, depending on individual risk tolerance and investment objectives.
Key Risk: Buying After a Strong Rally
Buying gold after a major price increase—at levels above:
$5,200 per ounce globally
AED 630 per gram in Dubai
may expose investors to short-term correction risks, which could range between 5% and 12%, particularly during periods of profit-taking.
Such corrections are considered normal within a long-term bullish trend.
Smart Strategy: Gradual Buying
For investors in the UAE, a more balanced strategy may include:
Buying gradually rather than investing all capital at once
Monitoring the market for potential price dips
Targeting potential support zones around AED 600–620 per gram, rather than relying on outdated lower ranges
This approach helps reduce risk and improve average entry price over time.
Updated Market Perspective
While gold remains near historic highs, the recent ability to hold above $5,200 per ounce suggests strong underlying demand. Future price movements will likely depend on:
Interest rate policy decisions
Global geopolitical developments
Investor demand and central bank buying
Gold remains best suited as a medium- to long-term strategic asset, rather than a short-term speculative trade.
If you’re wondering whether current prices represent a good entry point, read our full guide: Is It a Good Time to Buy Gold in the UAE? 2026 Market Analysis
Gold Price Forecast Scenarios for 2026
Bullish Scenario
If geopolitical tensions persist and the US Federal Reserve begins cutting interest rates later in 2026, gold could extend its long-term uptrend.
In this scenario, gold may:
Exceed $5,500 per ounce
Potentially approach or test the $5,800–$6,000 range
In the UAE, this could push 24K gold prices toward AED 650–700 per gram, especially if global investment demand remains strong.
Base Case Scenario (Most Likely)
Under normal market conditions, with moderate economic growth and gradual policy adjustments, gold may trade within a consolidation range before continuing higher.
Gold could fluctuate between:
$5,000 and $5,500 per ounce
In the UAE, this would likely correspond to:
AED 620–660 per gram
This scenario reflects healthy market consolidation within a broader bullish trend.
Correction Scenario
If global economic conditions stabilize faster than expected, or interest rates remain elevated for longer, gold could experience a temporary correction.
In this case, gold may retrace toward:
$4,900–$5,100 per ounce
With UAE prices potentially falling toward:
AED 600–620 per gram
Such corrections would be considered technically normal and may create new entry opportunities for long-term investors before the uptrend resumes.
Long-Term Outlook
According to market analysts and the World Gold Council, gold’s long-term outlook remains structurally positive due to:
Continued central bank demand
Global economic uncertainty
Gold’s role as a strategic hedge asset
Investment Insight – Delor Gold & Silver
Delor Gold & Silver believes that current gold prices, following the recent move above $5,200 per ounce globally and AED 625–645 per gram in the UAE, reflect a combination of strong fundamental drivers and investor sentiment. These include ongoing economic uncertainty, central bank demand, and gold’s continued role as a strategic safe-haven asset.
Gold should not be treated as a short-term speculative opportunity, but rather as:
A hedge against inflation and currency fluctuations
A medium- to long-term strategic investment
A portfolio diversification tool during uncertain economic cycles
The company recommends a disciplined investment approach, including:
Gradual buying during price corrections, particularly near key support levels such as AED 600–620 per gram
Avoiding investing all capital at a single price level, especially after strong upward moves
Aligning gold investments with individual financial goals, time horizon, and risk tolerance
It is also important to distinguish between:
Buying gold jewelry for personal use, where timing may be less critical
Buying gold for investment purposes, where entry price, quantity, and long-term strategy play a more important role
Investors who monitored the market earlier this year have already witnessed the beginning of the current uptrend. You can review the earlier phase of this movement in our previous analysis: Gold Price in the UAE – January 2026, which explains how gold transitioned into its current bullish cycle.
Delor Gold & Silver continues to view gold as a core strategic asset, while emphasizing that investment decisions should be based on careful planning and, when necessary, consultation with a qualified financial advisor
Why Choose Delor Gold & Silver as Your Investment Partner
As a leading precious metals company in the UAE, Delor offers:
- Certified gold bars from global brands including PAMP Suisse and Emirates Gold
- Full transparency and guaranteed purity
- Competitive pricing for investors and traders
- Supply from 1 gram to 1 kilogram bars
Visit:
Or contact:
info@delor.ae
Disclaimer
This content is for informational purposes only and does not constitute financial advice. Investors should consult licensed financial advisors before making investment decisions.
FAQ
Is now a good time to buy gold in UAE?
Gradual buying during price dips is generally considered a safer strategy.
Will gold continue rising?
Gold may continue rising if interest rates decline and global uncertainty persists.
