UAE: Dubai 24K gold prices drop below Dh 500 per gram after record high Diwali rate

Gold prices in Dubai slipped below Dh500 ($136) per gram on Tuesday, tracking a global pullback as optimism over US-China trade talks and easing geopolitical tensions reduced safe-haven demand. The metal, which hit a record Dh525.25 ($143) last week, now trades at Dh481.25 ($131) for 24-karat gold, with investors awaiting the US Federal Reserve’s rate decision.