Asan Tata— November 11, 2026Gold prices in Dubai moved higher on Wednesday, 11 November 2026, after a sharp fall in the previous session. The 24K rate stood at Dh487.75 per gram in the morning, up from Dh485 at the close of trading on Tuesday.
Silver also edged up. A kilo of silver was priced at Dh7,465 on Wednesday, against Dh7,435 on Tuesday. Both metals followed a recovery in the global spot price, which rose close to 1 per cent after losing nearly 3 per cent on Tuesday.
This article lists the Dubai board rates for 11 November 2026, explains why prices moved, and sets out buying tips for shoppers in the Gold Souk.
Quick Answer
On Wednesday, 11 November 2026, 24K gold in Dubai costs Dh487.75 per gram in the morning, with the afternoon rate at Dh488.00. The 22K rate is Dh451.50, 21K is Dh433.00, and 18K is Dh371.25 per gram. Silver is Dh7,465 per kilo. Prices rose from Tuesday’s close of Dh485 for 24K, after gold lost nearly 3 per cent in the previous session. Rates change during the day, so check the latest board rate before you buy.
Today’s Dubai Gold Rates: 11 November 2026
The Dubai Jewellery Group publishes suggested retail rates for gold jewellery several times a day. The table below shows the morning board rates for Wednesday, 11 November 2026, with the afternoon update and Tuesday’s close for comparison.
| Gold type | Morning (Dh per gram) | Afternoon (Dh per gram) | Tuesday close (Dh per gram) |
|---|---|---|---|
| 24K | 487.75 | 488.00 | 485.00 |
| 22K | 451.50 | 452.00 | 449.25 |
| 21K | 433.00 | 433.25 | 430.75 |
| 18K | 371.25 | 371.50 | 369.25 |
| 14K | 289.50 | – | 288.00 |
| Ounce (24K) | 15,171 | 15,179 | 15,085 |
The 24K rate rose by Dh2.75 per gram from Tuesday’s close in the morning session. The 22K rate rose by Dh2.25, 21K by Dh2.25, and 18K by Dh2.00. The afternoon update pushed 24K slightly higher again, to Dh488.00 per gram.
These are retail board rates for jewellery. They include local costs and a retail margin, so they are higher than the raw metal value worked out from the international spot price. A jeweller’s final bill will also add making charges and 5 per cent VAT.
Gold prices per tola and per 10 grams
Many buyers in the UAE think in tolas, especially for wedding jewellery and gifts. One tola equals 11.664 grams. The table below converts Wednesday’s morning board rates into per-tola and 10-gram prices.
| Gold type | Per gram (Dh) | Per 10 grams (Dh) | Per tola (Dh) |
|---|---|---|---|
| 24K | 487.75 | 4,877.50 | 5,689 |
| 22K | 451.50 | 4,515.00 | 5,266 |
| 21K | 433.00 | 4,330.00 | 5,051 |
| 18K | 371.25 | 3,712.50 | 4,330 |
These figures are the metal value at the board rate only. Making charges, which vary by design and by shop, are added on top. For plain bars and coins, making charges are usually lower than for detailed jewellery.
Why Gold Prices Moved Today
Gold had a rough Tuesday. The metal lost nearly 3 per cent in a single session. On Tuesday morning, 24K gold in Dubai stood at Dh495.75 per gram. By the close of trading, it had fallen to Dh485 — a drop of Dh10.75 per gram within one day.
Wednesday brought a modest recovery. Spot gold rose by about 0.9 per cent to $4,058.48 per ounce in morning trading. Gulf News reported spot gold at $4,057.01 per ounce at 11:00 am Dubai time, after falling 2.6 per cent in the previous session.
The US inflation and interest-rate story
The main driver of the move is the United States. Hot US inflation data, together with hawkish remarks from Federal Reserve officials, strengthened bets that the Fed could raise interest rates in December. Higher interest rates tend to weigh on gold, because gold pays no interest and a stronger dollar makes it more expensive for buyers in other currencies.
That is why Tuesday’s fall was so sharp. Traders repriced the chance of a December rate hike, and gold fell fast. Wednesday’s small rise looks like a pause rather than a clear turn. The metal is holding near the $4,000 per ounce mark, a level traders are watching closely.
What analysts are saying
Dilin Wu, a research strategist at Pepperstone, said gold is facing a tougher road in the near term, with analysts warning of further downside risks while the $4,000 mark stays in focus.
For buyers, the message is simple. Prices can swing by Dh10 or more per gram in a single day. Check the board rate on the day you buy, not the day before.
Silver Prices in Dubai Today
Silver also rose on Wednesday, though by a smaller margin than gold. The silver rate is published per kilo by Al Kananah, a silver jewellery trader in Dubai.
| Silver | Wednesday 11 Nov | Tuesday 10 Nov | Change |
|---|---|---|---|
| Per kilo (AED) | 7,465 | 7,435 | +30 |
| Per kilo (USD) | 2,034 | 2,026 | +8 |
| Per gram (AED) | 7.47 | 7.44 | +0.03 |
At Dh7.47 per gram, silver remains far cheaper per unit than gold. That is one reason it has drawn fresh interest from UAE buyers. Silver also has strong industrial demand, from electronics to solar panels, which supports its price even when jewellery demand is quiet. On Tuesday, the international silver price stood at $53.13 per ounce.
Gold Prices This Week: A Quick Comparison
The last few days show how fast the market has moved. Monday’s close for 24K gold was Dh497.25 per gram. On Tuesday morning it opened at Dh495.75, and by Tuesday’s close it had dropped to Dh485. Wednesday morning brought it back to Dh487.75.
| Day | 24K per gram (Dh) | What happened |
|---|---|---|
| Monday 9 Nov close | 497.25 | Steady before the fall |
| Tuesday 10 Nov morning | 495.75 | Down Dh1.50 from Monday |
| Tuesday 10 Nov close | 485.00 | Nearly 3 per cent lost in one session |
| Wednesday 11 Nov morning | 487.75 | Up Dh2.75, partial recovery |
| Wednesday 11 Nov afternoon | 488.00 | Small further gain |
The week is a reminder that gold does not move in a straight line. Even in a strong year for the metal, single-day falls of 3 per cent can happen. Wednesday, 11 November, is also the last day of the Diwali festival, when jewellery demand in Dubai is usually strong and many shops run festive offers.
What the Board Rate Means for Buyers
The Dubai board rate is a suggested retail price for gold jewellery, published by the Dubai Jewellery Group. It is not the same as the international spot price, which is the raw metal value per ounce in US dollars. The board rate starts from that value and adds local costs and a retail margin.
Three costs sit on top of the board rate when you buy jewellery in a Dubai shop:
Making charges. This is the cost of turning metal into jewellery. Shops often charge a flat amount per gram rather than a percentage of the value, so making charges do not rise as fast as the gold price. Simple designs cost less to make than detailed ones.
VAT. Jewellery sales in the UAE carry 5 per cent VAT. Tourists can claim a VAT refund on purchases made in the UAE, subject to the rules of the refund scheme. Keep your receipts and ask the shop about the refund process before you pay.
Retail margin. The board rate already includes a margin for the shop. Prices can still vary a little from shop to shop, especially in the Gold Souk, where competition is strong. Compare two or three shops for the same design before you decide.
Buying Tips for Gold in Dubai
Check the board rate first
Look up the day’s board rate before you visit a shop. The rate is published in the morning and updated during the day. Knowing the rate helps you judge whether a shop’s quote is fair.
Compare making charges
Making charges vary widely. Two shops can sell a similar bangle at very different making charges. Ask for the making charge per gram in writing before you agree to buy.
Look for the hallmark
Buy from licensed jewellers and check that the piece carries a hallmark showing its purity. Dubai’s gold trade is well regulated, and established shops in the Gold Souk and malls follow strict standards. If a deal looks far cheaper than every other shop, be careful.
Keep your receipts and certificates
Always take a proper receipt that lists the weight, purity, making charge, and VAT separately. For bars and coins, keep the certificate that comes with the piece. These papers matter if you sell the gold later or claim a VAT refund as a tourist.
Think about timing, not timing the market
Nobody can predict the next move in gold with certainty. This week’s swing shows why. A better approach for most buyers is to decide on a budget and a purpose, then buy when the price fits that budget. Long-term buyers often add small amounts regularly instead of trying to catch the lowest price of the year.
Gold as an Investment in the UAE
Gold remains a popular way for UAE residents to hold value. Buyers can choose physical bars and coins, jewellery, exchange-traded funds, or digital gold products offered by banks and licensed platforms.
Physical gold has the advantage of being something you can hold. Bars and coins usually carry lower making charges than jewellery, so more of your money goes into the metal itself. Paper and digital gold are easier to buy and sell in small amounts, and you do not need to store anything at home.
Whatever route you choose, gold is not a guaranteed investment. Its price can fall sharply, as Tuesday showed. Past gains do not promise future returns, and no seller can promise you a profit. If you are buying gold as an investment, compare the total cost of each option, including any storage or platform fees, and check that the seller or platform is licensed in the UAE.
Frequently Asked Questions
What is the price of 24K gold in Dubai today?
On Wednesday, 11 November 2026, 24K gold in Dubai is Dh487.75 per gram in the morning and Dh488.00 in the afternoon. That is up from Dh485 at Tuesday’s close.
Why did gold prices fall on Tuesday?
Gold lost nearly 3 per cent on Tuesday after hot US inflation data and hawkish Federal Reserve remarks strengthened bets on a December interest-rate hike. Higher rate expectations tend to push gold down and lift the US dollar.
What is the silver price in Dubai today?
Silver is Dh7,465 per kilo on Wednesday, 11 November 2026, up from Dh7,435 on Tuesday. That works out to about Dh7.47 per gram.
Is gold cheaper in Dubai than in India or Pakistan?
Dubai is often cheaper for gold jewellery because of lower making charges, strong competition among shops, and VAT refunds for tourists. The final price still depends on the day’s rate, the design, and the making charge, so compare the full bill, not just the per-gram rate.
Do gold rates change during the day in Dubai?
Yes. The Dubai Jewellery Group publishes board rates more than once a day. On 11 November, 24K moved from Dh487.75 in the morning to Dh488.00 in the afternoon. Always check the latest rate before you buy.
What should I check before buying gold jewellery in Dubai?
Check the day’s board rate, ask for the making charge per gram in writing, confirm the hallmark and purity, buy from a licensed shop, and keep a receipt that lists weight, purity, making charge, and VAT separately.
Disclaimer
Gold prices change during the day and can move sharply, as this week’s trading shows. The rates in this article are the Dubai board rates published for Wednesday, 11 November 2026, and may differ from the rate at the time you read this. This article is for information only and is not financial advice. Always confirm the latest rate with the seller before you buy.
Sources: Khaleej Times gold prices report and gold-forex page, 11 November 2026; Gulf News gold market report, 11 November 2026; Dubai Jewellery Group board rates via Khaleej Times; silver rates via Al Kananah, Dubai.
Last Updated: 11 November 2026
Asan Tata is an independent information platform providing simple, practical guides on UAE visas, banking, insurance, driving licences, and government-related services. Our team researches information from reliable and official sources to make complex topics easier to understand.