Gold quoted in Dubai fell below Dh500 per gram on Tuesday morning during India's Dussehra festival, according to Gulf News, with 24-karat gold at Dh497 after UAE rates eased by Dh2 to Dh5 overnight. Morning quotes put 22-karat gold at Dh460.25, 18-karat at Dh378.25 and 14-karat at Dh295 per gram. Spot gold stood at $4,140.91 an ounce at 1:30 a.m. ET, down 0.1%, after EconoTimes reported it had dropped below $4,150 on Monday as investors weighed the U.S. interest-rate outlook. The World Gold Council's September review measured an 8.5% fall in the dollar gold price, which it linked to higher bond yields and a stronger dollar. The Federal Reserve meets October 27-28 and will announce its rate decision at 2 p.m. ET on October 28.
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Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/19/2026 | 4,140.75 |
| Change that session | -0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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