Gold Rate Today (29 May 2026): 24K, 22K & 18K Prices in UAE, Dubai, Qatar, Saudi Arabia & Oman

Gold prices across the Middle East held firm on Friday, May 29, 2026, tracking steady global bullion trends with minor regional variations driven by local taxes, retail charges, and currency differences. Whether you are buying jewellery in Dubai's Gold Souk, investing in Doha, or comparing rates in Riyadh, here is a complete breakdown of today's 24K, 22K, and 18K gold prices across all major Gulf markets.

Today's Gold Rates at a Glance — May 29, 2026
 

Note: Prices are retail market rates and may vary by jeweller and time of update.

Understanding Gold Purity: 24K, 22K & 18K Explained

Before buying gold in any Gulf market, it helps to know exactly what you are paying for.
24K gold is the purest form available, with 99.9% gold content. It is ideal for investment bars and coins but too soft for most everyday jewellery. 22K gold, at 91.6% purity, is the most popular choice for jewellery across the Gulf — it balances purity with durability. 18K gold, at 75.0% purity, is commonly used in high-end designer jewellery and is more scratch-resistant, making it a practical choice for rings and bracelets worn daily.

UAE Gold Rate Today — Dubai & Abu Dhabi

In both Dubai and Abu Dhabi, 24K gold is trading at AED 541.25 per gram today, down from AED 543.75 on May 28. The 22K rate stands at AED 501.25 per gram, while 18K gold is priced at AED 412.00 per gram.

Dubai remains the Gulf's most competitive gold market. The emirate imposes no import duty on gold and has one of the lowest retail markups in the world, making it a favourite destination for gold buyers from across South Asia, Europe, and the wider Middle East.

Qatar Gold Rate Today — Doha

In Doha, 24K gold is trading at QAR 543.50 per gram, with 22K at QAR 500.50 and 18K at QAR 412.50. Qatar's gold market, centred in the Gold Souk in the old commercial district, closely mirrors UAE pricing with minor adjustments for local retail margins.

Saudi Arabia Gold Rate Today

Saudi Arabia's 24K gold rate today stands at SAR 543.64 per gram, with 22K at SAR 499.06 and 18K at SAR 407.73. Riyadh, Jeddah, and Mecca remain high-volume gold retail centres, particularly around the Hajj season when demand from pilgrims traditionally drives purchasing activity.

Oman, Bahrain & Kuwait Gold Rates Today

In Muscat, Oman, 24K gold is priced at OMR 56.60 and 22K at OMR 52.85 per gram. Bahrain records 24K at BHD 55.20 and 22K at BHD 51.50. Kuwait's rates stand at KWD 45.48 for 24K and KWD 41.70 for 22K gold.

UAE Gold Rate — Last 15 Days Trend

Gold has eased slightly over the past week from its recent highs, reflecting profit-taking in global markets after a strong rally in mid-May. The broader trend, however, remains upward — driven by geopolitical uncertainty, ongoing Iran-US negotiations, and sustained central bank demand for bullion worldwide.

Why Gold Prices Differ Across GCC Markets

Even though all Gulf markets track the same international spot price, retail gold rates differ from country to country due to VAT and import duties, local retail margins, currency exchange rates, and jewellers' making charges. In the UAE, there is no VAT on investment gold (bars and coins), though jewellery carries a 5% VAT. Saudi Arabia applies 15% VAT on all gold purchases, which is why its gold market, while large, is slightly less competitive for pure investment buying compared to Dubai.

Should You Buy Gold Today?

Gold rates change every day — sometimes multiple times. If you are planning a purchase, check live rates through official sources like the Dubai Multi Commodities Centre (DMCC) or your local jeweller's display price before transacting. The rates published here reflect May 29, 2026 market data and are for informational purposes only.

Track the latest gold prices across Qatar, UAE, Saudi Arabia, and the GCC only on Qatarday. Visit qatarday.com for daily market updates and financial news.