Dubai Gold Rate Today: 18K, 22K, 24K Gold Prices for July 3, 2026
Today, July 3, Dubai retail gold prices (gold rates) rose, with 24K reaching AED 494.75 per gram. The rally was triggered by weak US jobs data (57,000 added vs 110,000 expected), which lowered interest rate expectations and boosted gold's global safe-haven appeal. Dubai continues to offer competitive pricing due to its favorable tax structure.
Retail gold prices (gold rates) in Dubai recorded a notable increase on Friday, July 3, mirroring a global bullion rally sparked by newly released macroeconomic data. The retail price for 24-carat gold rose to AED 494.75 per gram, up from the previous session's close. This upward movement follows a weaker-than-expected US labour market report, which prompted international investors to adjust their expectations regarding future central bank monetary policies.
Scroll below to see the 18K, 21K, 22K and 24K Dubai gold rates (gold prices) for today, July 3, in AED, USD and INR. Gold Rate Today, July 3, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.
Dubai Gold Rate Table
The table below provides the comprehensive retail gold price breakdown across standard purities (24K, 22K, 21K, and 18K) measured per gram, 10 grams, and 1 tola (11.6638 grams) in UAE Dirham (AED), U.S. Dollar (USD), and Indian Rupee (INR).
Dubai Gold Rate Today, July 3, 2026
| Purity (Karat) | Weight Unit | Price in AED | Price in USD | Price in INR |
| 24K (99.9% Pure) | 1 Gram | 494.75 | 134.72 | 12,823 |
| 10 Grams | 4,947.50 | 1,347.17 | 1,28,233 | |
| 1 Tola (11.66g) | 5,770.66 | 1,571.32 | 1,49,563 | |
| 22K (Jewelry Grade) | 1 Gram | 458.00 | 124.71 | 11,871 |
| 10 Grams | 4,580.00 | 1,247.11 | 1,18,708 | |
| 1 Tola (11.66g) | 5,342.02 | 1,454.60 | 1,38,461 | |
| 21K (Regional Standard) | 1 Gram | 432.90 | 117.88 | 11,220 |
| 10 Grams | 4,329.00 | 1,178.76 | 1,12,200 | |
| 1 Tola (11.66g) | 5,049.26 | 1,374.88 | 1,30,865 | |
| 18K (Durable Alloy) | 1 Gram | 376.50 | 102.52 | 9,758 |
| 10 Grams | 3,765.00 | 1,025.19 | 97,584 | |
| 1 Tola (11.66g) | 4,391.42 | 1,195.76 | 1,13,817 |
Market Drivers: Softer US Labor Data
The global surge in precious metals emerged immediately after the U.S. Bureau of Labour Statistics reported that nonfarm payrolls increased by just 57,000 jobs last month. This figure fell significantly short of the 110,000 jobs projected by market economists. The weaker employment data has effectively eased investor concerns regarding persistent inflation, leading market participants to trim expectations for further interest rate hikes by the Federal Reserve. Because higher interest rates increase the opportunity cost of holding non-yielding assets, the prospect of steady or lower rates has renewed the appeal of gold as a safe-haven asset, pushing spot bullion up by nearly 1.5 per cent globally.
Local Retail Impact and Currency Dynamics
Due to the absence of value-added taxes on raw bullion trading, Dubai continues to maintain a competitive pricing structure compared to major consumer markets like India. However, local rates remain directly tied to international spot fluctuations and currency changes. With the UAE Dirham (AED) pegged to the U.S. Dollar, the local price directly tracks global COMEX and LBMA benchmarks. For buyers tracking costs across multiple currencies, the current exchange rates place the Indian Rupee (INR) at approximately ₹25.84 per AED, adding a layer of conversion advantage for expatriate buyers and tourists. Dubai Gold Rate Today: 18K, 22K, 24K Gold Prices for July 2, 2026.
Short-Term Market Outlook
Market analysts observe that gold is currently on track for a weekly gain of roughly 2.3 per cent, reversing a multi-week downward trend observed throughout June. While local jewellery stores in the Dubai Gold Souk adapt their daily board rates to these international developments, retail premiums and making charges may vary slightly between individual merchants. Investors will likely keep a close watch on upcoming comments from central bank officials to gauge whether this bullion rally sustains momentum into the next trading week.
(The above story first appeared on LatestLY on Jul 03, 2026 11:03 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).