Gold Rates Today
Gold prices across the Middle East (May 15, 2026) Retail gold prices across major Middle Eastern markets including the UAE, Saudi Arabia, Qatar and Oman edged lower on May 15, 2026, tracking weakness in international spot bullion prices. The overall regional sentiment remains soft as investors react to global economic uncertainty and fluctuating US dollar trends. The average 24K gold rate across these GCC markets is broadly in the mid-500 range in local currencies, reflecting mild consolidation after recent highs. Despite the dip, demand remains steady among retail and investment buyers, supported by seasonal purchases and safe-haven interest amid ongoing geopolitical tensions and inflation concerns in global markets outlook.
UAE (Dubai & Abu Dhabi): Retail gold prices in the UAE declined on May 15, 2026, tracking weaker global bullion trends. 24K gold stands at AED 551.25 per gram, 22K at AED 510.50, and 18K at AED 419.50. Prices remain unified across Dubai and Abu Dhabi under the Dubai Gold & Jewellery Group benchmark system.
Saudi Arabia: Gold prices in Saudi Arabia eased slightly on May 15, 2026, in line with international spot movements. The 24K rate is SAR 584.00 per gram, 22K at SAR 533.00, and 18K at SAR 436.00. Market sentiment remains cautious as investors track global inflation and geopolitical tensions affecting bullion demand.
Qatar: Qatar’s gold market reflected a mild decline on May 15, 2026, following softer global cues. The 24K gold price is QAR 565.00 per gram, 22K at QAR 520.50, and 18K at QAR 426.00. Local demand remains steady, supported by retail buyers despite ongoing fluctuations in international bullion prices.
Oman: Gold rates in Oman moved lower on May 15, 2026, mirroring broader Gulf trends. The 24K gold price stands at OMR 59.25 per gram, 22K at OMR 55.30, and 18K at OMR 45.20. Market activity remains stable as investors balance safe-haven buying with global price volatility.
Here is the table for some parts of Middle East as follows:
| Location / Country | 24K Gold Rate | 22K Gold Rate | 18K Gold Rate |
|---|---|---|---|
| Dubai (UAE) | AED 551.25 | AED 510.50 | AED 419.50 |
| Abu Dhabi (UAE) | AED 551.25 | AED 510.50 | AED 419.50 |
| Saudi Arabia | SAR 584.00 | SAR 533.00 | SAR 436.00 |
| Qatar | QAR 565.00 | QAR 520.50 | QAR 426.00 |
| Oman | OMR 59.25 | OMR 55.30 | OMR 45.20 |
Prices for Qatar and Saudi Arabia appear to reflect updated regional retail bullion benchmarks compared to earlier quoted retail levels.
Gold remains at the centre of the Gulf, including Dubai, Abu Dhabi, Oman, Saudi Arabia and Qatar, where prices remain upbeat and closely in sync with its global counterpart. The market continues to react strongly to global spot prices, currency fluctuations and geopolitical risk, with rates changing on a daily basis. Whether for weddings, festive demand or protection of long-term wealth, gold remains an integral part of the region’s financial and cultural life, with demand steady, ensuring robust liquidity and trading conditions.
India’s gold market has meanwhile been trying to adjust to higher costs after the government hiked import duties to around 15%, which increased domestic prices and dented jewellery demand. With India heavily reliant on imports to meet consumption needs, the duty increase has caused a widening of the price differential between the domestic and global markets, and boosted interest in sourcing from alternative hubs like the Gulf, where prices remain comparatively more competitive and tax-efficient for India.
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Gold Price Last 15 Days (Per 10g, 24K)
| Date | Value 1 | Value 2 | Value 3 | Value 4 | Value 5 |
|---|---|---|---|---|---|
| May 15, 2026 | 5,545 | 5,545 | 58.20 | 5,525 | 5,665 |
| May 13, 2026 | 5,600 | 5,600 | 59.50 | 5,640 | 5,679.40 |
| May 12, 2026 | 5,675 | 5,675 | 603 | 5,680 | 5,860 |
| May 11, 2026 | 5,683 | 5,683 | 598 | 5,675 | 5,850 |
| May 09, 2026 | 5,685 | 5,685 | 599 | 5,670 | 5,870 |
| May 06, 2026 | 5,665 | 5,665 | 593 | 5,645 | 5,775 |
| May 05, 2026 | 5,560 | 5,560 | 582 | 5,540 | 5,670 |
| May 04, 2026 | 5,550 | 5,550 | 581 | 5,530 | 5,660 |
| May 03, 2026 | 5,560 | 5,560 | 582 | 5,540 | 5,670 |
| May 02, 2026 | 5,610 | 5,610 | 587 | 5,590 | 5,720 |
| May 01, 2026 | 5,600 | 5,600 | 586 | 5,580 | 5,710 |
| Apr 30, 2026 | 5,580 | 5,580 | 584 | 5,560 | 5,690 |
| Apr 29, 2026 | 5,570 | 5,570 | 583 | 5,550 | 5,680 |
| Apr 28, 2026 | 5,565 | 5,565 | 582 | 5,545 | 5,675 |
| Apr 27, 2026 | 5,560 | 5,560 | 582 | 5,540 | 5,670 |
| Apr 26, 2026 | 5,555 | 5,555 | 581 | 5,535 | 5,665 |
| Apr 25, 2026 | 5,540 | 5,540 | 580 | 5,520 | 5,650 |
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