Gold prices across the Middle East on 23 May 2026: Gold prices across the Middle East remained largely firm on 23 May 2026, with retail bullion markets in the Gulf region showing only mild fluctuations despite global economic uncertainty. Demand for gold jewellery and investment bars continues to stay strong across key markets such as Dubai, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain. Traders are closely monitoring international spot gold prices, US dollar movement, and crude oil trends for fresh direction. While weekend trading activity remains limited in some regions, retail buyers are still actively checking rates ahead of wedding purchases, summer travel shopping, and long-term investment decisions across the GCC bullion market.
Gold prices in the UAE remained stable, with Dubai continuing to attract jewellery buyers and tourists looking for competitive bullion rates. Retail prices stood at AED 547.50 for 24K gold, AED 507.00 for 22K, and AED 416.75 for 18K gold per gram across major gold souks and jewellery outlets.
Saudi Arabia’s gold market stayed firm amid steady regional demand and global price stability. Retail gold rates were recorded at SAR 561.00 for 24K, SAR 514.00 for 22K, and SAR 420.50 for 18K gold per gram. Jewellery demand remains active ahead of seasonal shopping and family celebrations across the Kingdom.
Gold prices in Oman witnessed limited movement as buyers continued monitoring international bullion trends. Retail rates stood at OMR 57.55 for 24K gold, OMR 53.70 for 22K, and OMR 42.45 for 18K gold per gram. Local jewellers reported cautious but steady interest from both residents and tourists.
Qatar’s bullion market remained stable with only minor fluctuations in retail pricing. Gold rates were seen at QAR 547.00 for 24K, QAR 504.00 for 22K, and QAR 412.50 for 18K gold per gram. Investors and jewellery buyers continue tracking global market signals for upcoming price direction in Doha markets.
Gold prices in Kuwait held steady as local markets reflected broader international bullion trends. Retail gold rates stood at KWD 45.48 for 24K, KWD 41.70 for 22K, and KWD 34.14 for 18K gold per gram. Demand for lightweight jewellery and investment coins remained consistent across major retail stores.
Bahrain’s gold market stayed stable with moderate retail demand across jewellery outlets and traditional gold souks. Current retail rates were BHD 55.40 for 24K, BHD 51.70 for 22K, and BHD 42.30 for 18K gold per gram. Buyers are closely following global price trends before making larger purchases.
Here is the table for some parts of Middle East as follows:
| Country | 24K Gold Rate | 22K Gold Rate | 18K Gold Rate |
|---|---|---|---|
| United Arab Emirates (Dubai) | AED 547.50 | AED 507.00 | AED 416.75 |
| Saudi Arabia | SAR 561.00 | SAR 514.00 | SAR 420.50 |
| Oman | OMR 57.55 | OMR 53.70 | OMR 42.45 |
| Qatar | QAR 547.00 | QAR 504.00 | QAR 412.50 |
| Kuwait | KWD 45.48 | KWD 41.70 | KWD 34.14 |
| Bahrain | BHD 55.40 | BHD 51.70 | BHD 42.30 |
Prices for Qatar and Saudi Arabia appear to reflect updated regional retail bullion benchmarks compared to earlier quoted retail levels.
(Disclaimer: Gold prices mentioned are based on available retail market data and may vary by location, jeweller, and time of update. This content is for informational purposes only and should not be considered financial or investment advice. Readers are advised to verify latest rates from official or local sources before making any buying or selling decisions.)
Also Read: Gold & Silver Rates Today, 23 May 2026: MCX Pauses For The Weekend, Metal Prices Hold Steady; Check
Aishwarya is a journalism graduate with over 4.5 years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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