Gold Spot Price (gold/AED)
AED 18,933.13
per troy ounce
Gold & Silver
1 oz
AED 18,933.13
1 gr
AED 608.71
1 kg
AED 608,713.91
Prev Close
AED 18,880.12
Open
AED 18,933.13
Day High
AED 19,003.96
Day Low
AED 18,593.67
1 oz
AED 308.13
1 gr
AED 9.91
1 kg
AED 9,906.72
Prev Close
AED 306.81
Open
AED 308.13
Day High
AED 312.07
Day Low
AED 300.02
Current Situation
As of March 6, 2026, gold prices are volatile, plunging on supply fears from potential Polish central bank sales and a US-Venezuela gold deal, but firming above $5,100 amid US dollar weakness and safe-haven demand (FXStreet, RoboForex).
Key Drivers
- Polish gold sales: Central bank governor considers selling reserves for defense, adding supply pressure (ZeroHedge reports).
- US-Venezuela deal: Up to 1,000 kg of Venezuelan gold entering US markets via Trump team brokered agreement (ZeroHedge).
- Geopolitical tensions: Markets assume a short war; prolonged conflict could lift gold as a safe haven (Peter Schiff on X).
- Dollar weakness: Renewed USD drop supports gold recovery despite profit-taking (FXStreet).
Short-Term Outlook (1-7 days)
Choppy trading likely with downside risks from supply news; watch $5,100 support and $5,186 resistance for direction amid medium confidence.
Long-Term Outlook (1-3 months)
Broader uptrend intact on safe-haven appeal if war drags on (Peter Schiff); analysts see strength above $5,100 but note supply uncertainties.
What to Watch
- Details on Polish sales scale/timing.
- Venezuela gold influx impact.
- Geopolitical war updates.
- US economic data releases.
Current price: AED 18,933.13/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | AED 18,933.13 | +AED 53.01 | +0.28% | |
| 1 Week | AED 19,343.79 | -AED 410.66 | -2.12% | |
| 1 Month | AED 18,288.32 | +AED 644.82 | +3.53% | |
| 3 Months | AED 15,582.42 | +AED 3,350.72 | +21.50% | |
| 6 Months | AED 13,245.61 | +AED 5,687.53 | +42.94% | |
| 1 Year | AED 10,747.94 | +AED 8,185.19 | +76.16% | |
| Since 2026 | AED 16,017.79 | +AED 2,915.34 | +18.20% | |
| Since 2025 | AED 9,801.90 | +AED 9,131.23 | +93.16% | |
| Since 2024 | AED 7,614.56 | +AED 11,318.57 | +148.64% | |
| Since 2023 | AED 6,779.80 | +AED 12,153.33 | +179.26% | |
| Since 2022 | AED 6,610.87 | +AED 12,322.27 | +186.39% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | AED 18,933.13 | AED 18,880.12 | AED 19,003.96 | AED 18,593.67 | Today +53.01 (+0.28%) |
Silver (XAG) | AED 308.13 | AED 306.81 | AED 312.07 | AED 300.02 | Today +1.32 (+0.43%) |