Gold Rates Today (03-04-2026) Crash In Dubai: 24K, 22K, 18K At Tanishq, Joyalukkas, Kalyan, iGold, Malabar

Gold rates in Dubai crashed on May 3, 2026, despite dollar depreciation and fall in crude oil prices in the last trading session. This is because the global gold market is under pressure with spot gold recording its second weekly decline to end around $4,600 per ounce. Overall, gold prices are down by almost 15% since the US-Israel-Iran war started. Dubai is among the key gold hubs to face the impact, as Iran has attacked US-based bases in UAE several times. The latest gold price performance in Dubai also comes at a time when UAE has exited OPEC and OPEC+ with effect from May 1st.

As per the latest update, Pakistan confirmed that Iran has sent a new peace proposal to US. However, a solution between the two country is still unclear. US naval continues its blockade at Strait of Hormuz against Iranian vessels, while US President Donald Trump faces a 60-day War Powers deadline over military action in Iran. US military has reportedly briefed about the next course of action in Iran. The conditions in Middle East remains fragile.

Gold Rates In Dubai:

1 gram gold price fell by AED 5 in Dubai to AED 556 in 24 carat on May 3rd. The price of 10 grams gold dropped by AED 50 to AED 5,560 and the price of 100 grams gold plunged by AED 500 to AED 55,600. In Indian rupees, gold price in Dubai is down by Rs 129 to Rs 14,347 per 1 gram, plunged by Rs 1,290 to Rs 1,43,471 per 10 grams and crashed by Rs 12,902 to Rs 14,34,708 per 100 grams of 24 carat.

Gold prices in Dubai are cheaper than gold rates in India.

Check Gold Rates In Dubai (AED)

24 Carat Gold Rates Today

Gram	Today	Yesterday	Change
1	د.إ556	د.إ561	- د.إ5
8	د.إ4,448	د.إ4,488	- د.إ40
10	د.إ5,560	د.إ5,610	- د.إ50
100	د.إ55,600	د.إ56,100	- د.إ500

22 Carat Gold Rates Today

Gram	Today	Yesterday	Change
1	د.إ514.75	د.إ519.50	- د.إ4.75
8	د.إ4,118	د.إ4,156	- د.إ38
10	د.إ5,147.50	د.إ5,195	- د.إ47.50
100	د.إ51,475	د.إ51,950	- د.إ475

18 Carat Gold Rates Today

Gram	Today	Yesterday	Change
1	د.إ423	د.إ427	- د.إ4
8	د.إ3,384	د.إ3,416	- د.إ32
10	د.إ4,230	د.إ4,270	- د.إ40
100	د.إ42,300	د.إ4,270	- د.إ400

Check Gold Rates In Dubai (INR)

24 Carat Gold Rates Today

Gram	Today	Yesterday	Change
1	₹14,347	₹14,476	-₹129
8	₹1,14,777	₹1,15,809	-₹1,032
10	₹1,43,471	₹1,44,761	-₹1,290
100	₹14,34,708	₹14,47,610	-₹12,902

22 Carat Gold Rates Today

Gram	Today	Yesterday	Change
1	₹13,283	₹13,405	-₹122
8	₹1,06,261	₹1,07,242	-₹981
10	₹1,32,827	₹1,34,052	-₹1,225
100	₹13,28,266	₹13,40,523	-₹12,257

18 Carat Gold Rates Today

Gram	Today	Yesterday	Change
1	₹10,915	₹11,018	-₹103
8	₹87,321	₹88,147	-₹826
10	₹1,09,151	₹1,10,184	-₹1,033
100	₹10,91,513	₹11,01,835	-₹10,322

That being said, there are several Indian brands who have stores in Dubai. Check gold rates of Tanishq, Joyalukkas, Malabar Gold and Kalyan Jewellers. Apart from this, check gold rates in popular iGold.

Tanishq Gold Rates Today

On May 3rd, 22 carat gold price stood at 514.75 Dirhams per 1 gram, while 18 carat gold stood at 432.00 Dirhams. Further, the 24 karat per gram gold rate is 556.00 Dirhams.

Kalyan Jewellers Gold Rates Today

At Kalyan stores in Dubai, 24 carat gold rate is at AED 556.00 per 1 gram, while 22 carat gold is at AED 514.75 per gram. Further, 21 carat and 18 carat gold rates stood at AED 493.50 and AED 423 per 1 gram.

Joyalukkas Gold Rates Today

In Dubai, 24 carat gold price is at AED 556 per 1 gram at Joyalukkas. Further, 22 carat and 18 carat gold prices are at AED 514.75 and AED 423 per 1 gram.

iGold Rates Today

iGold is owned and operated by Kuber Jewellery LLC, one of the leading jewelers in Dubai, UAE. On May 3rd, 24 carat gold price stood at AED 556.49 per 1 gram and silver rate was at AED 10.02 per 1 gram.

Malabar Gold Rates Today:

At Malabar, 1 gram gold is priced at AED 514.75 in 22 carat and at AED 556 in 24 carat.

Gold Rates Outlook:

As per Ponmudi R, CEO of Enrich Money, here's how gold prices will perform in global market and Indian market:

Spot Gold Price Outlook

COMEX Gold is trading near the $4,620-$4,650 zone, showing mild consolidation with a slight negative bias after failing to sustain higher levels. Immediate resistance is seen at $4,700-$4,760, while a stronger hurdle lies near $4,850-$4,920; a breakout above these levels is required to revive bullish momentum. On the downside, $4,580-$4,520 remains a key support zone, and a break below this could extend weakness toward $4,400-$4,360. Overall, the trend remains constructive with a cautious near-term bias, with strength dependent on a breakout above resistance.

Gold Rates In India Outlook

MCX Gold futures are trading near the Rs1,51,000-Rs1,52,000 zone, indicating consolidation, with near-term momentum moderating while the broader structure remains cautious. On the downside, Rs1,48,000-Rs1,47,000 acts as immediate support; a break below could extend weakness toward Rs1,45,000-Rs1,43,000, with deeper support near Rs1,40,000-Rs1,38,000.

On the upside, resistance is seen at Rs1,54,000-Rs1,55,600, followed by Rs1,57,300-Rs1,58,400; a sustained breakout is needed to revive bullish momentum. The trend remains cautious, with dips likely to attract buying interest as long as key supports hold.

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