Dubai gold prices have rebounded after losing over Dh20 per gram in October; is now the right time to buy?

Dubai gold prices opened higher on Monday, October 26, after a sharp decline earlier this month. The 24K rate rose to Dh484 per gram from Dh481.50 at the weekend, while 22K gold traded at Dh448.25, 21K at Dh429.75 and 18K at Dh368.25. Despite the recovery, 24K gold remains below its early-October level of around Dh500 per gram. Investors are watching the US Federal Reserve's policy decision later this week, while geopolitical tensions, oil prices and interest-rate expectations continue to influence bullion markets.

Are you planning to buy gold after October’s price drop, or are you waiting for prices to fall further? Share your views and gold-buying plans with us!