Dubai: Dubai gold prices moved higher on Thursday morning, extending a strong rebound that has taken 24K gold back near Dh570 a gram after a sharp rise earlier in the week. (Check latest UAE gold prices here , alongside prices in Saudi Arabia , Oman , Qatar , Bahrain , Kuwait , and India .)

The 24K variant stood at Dh569.50 a gram at 10.48 am on Thursday, up from Dh566.50 on Wednesday. The 22K variant, which is the category most commonly used in jewellery purchases, rose to Dh527.25 a gram from Dh524.50.

The latest increase means 24K gold has gained Dh21 a gram since Monday, when it was priced at Dh548.50. The 22K rate has risen Dh19.25 over the same period, moving from Dh508 to Dh527.25.

For shoppers, the move narrows the buying window that opened earlier in the week, when Dubai gold prices briefly dropped closer to Dh546 for 24K and Dh505.50 for 22K.…