Gold prices have increased again in Dubai, with 24-carat gold priced at AED 495.75 per gram and 22-carat at AED 458.75 on Friday, according to Gulf News.

Although prices dropped nearly six percent over the past two days, they rose by 0.3 percent on Friday. Despite slight corrections, gold remains about 55 percent higher year-on-year, as investors anticipate at least one interest rate cut by the US Federal Reserve before the end of the year.

Carsten Menke, head of Next Generation Research at Julius Baer, said the recent fluctuation is a healthy market adjustment, noting that emerging economies are increasing gold reserves to reduce dollar dependency.

In the UAE, retailers expect higher demand if 24-carat gold stays below AED 500 per gram.

Meanwhile, in Bangladesh, 22-carat gold is now priced at Tk 208,996 per bhori (11.664 grams), while 21-carat, 18-carat, and traditional gold are priced at Tk 199,501, Tk 170,994, and Tk 142,219 per bhori respectively.

Silver prices, however, have been reduced, with 22-carat silver now set at Tk 5,470 per bhori, down by Tk 735.