Dubai gold prices fell sharply minutes after hitting fresh records, mirroring a sudden downturn in global markets. In the UAE, rates dropped from Dh665 to Dh629 per gram, a Dh35 slide that tracked a rapid pullback in international prices. Global gold tumbled more than 5% after reaching $5,000 an ounce for the first time, as traders reassessed the rally that had pushed the metal to repeated all-time highs. For Dubai buyers, the sudden swing underlined how quickly global price shocks now feed into local bullion markets. READ MORE: Dubai Gold Rate At Highest In 10 Days – Hurts Pre-Holiday Buys