SAMVELLI MARKET EDIT · SERIES NO. 022 | UAE · WEEK OF SEPTEMBER 28 – OCTOBER 2, 2026
Gold and Silver Finish Lower as Precious Metals Ease Into the Weekly Close
A concise weekly view on Friday market references, AED context, and thoughtful jewelry buying.
Pure . Elegant . Timeless
MARKET MOOD — MEASURED / SOFTER
§ 01 — FRIDAY MARKET REFERENCE
Gold and Silver — October 2, 2026
Gold and silver finished Friday lower on the latest Kitco reference following the October 2 session. For UAE readers, the figures below also provide an approximate AED context while maintaining a measured perspective on short-term precious-metals movements.
GOLD / TROY OZ
~$4,140.80
Bid $4,139.80 / Ask $4,141.80
~AED 15,207.09 midpoint
SILVER / TROY OZ
~$60.40
Bid $60.27 / Ask $60.52
~AED 221.80 midpoint
§ 02 — MARKET VIEW
A Softer Finish to the Week
Kitco’s October 2 reference showed gold at USD 4,139.80 bid and USD 4,141.80 ask, with the displayed daily change at -USD 36.70, or -0.88%.
Silver stood at USD 60.27 bid and USD 60.52 ask, with the displayed change at approximately -USD 0.59, or -0.97%.
The broader precious-metals reference also showed platinum at USD 1,691.00 bid and USD 1,701.00 ask, while palladium stood at USD 1,152.00 bid and USD 1,192.00 ask.
The softer Friday close is a reminder that precious-metals markets can move meaningfully from one session to another. For jewelry buyers, however, market pricing remains only one part of the value of a finished piece.
§ 03 — WHAT THIS MEANS FOR JEWELRY BUYERS
Market Prices Move. Meaning Endures.
Short-term precious-metals movements can provide useful context, but thoughtful jewelry buying should remain grounded in a much broader perspective.
Craftsmanship, proportion, finishing, comfort, design quality, personal significance, and long-term wearability remain essential considerations when selecting a piece of jewelry.
§ 04 — FEATURED THIS WEEK
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Kitco precious-metals references following the Friday, October 2, 2026 session.
Gold and silver midpoints are calculated as (bid + ask) ÷ 2. UAE references use the Central Bank of the UAE USD/AED rate of 3.6725 for October 2, 2026.
The figures shown provide general market context only and should not be interpreted as investment guidance, an official benchmark fixing, or a SAMVELLI product-pricing reference.