Dubai is experiencing a 15% decline in gold jewellery demand for the year 2025, primarily caused by record-high gold prices. The cost of gold in Dubai has been escalating, with 22K gold prices surpassing Dh600 per gram for the first time.
On a global scale, the price of gold has exceeded the $5,500 mark, which has further contributed to the rise in local prices in Dubai. Despite the drop in the volume of gold jewellery purchased, the total value of sales has increased across all markets. This suggests that the higher prices are compensating for the lower number of buyers, maintaining a strong market value.
The current trends reflect how soaring gold prices are influencing consumer behaviour in Dubai’s gold market. Jewelry buyers are showing hesitation as prices reach unprecedented levels. The market is now confronting challenges in trying to balance the demand and pricing within an evolving economic landscape.
Key points:
- Gold jewellery demand in Dubai has dropped by 15% due to high prices.
- Price of 22K gold has crossed Dh600 per gram.
- Global gold prices surpassed $5,500, pushing local prices higher.
- Total sales value increased despite lower volumes.
- Consumer hesitation due to soaring costs affects market dynamics.
Stay informed with Questiqa World News for the latest updates on this evolving situation.
About The Author
