Dubai experienced an extraordinary surge in gold prices in January 2026, with 24K gold reaching a record high of Dh666 per gram on January 29. Although prices slightly fell to Dh664.5 per gram later the same day, this increase marks the most significant monthly rise in gold prices in 50 years. The price jump aligns with global trends, as gold crossed the $5,500 mark internationally.
Despite these soaring prices, the demand for gold jewellery in the UAE fell by 15% in 2025, mainly attributed to the increased costs. However, when measured in value terms, demand rose across all markets because higher prices compensated for the drop in sales volume.
Additionally, 22K gold prices surpassed Dh600 per gram in Dubai for the first time, reflecting a steady upward trend. This growth continues to draw attention from both investors and consumers, highlighting gold’s continued reputation as a safe investment amid fluctuating financial markets.
Key highlights include:
- 24K gold hit Dh666 per gram, a 50-year monthly price record.
- 22K gold prices exceeded Dh600 per gram for the first time in Dubai.
- UAE gold jewellery demand dropped by 15% in volume but increased in value.
- Global gold prices passed the $5,500 per ounce threshold.
These developments underscore the enduring appeal of gold as a secure asset choice. Stay tuned to Questiqa World News for the latest updates on this evolving market.
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