Dubai’s gold prices have recently reached unprecedented levels, marking a significant milestone in the market. The price of 24K gold peaked at Dh664.5 per gram, narrowly missing the day’s all-time high of Dh666. This sharp increase represents the best monthly gain in 50 years, with global gold prices crossing the $5,500 per ounce threshold.
Impact on Gold Jewellery Demand
Despite soaring gold prices, the demand for gold jewellery in the UAE has declined by 15% in 2025. This drop in quantity purchased indicates that buyers have become more cautious due to the record-high prices. However, in terms of value, demand has actually increased. This means that while fewer pieces are being bought, the higher prices are compensating for the lower volume.
Notable Price Points
- The price for 24K gold reached Dh664.5 per gram.
- For the first time, 22K gold exceeded Dh600 per gram in Dubai.
Market Dynamics and Investor Interest
This situation highlights a dynamic market environment where pricing and demand are moving in opposite directions. The rising prices have made investors more interested in gold as a safe haven amidst economic uncertainties. Dubai remains a key market to watch, reflecting broader global trends in gold pricing.
What Buyers Should Consider
- Understand the impact of rising gold prices on the affordability of jewellery.
- Recognize that higher prices may lead to purchasing smaller quantities or different types of gold investments.
- Keep an eye on continuing market trends for potential price corrections or further increases.
- Consider consulting with market experts to develop effective buying or investment strategies.
As the gold market evolves, consumers and investors in Dubai are advised to stay informed about these changes and their implications. For the latest updates and in-depth coverage, continue following Questiqa World News.
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