Dubai’s gold jewellery market has experienced a significant drop in demand in 2025. The demand for gold jewellery in the UAE fell by 15% this year. Experts attribute this decline to record-high gold prices hitting new milestones daily.
The price of 22K gold in Dubai surpassed Dh600 per gram for the first time, while global gold prices crossed the $5,500 mark per ounce. Despite the dip in volume, gold’s value demand actually increased in all markets. This rise happened because the high gold price offset the lower quantity bought.
The trend indicates that while fewer people are purchasing gold jewellery, the total spending on gold remains strong owing to soaring prices. The precious metal continues to draw attention as prices surge to all-time highs. This shift greatly impacts buyers and sellers in Dubai’s gold and jewellery market, adjusting the landscape for luxury goods this year.
The evolving situation highlights Dubai as a key hub in the global gold trade, facing new challenges created by shifting market conditions. Stay tuned to Questiqa World News for more latest updates.
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