Dubai shoppers are being warned about gold jewellery scams following dramatic fluctuations in gold prices in early 2026. After reaching a record high of over $5,500 per ounce in January, gold prices dropped sharply to $4,400 an ounce last month. This volatility has led scammers to target buyers with offers of gold jewellery at nearly 70% off the usual prices.
Experts emphasize that such deals are often fraudulent and can result in significant financial losses. To avoid falling victim to these scams, consumers should:
- Buy gold only from trusted and reputable dealers
- Verify the authenticity of the jewellery before making any purchase
- Stay informed about the current gold market trends
Meanwhile, authorities in Dubai are stepping up efforts to crack down on illegal gold trading and enhance protections for customers. With the gold market remaining unpredictable, it is essential for shoppers to stay vigilant and cautious.
For ongoing updates and reliable news on this matter, stay tuned to Questiqa World News.
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