Dubai Gold Prices Soar to New All-Time High of Dh399 per Gram
In a remarkable turn of events, gold prices in Dubai have surged to a new all-time high, reaching Dh399 per gram on April 16, 2025.
This increase comes as global gold prices crossed the $3,300 per ounce mark, driven by escalating trade tensions and a weakening US dollar.
Follow us on Facebook for the latest updates!
The rise in gold prices reflects broader economic uncertainties, particularly due to the ongoing US-China tariff war.
The precious metal’s value has risen significantly over the past week, climbing from Dh389 at the start of the week. Among the various gold variants, 22K is now priced at Dh369.5, 21K at Dh354.5, and 18K at Dh303.75 per gram.
Market analysts attribute the rally in gold prices to several factors, including geopolitical tensions and the flight to safety among investors.
Ole Hansen, head of commodity strategy at Saxo Bank, noted a 25% year-to-date rally in gold prices, raising questions about future trends.
Financial institutions have revised their forecasts, predicting that gold prices could reach $3,700 by the end of the year and potentially hit $4,000 by mid-2026.
As central banks continue to diversify their reserves and the global economic landscape remains volatile, demand for gold—traditionally seen as a safe-haven asset—has intensified.
Analysts suggest that the combination of a weaker dollar and rising inflation may further support gold prices in the coming months.
In this climate of uncertainty, gold remains a favored investment, with many investors turning to the yellow metal as a hedge against potential economic downturns.
As the market evolves, both traders and consumers are closely watching the fluctuations, eager to understand how these dynamics will shape the future of gold in Dubai and beyond.
For more updates, connect with us on WhatsApp!
Read more
- QIB Launches Visa+ to Transform Cross-Border Money Transfers in Qatar
- Doha Bank Launches Innovative Features in Corporate Mobile App
- Aspire Zone to Host First-Ever Aspire Beach Sports Festival in Qatar!
- Malabar Gold & Diamonds is Offering Free Gold Coins on Jewellery Buys!
- 32″ TV for Only 299 QR and More Offers at Paris Hypermarket, Qatar
Khaleej Times
