Gold Prices in the UAE: Is Dh400 per Gram the New Benchmark?
Dubai: Gold prices in the UAE have crossed the Dh400-per-gram mark for the first time, raising questions about whether this new price point will become standard.
As of May 29, 2025, 24-carat gold was trading at Dh400.25 per gram, driven by global economic uncertainties, including geopolitical tensions and changing U.S. trade policies.
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Analysts believe that gold prices are expected to stay above Dh400 in the medium to long term, driven by falling interest rates and rising demand from central banks.
Vijay Valecha, Chief Investment Officer at Century Financial, highlighted that although volatility may continue, the underlying factors suggest a steady increase in gold prices, potentially reaching $3,700 per ounce by the end of the year and $4,000 by mid-2026.
Experts advise potential buyers to monitor global economic indicators and consider gold not just as an investment but also for its emotional value during significant life events.
The ongoing demand for gold in culturally rich markets like the UAE reinforces its status as a preferred asset, even amid fluctuating prices.
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