Eid Al Adha Gold Sales: UAE Shoppers Face Steady Prices

As Eid Al Adha approaches, gold sales in the UAE are struggling due to persistent high prices. Currently, the gold rate in Dubai stands at over Dh370 per gram for 22K, with minimal fluctuations throughout the week.

Despite typical Eid-related promotions, such as discounts on jewelry making charges, the high prices are dampening demand.

For more updates, connect with us on WhatsApp!

Retailers report that many shoppers have already made their purchases earlier this year when prices were slightly more favorable.

The average price resistance appears to be around the Dh360 mark, making it challenging for retailers to boost sales.

Interestingly, there has been a notable increase in younger investors opting for “digital gold” investments via stocks and trading platforms, reflecting a shift in buying behavior.

These investors view digital gold as a more accessible and liquid option compared to physical gold.

As the market navigates these dynamics, experts suggest that ongoing geopolitical developments and inflation concerns may keep gold prices elevated in the coming months.

Follow us on Facebook for the latest updates!

Read more

• Al-Futtaim Group is Hiring Technician for Bus & Trucks for Al-Futtaim Automotive in Qatar!
• Qatar Steps Up Enforcement Against Illegal Wildlife Trade in Bid to Safeguard Biodiversity!
• Qatar Strengthens Food Safety Oversight Ahead of Eid Al-Adha Celebrations!
• Gold Price in Qatar Market: 05 June 2025
• Qatar Riyal Exchange Rate Today: 05 June 2025