Dubai Gold Prices Above Dh370; Diamonds Discounted Up to 75%

Dubai’s gold price has stabilized at Dh372.5 per gram, slightly down from Dh374 at the start of July.

Despite this, UAE jewelry retailers are launching significant summer promotions, including discounts of up to 75% on diamond jewelry.

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Retailers are targeting customers looking to invest or enhance their collections with bespoke pieces. Many shoppers are finding current gold prices more favorable compared to recent peaks above Dh380 per gram.

The ongoing promotions appear to be effective, with strong customer interest reported by jewelers.

The Dubai Gold Souk remains busy, as shoppers engage in the Dubai Summer Surprises (DSS) raffle, spending over Dh1,000 for a chance to win gold items.

As the summer season progresses, shoppers are encouraged to explore seasonal offers and discounts on both gold and diamond jewelry.

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