Gold Prices Up Dh100 per Gram in a Year: Gains for UAE Residents

Gold prices in the UAE have increased by approximately Dh100 per gram over the past year, prompting many residents to consider their gold jewelry purchases as one of their best investment decisions.

Last summer, the price of 22K gold ranged from Dh279 to Dh290 per gram, while it is currently priced at over Dh380.

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According to data from the World Gold Council, gold prices have shown a steady upward trend since the third quarter of 2023. The average price rose from $1,928.5 per ounce in Q3 2023 to $2,859.6 per ounce in the first quarter of 2025, marking a year-on-year increase of nearly $800.

Residents like Rajitha Nair and Pooja S. have noted the financial benefits of their gold investments, with Nair highlighting the emotional value of her jewelry, while Pooja pointed out the significant increase in costs for similar pieces today.

Experts recommend holding onto gold investments rather than selling at this point, as prices are expected to continue rising.

Jewellers have reported that the recent price increase is remarkable, with many clients benefiting from both the sentimental and financial aspects of their gold purchases.

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