Dubai Gold Price Reaches Record High of Dh388 on Season’s Opening Day
Dubai, September 1, 2025 — The gold price in Dubai has surged to a new all-time high, hitting Dh388 per gram for 22K gold, surpassing the previous record of Dh383.75 set in June.
For 24K gold, the price is now Dh419 per gram as shoppers and retailers grapple with the implications of this significant increase.
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The latest price surge comes at a critical time for the UAE gold and jewelry market, coinciding with the South Indian festival of Onam, which typically drives up demand for gold.
Over the past nine months, the price of 22K gold has risen dramatically from Dh294.5 per gram at the start of the year, reflecting an increase of over Dh90.
Abdul Salam K.P., Vice-Chairman of Malabar Gold & Diamonds, noted that these record prices present challenges for both consumers and retailers.
As the new season begins, retailers are adjusting their inventories, focusing on lighter weight ornaments to accommodate customer budgets.
With uncertainty surrounding the demand during Onam, retailers are looking ahead to the upcoming Diwali and Dhanteras festivals in October, hoping for a rebound in sales.
The recent price fluctuations have been attributed to global market trends, with investors responding to economic concerns and potential interest rate changes by the US Federal Reserve.
As the gold market continues to evolve, both shoppers and retailers remain watchful of future price movements, hoping for stabilization in the coming weeks.
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