Dubai Gold Prices Up Dh15 in 8 Days; Shoppers Turn to Installments

Dubai’s gold prices have surged by Dh15.25 over the past eight days, with the current price of a gram of 22K gold reaching Dh391.25.
This increase has raised concerns among shoppers as prices approach the Dh400 mark, a level not seen before.
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Jewelry retailers report a noticeable shift in consumer behavior, with many opting for lighter jewelry or digital gold purchases to manage costs.
The trend of rising prices is prompting shoppers to increase their installment payments, with some doubling their monthly contributions to secure more gold before prices climb further.
Experts predict that gold prices could continue to rise, with forecasts suggesting a potential peak of $3,600 per ounce in the near future.
As economic conditions fluctuate, including upcoming announcements from the US Federal Reserve, gold’s trajectory remains uncertain but seems poised for further increases.
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