Dubai Gold Prices Soar to Dh429 per Gram, Then Dip Slightly
Dubai: On September 5, 2025, gold prices in Dubai soared to an all-time high of Dh429 per gram, before experiencing a slight decline later in the day.
According to data from the Dubai Jewellery Group, the price for 24K gold peaked at Dh429 before settling at Dh427.5. Similarly, 22K gold reached a high of Dh397 per gram, dropping to Dh395.75.
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The recent surge in gold prices has shifted consumer behavior, with budget-conscious shoppers increasingly favoring lighter, more affordable jewelry. Many have postponed purchases altogether due to the rising costs.
Samer Hasn, a senior market analyst, noted that spot gold was trading steadily just below its record highs, around $3,550 per ounce.
He pointed out that the recent price increases are largely driven by economic stability concerns rather than expectations of interest rate cuts.
As the market adapts to these fluctuations, there is a notable trend toward lightweight and affordable jewelry designs, appealing particularly to younger consumers.
Exclusive offers and promotions are also driving sustained interest in gold purchases, reflecting the evolving preferences of shoppers in the UAE.
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Khaleej Times
