Dubai gold prices October 2025 reached new records, with 22-karat gold climbing to Dh437.25 per gram and 24-karat hitting Dh472.25 per gram as of Monday.
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Dubai gold prices October 2025 reached new records, with 22-karat gold climbing to Dh437.25 per gram and 24-karat hitting Dh472.25 per gram as of Monday.
Dubai gold prices October 2025 reached new records, with 22-karat gold climbing to Dh437.25 per gram and 24-karat hitting Dh472.25 per gram as of Monday. This jump follows bullion rallying past $3,900 an ounce on the global market, as investors responded to heightened uncertainty surrounding a potential US government shutdown and expectations of a Federal Reserve rate cut.
Internationally, gold peaked at $3,920.63 before settling near $3,905.54, powered by safe-haven demand and the lack of US economic data due to the Washington standoff. With central banks facing policy-setting challenges, traders increasingly anticipate a quarter-point Fed rate cut by the end of the month—benefiting non-yielding assets like gold.
Gold’s meteoric 50% price surge in 2025 is driven by geopolitical and economic instability, ongoing interest rate speculation, and central bank buying to hedge against the US dollar. Top banks such as Goldman Sachs and HSBC foresee the metal breaching $4,000 per ounce in the near term if current trends persist.
Local jewellery traders and retail buyers in Dubai are cautious but acknowledge that further price increases are possible if international pressures escalate. For now, gold shoppers in the UAE are contending with record-high prices at the counter, with many monitoring the situation in the hope of future market clarity.
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