This latest surge comes just days after gold rates in Dubai hit prior peaks of Dh418.75 for 22K and Dh452.25 for 24K, showing the intensity of this upward trajectory.
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This latest surge comes just days after gold rates in Dubai hit prior peaks of Dh418.75 for 22K and Dh452.25 for 24K, showing the intensity of this upward trajectory.
In a dramatic move, gold prices in the UAE surged to fresh record highs on Monday, with 22-karat trading at Dh422.75 per gram and 24-karat at Dh456.75, marking an increase of Dh3 from levels before the weekend. The rally is closely following global trends, where gold has climbed past $3,800 per ounce, fueled by economic uncertainty and investor demand for safe-haven assets.
This latest surge comes just days after gold rates in Dubai hit prior peaks of Dh418.75 for 22K and Dh452.25 for 24K, showing the intensity of this upward trajectory. Saudi Arabia, India and other gold markets are also reporting parallel increases, with Indian 24K gold touching ₹11,547 per gram and 22K at ₹10,585.
Analysts point to several drivers behind the jump. Concerns over a possible US government shutdown have rattled markets, increasing speculation that the Federal Reserve may shift toward rate cuts—moves that often boost gold’s appeal as a non-yielding asset. In the UAE, investors view the metal as a hedge against currency volatility and inflation, especially in times of global economic stress.
The continued climb in gold prices is putting pressure on budgets of UAE buyers, including households looking to buy jewelry or gold bars. As prices stretch affordability, many buyers are adapting by purchasing smaller amounts, watching minor dips, or locking in rates via deposits to guard against further increases.
Looking ahead, gold is expected to maintain momentum. Some forecasts suggest it could soon cross “unprecedented” levels as the global market remains volatile and investors continue flocking to safe-haven assets.
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