Gold prices in Dubai have increased once again, crossing DH370-per gram mark for 22k gold, a threshold that may motivate shopkeepers to reconsider their purchase plans. After weeks of relatively stable pricing, which encouraged stable demand, this rapid growth is transferring market sentiments such as consumer confidence began to return.
Gold prices climb fast: current rates and recent trends
By Tuesday afternoon, the price of retail gold in Dubai for 22k gold has jumped over DH7 in a few days. Now rates are standing:
- 24K gold: DH403.75 per Gram () $ 110)
- 22k gold: dh374.00 per gram () $ 101.85)
- 21k Gold: DH358.25 per gram () $ 97.60)
- 18k gold: DH307.25 per gram () $ 83.70)
This step upwards comes in a short time, when many UAE residents took advantage of prices around DH365.75 ($ 99.60), which now appears as a brief window of stability, locking their purchase. In recent weeks, jewelery retailers and gold suck had seen an increase in footfall, shopkeepers began shopping amid relatively quiet pricing. But with the rapid climb again with gold, many potential buyers are likely to be closed in anticipation of potential improvement.
Global driver behind price spikes
Price growth is not limited to UAE. After growing 0.9% on Monday, international spot gold prices rose for the second consecutive day, reaching around $ 3,322 an ounce in Asia on Tuesday, which increased by 0.9% on Monday. Talk to Gulf NewsVijay Walcha, Chief Investment Officer of Century Financial, blamed the reversal for several global pressures. “Despite the loss of recent risk-to-proclaimedness, gold has firmly overturned after testing and jumping the trendline for a long time,” Velka said. He further stated that the fears of the market are being stopped from global uncertainties including tension in international trade and monetary policy decisions: “Adding Gold’s safe-Haven appeal is the uncertainty around trade deals with major countries, including President Trump’s fresh tariff on Japan. With the Federal Reserve, the interest rates are expected to be cut at the end of this year, the gold is ready to attract even more attention in the coming weeks, ”said Walcha. Those who monitor the market have mentioned that the recent strength in gold is also associated with macroeconomic cue, especially the speculation around the decisions of the interest rate by the American Federal Reserve. Expectations of a rate cut have historically increased investors’ interest in non-shee-like property like gold.
Market spirit: what analysts and traders are saying
According to Vivek Dhar, an analyst at the Commonwealth Bank of Australia, Gold is one of the strongest performing wealth in the current global market environment. Dhar wrote in a client note, “Despite the recent disadvantage, Gold has the most short -term capacity, if the US dollar is weakening,” Dhar has written in a client note. Investors are also looking at the upcoming indicators, including the US Jobs report and the July 9 tariff deadline, which can affect the short -term direction of gold. Many traders believe that until prices are not much lower than $ 3,200 per ounce, a major improvement is unlikely. The internal sources in the market have reported that gold prices have increased by more than 25% so far this year, and the commodity is now less than $ 200 from its all -time high set in April 2025. Some analysts saw a brief decline of the previous week as a regular break in a otherwise upward trend, supported by ongoing geopolitical stress and inflation concerns that promote the demand for safe heaven assets.
What does this mean for UAE gold buyers
With gold near a new local peak, shopkeepers in the United Arab Emirates face a familiar dilemma, buy prices before proceeding, or wait for a possible pullback? Recent spikes can hesitate, especially for casual buyers or tourists. However, people who were locked in shopping at DH365.75 ($ 99.60) may have worked at the right time last week. Further, most analysts agree that while the instability is likely to continue, prejudice remains upside down, especially if the US rate cuts are physical or new geopolitical risks emerge. For now, the market is sending a clear indication: gold remains a safe-heaven property in a turbulent time, and those who wait for a very long time can pay more.
