Gold prices in Dubai reached a new peak as the 22K gold price Dubai climbed to Dh439.5 per gram on Monday, marking another record high for 2025. The steady rise reflects strong global demand and ongoing economic uncertainty.
According to Dubai Gold and Jewellery Group data, 24K gold also increased to Dh474.5 per gram, up Dh6 from the previous session. Meanwhile, 21K and 18K variants opened at Dh421.25 and Dh361.25 per gram, respectively.
In total, 24K gold has gained more than Dh158 per gram this year, while 22K gold price Dubai has surged by Dh146.5 per gram since January. Analysts say the rally is being fueled by fears of a potential U.S. government shutdown, a weaker Japanese yen, and expectations of further U.S. Federal Reserve rate cuts.
Spot gold was trading at $3,939.53 per ounce early Monday, crossing the $3,900 mark for the first time. Experts at HSBC predicted that gold could touch $4,000 per ounce in the near term, driven by geopolitical tensions, fiscal concerns, and increased institutional demand.
In Dubai, higher gold prices have prompted a shift in buying patterns. Shoppers are opting for lighter jewelry pieces, while investors continue to view gold as a safe and reliable asset.
With global market volatility showing no signs of slowing, traders expect the 22K gold price Dubai to remain strong through the coming weeks, supported by both investor confidence and steady retail demand.
