Gold price in Dubai stayed close to record levels this week. On Wednesday morning, 22K gold was priced at Dh418.75 per gram, while 24K gold traded at Dh452.25. The gold price in Dubai has risen sharply this month, climbing nearly 10% in just four weeks.
The rally comes after the US Federal Reserve cut interest rates for the first time this year. Lower rates have boosted investor demand for gold, while rising geopolitical tensions have also supported safe-haven buying. Spot gold was near $3,761 an ounce, only $30 below Tuesday’s record high.
The strong demand has left UAE buyers preparing for higher prices. Even small daily increases are making gold less affordable for shoppers. Analysts say heavy central bank buying and strong inflows into gold-backed funds have been key drivers. Almost 400 tons have been added to ETFs so far in 2025, marking the biggest inflows in three years.
The gold price in Dubai also reflects global confidence after reports that China may act as custodian of foreign sovereign gold reserves. This news has further lifted investor sentiment. Meanwhile, silver prices are also surging, making both metals among the best-performing commodities of the year.
Across the region, the Indian gold rate rose to ₹11,569 per gram for 24K and ₹10,605 per gram for 22K. With steady demand, experts believe gold could test new highs if economic risks and inflation concerns continue.
For now, Dubai’s gold market remains strong, with rates just below record peaks. Buyers are watching closely as prices continue their upward run.
