Gold prices stay near record highs in UAE markets, with the 22k gold price at Dh411.25 per gram on Monday. The 24k gold rate also held strong at Dh444 per gram after a Dh3 weekend rise.
These high prices are squeezing buyers’ budgets, yet jewellers report steady demand. Many shoppers in the UAE now see these levels as a “new normal,” especially during weddings and festivals where gold is culturally important.
In India, 24-carat gold reached ₹11,215 per gram, while 22-carat gold stood around ₹10,280 per gram. Buyers in Saudi Arabia, Oman, Qatar, Bahrain, and Kuwait are also closely following these shifts.
Globally, gold has risen for the fifth straight week after the US Federal Reserve cut interest rates by 25 basis points. Spot gold traded at $3,688.40 an ounce, just $20 below last week’s record high. Experts say further rate cuts could give the yellow metal more support this year.
The surge in demand is also fueled by geopolitical tensions, safe-haven buying, and strong central-bank purchases. In 2025 alone, gold prices have jumped nearly 40 percent, showing how global trends are shaping retail markets in the UAE.
For now, the 22k gold price at Dh411.25 highlights how buyers are adjusting to record levels. Despite the pressure, cultural needs and investment choices are keeping sales active.
