Gold prices in the UAE recorded a slight dip on January 23, 2025, reflecting minor movements in the global bullion market and offering limited relief to buyers and investors. According to data cited by FXStreet, the decline was modest but noticeable across commonly traded weights and purity levels.
On the day, 24-karat gold, which is considered the purest form of gold, was priced at approximately AED 325.05 per gram. For larger quantities, 10 grams of 24K gold were valued at around AED 3,250.44, while the traditional tola—a unit widely used in South Asia and the Middle East—stood at nearly AED 3,791.25.
Here is a summary of the recorded rates:
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1 gram (24K): ~AED 325.05
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10 grams (24K): ~AED 3,250.44
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1 tola: ~AED 3,791.25
In addition to 24K gold, prices for other purity levels were also tracked. 22-karat gold (916), which contains 91.6% pure gold and is commonly used for jewelry due to its added strength and durability, was priced lower than 24K. Meanwhile, 21K and 18K gold, which have reduced gold content mixed with other metals, continued to trade at comparatively cheaper rates, making them popular choices for everyday jewelry.
Market analysts note that gold prices in the UAE are influenced by a combination of global factors, including movements in the US dollar, international interest rates, and geopolitical developments, as well as local demand tied to weddings, festivals, and investment trends.
Given that gold prices can change multiple times during the day, consumers and investors in Sharjah and across the UAE are advised to check with local jewelers for the most up-to-date rates before making any purchases or investment decisions.
