Dubai, UAE – After hitting record highs last week, gold prices in the UAE have slightly retreated, providing cautious buyers with a potential opportunity to invest. The 24K gold rate, which previously touched an all-time high of Dh451 per gram, has dipped marginally, while the 22K variant remains strong above Dh400 per gram.
Market analysts suggest that the minor pullback could indicate a larger correction in the near future, as global economic conditions, currency fluctuations, and geopolitical tensions continue to influence gold markets. Central banks’ demand for gold, ongoing Middle East tensions, and investor appetite for safe-haven assets have all contributed to the recent volatility.
Local jewelers are taking advantage of the dip by offering promotions, reduced making charges, and special deals on ornaments to attract both residents and tourists. Many shoppers are now closely monitoring gold trends, trying to determine the best time to make purchases.
Financial experts advise buyers to remain patient and watch market signals, emphasizing that gold remains a long-term investment and a hedge against inflation. The UAE continues to see strong demand for gold, particularly during festive seasons and wedding periods, keeping the market active despite the slight price correction.
With global investors and local buyers keeping a close eye on gold movements, the coming weeks could be decisive for those looking to buy or invest in the precious metal.