24K Drops Below AED 500/Gram in Dubai

Dubai’s 24-karat gold price fell below AED 500 per gram in late October 2025 after peaking during the Diwali period. As of October 28-29, 2025, 24K gold traded around AED 476 to 481.25 per gram (approximately USD 130), while 22K gold was priced around AED 440 to 445.50 per gram (about USD 120). This decline follows a sharp sell-off in global bullion markets, where gold prices tumbled below $4,000 per ounce amid easing safe-haven demand due to progress in US-China trade talks and other factors. The Dubai gold market’s shifts are significant for UAE expatriates and investors who use gold as both an asset and savings vehicle, as these price movements can influence buying decisions, investment hedging, or portfolio restructuring.