The big picture:
Gold prices in Dubai slipped below AED 500 per gram for 24-karat gold, marking a notable retreat after reaching Diwali-season highs. The dip reflects softening global bullion markets and shifting investor sentiment toward other safe-haven assets.
What’s happening:
As gold demand stabilizes post-festival, both investors and regular buyers in the UAE are reassessing purchase timing, watching for further market corrections before re-entering.
Who’s involved:
- Jewellery buyers and expatriate investors in the UAE
- Gold retailers in Dubai
- Market analysts tracking global bullion flow and retail pricing trends
By the numbers:
- 24K gold: AED 481.25 (~US$130) per gram
- 22K gold: AED 445.50 (~US$120) per gram
Why it matters:
For GCC professionals, gold remains both an asset and savings vehicle. Price shifts like this create short-term buying and hedging opportunities, as well as insights for portfolio restructuring and personal finance planning.
