Dubai Gold Prices Cross Dh600 Per Gram, Setting New Record High
Dubai’s gold market reached a historic milestone on Saturday, with prices surpassing Dh600 per gram for the first time. The surge reflects strong international demand for precious metals amid ongoing economic uncertainties.
According to data from the Dubai Jewellery Group, 24-karat gold traded at Dh601 per gram, continuing a streak of record highs over the past five days. Global bullion prices, which approached $5,000 per ounce, have been a key driver behind the rally.
Other gold karats also set new records:
- 22K: Dh556 per gram
- 21K: Dh533.5 per gram
- 18K: Dh457.25 per gram
- 14K: Dh356.75 per gram
Market analysts say the rise highlights gold’s appeal as a safe-haven investment, especially during times of global economic volatility.
For UAE residents, the record-breaking prices present a prime opportunity to sell or trade gold, as the market remains above a psychological threshold that historically attracts heightened trading activity.
Dubai, renowned for its vibrant gold trade and souks, continues to be a regional hub for precious metals, with investors closely monitoring international market trends.
