DUBAI — Gold prices in Dubai, often referred to as the world’s “City of Gold,” remain closely watched by traders and consumers alike as geopolitical tensions and global economic uncertainty continue to influence demand for the precious metal.
As of the latest market indications, 24-carat gold in Dubai is trading roughly between AED 610 and AED 623 per gram, while 22-carat gold is around AED 555–580 per gram depending on the time of day and retailer margins. These prices fluctuate several times daily in line with the international gold spot market, which itself has been moving sharply due to currency movements and geopolitical risk.
Despite the current volatility, availability of gold in Dubai remains strong. The emirate acts as one of the world’s most important bullion trading hubs, linking African, European and Asian gold markets. Retail gold jewellery prices typically track the international price closely, often with only a small premium of about 4–5 dirhams per gram to cover retail costs and making charges.
However, recent tensions in the Middle East have created logistical complications. Dubai is a major global transit point for gold shipments, and disruptions to air traffic during the regional conflict briefly slowed bullion flows into and out of the emirate.
Be that as it may, the Dubai Gold Souk and the wider UAE jewellery market remain well supplied. Traders report that inventories held by refiners, wholesalers and jewellery retailers are sufficient to meet demand from both residents and visiting buyers.
For many international purchasers particularly from South Asia Dubai continues to offer one of the most liquid and competitive gold markets in the world, even during periods of global uncertainty.
