Gold rates in Dubai are falling, and shoppers couldn’t have asked for better timing. Today, 22K gold is priced at Dh367 per gram, while 24K stands at Dh396.25, the lowest rates seen in the past week. Experts believe prices might dip even further in the next 24 to 48 hours, possibly touching around Dh360 for 22K.
With Akshaya Tritiya, one of the biggest gold buying festivals, around the corner on April 30, UAE shoppers are already making their moves. Jewellers say early bookings have picked up, with buyers locking in today’s lower prices ahead of the festival rush.
How gold prices have been fluctuating
While today’s prices are attractive compared to the past week, gold was even cheaper earlier this month. On April 7, 22K gold had fallen to Dh331.5 per gram, and 24K was at Dh356.25.
Since then, international events like US tariff announcements and a weakening dollar have pushed prices up and down. At one point, Dubai gold rates soared to Dh388 for 22K and over Dh400 for 24K.
Special deals in stores
To sweeten the deals, Dubai jewellers are rolling out special promotions:
- Up to 50 per cent off on making charges
- Zero making charges on selected gold coin purchases
Globally, gold bullion is trading at around $3,280 an ounce, down from $3,318 last Friday.
Another $30–$50 drop would make it even better for buyers.