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Dubai Gold Prices Hit Record as 22K Crosses Dh400 for First Time

Dubai gold prices hit record highs amid economic shifts and global market dynamics in 2025

  • Publish date: Saturday، 06 September 2025 Reading time: 1 min read
Dubai Gold Prices Hit Record as 22K Crosses Dh400 for First Time

For the first time ever, Dubai’s 22K gold price has surged past the Dh400 mark, hitting Dh400.25 per gram on Saturday, according to the Dubai Jewellery Group.

Read More: The Gold Economy. Understanding Carats/Karats

The jump marks an all-time high for the popular gold category. Meanwhile, 24K gold rose to Dh432.25 per gram, while 21K and 18K traded at Dh383.75 and Dh328.75, respectively—also record levels.

So far in 2025, 24K gold in Dubai has leapt by Dh116 per gram, climbing from Dh316.25 in January to Dh432.25 now. Similarly, 22K gold gained Dh107.25 year-to-date.

Analysts note that rising gold prices often cool demand for jewellery and ornaments due to affordability concerns. However, UAE jewellers remain hopeful that the wedding season and upcoming festivals will help sustain sales.

The surge comes after weak U.S. job data heightened expectations of interest rate cuts by the U.S. Federal Reserve. On Friday, the U.S. reported only 22,000 jobs added in August, pushing the unemployment rate to 4.3%, its highest since 2021.

In global markets, spot gold traded at $3,586.76 per ounce, up 1%.

Aaron Hill, chief market analyst at FP Markets, cautioned that while markets expect significant easing, inflation remains a key risk:

“While I agree that the job market is beginning to show signs of strain, is 150 bps a little far-fetched, given that inflation is still persistently above the Fed’s 2.0 per cent target? Is this a case of the market getting ahead of itself here?”

With Dubai now seeing record-breaking prices, both buyers and sellers will be watching global economic cues closely in the coming weeks.

Read More: Where To Buy Gold In Dubai and More...

Read More: UAE Announces These Rules for Gold Sourcing

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