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Dubai Gold Prices Surge to New Record Highs

22K gold reaches Dh408 per gram in Dubai, with 24K at Dh440.5, as analysts eye $3,700 milestone amid global economic shifts.

  • Publish date: Tuesday، 09 September 2025 Reading time: two min read
Dubai Gold Prices Surge to New Record Highs

Dubai’s gold market witnessed another record-breaking day on Tuesday, with prices of the yellow metal climbing to historic highs across all categories.

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According to Dubai Jewellery Group data, the 22K variant surged Dh2.75 per gram to reach Dh408.0, while 24K gold rose Dh3 to Dh440.5 per gram. The 21K variant edged closer to the Dh400 milestone, trading at Dh391.0 per gram, and 18K opened at Dh335.0.

The surge reflects a broader global rally in gold prices, with spot gold crossing the $3,650 mark and trading at $3,655.32 per ounce at 9:30 a.m. UAE time. Analysts now expect the metal to test the next key milestone of $3,700 per ounce.

“Over the past week, gold bulls have been unstoppable, with prices breaking through the $3,600 level. Weak US nonfarm payrolls, political turbulence in Japan, central bank gold buying, and ongoing geopolitical risks have collectively supported the upward move,” said Dilin Wu, research strategist at Pepperstone.

Market experts suggest the rally could continue in the medium term. Linh Tran, market analyst at xs.com, said gold remains in a strong uptrend: “In the medium term, gold’s primary trend tilts positive if a genuine monetary-easing cycle takes shape; in that scenario, a lower-rate environment combined with a weaker dollar will continue to support the metal.”

Analysts also note that easing US monetary policy, central bank buying, and a weaker dollar are bolstering prices, though investors should remain cautious of potential profit-taking after months of strong gains.

For UAE residents and investors, the question remains whether to sell or hold. Experts suggest holding, if possible, to maximize benefits, while keeping an eye on global data releases such as US CPI and PPI, which could influence price trends.

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