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Gold Demand Soars in UAE After Price Drop

Resurgent Demand for 24K Gold and 22K Jewellery in UAE Amid Recent Price Drops

  • Publish date: Sunday، 29 March 2026 Reading time: 1 min read
Gold Demand Soars in UAE After Price Drop
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Demand for 24K gold for investment and 22K jewellery in the UAE has picked up after recent declines in prices, local jewellers have reported.

Read More: The Gold Economy. Understanding Carats/Karats

Gold prices in the UAE saw a significant drop over the past month, drawing renewed interest from buyers. On Sunday, 24K and 22K gold were priced at Dh541.25 and Dh501.25 per gram, respectively. This marks a decline of over Dh100 per gram, reflecting global trends in the precious metal market.

Jewellers noted that demand for 22K gold jewellery, in particular, had slowed earlier when gold prices reached all-time highs. Many consumers turned to lightweight ornaments as the soaring costs made heavier pieces less affordable. Similarly, record-high prices had curtailed interest among some residents in purchasing gold as an investment asset.

Globally, spot gold ended trading at $4,493.79 per ounce, showing an increase of 2.53 percent. However, prices remain below their peak of over $5,500. Analysts attribute this decline to the strengthening US dollar and rising oil prices, which have driven inflation in the United States. Economic pressures prompted the Federal Reserve to hold off on increasing interest rates, which has influenced the overall gold market dynamics.

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