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Gold Prices Drop in Dubai After Eid Sales Peak

  • Publish date: Saturday، 07 June 2025
Gold Prices Drop in Dubai After Eid Sales Peak

Gold buyers in Dubai got a bit of relief this Eid. The 22K gold rate didn’t climb closer to AED 380 a gram, which was a real concern just a day earlier. Instead, the price settled at AED 373.75, dropping from the AED 378 range it touched around midday yesterday.

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That price spike did dampen some Eid buying enthusiasm. Many regular shoppers, especially those who traditionally buy jewellery during Eid, chose to wait and see how prices move before making a purchase. And with today’s closing rate expected to hold for the weekend, all eyes are on where gold heads next.

Could Prices Go Back Up?

It’s still a bit of a rollercoaster. Gold rates have been unpredictable, and there’s every chance the price could inch back up to AED 375 or higher today. For many shoppers, especially those for whom buying gold during Eid is a tradition, price won’t stop them, but for others, even a AED 2 or AED 3 swing makes a difference.

According to traders in Dubai’s Gold Souq, there’s already a healthy number of visitors from Saudi Arabia and other GCC countries in the market. This could lead to strong jewellery sales today and into the weekend, even at current prices.

Gold Prices Drop in Dubai After Eid Sales Peak

Evening Price Watch

Jewellery retailers say tonight’s price movement could be key. If the latest US jobs and economic data show positive signs, it could influence global gold prices and potentially soften rates here.

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

Monthly Instalment Options

For those who want to lock in prices but aren’t ready to pay in full, monthly instalment plans could be a smart move. Many jewellery stores in the UAE offer 12-month payment schemes, letting you pay in manageable chunks and collect the gold at the end. Some retailers even throw in an extra month’s value for free.

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