UAE Gold Prices Rise Up to Dh6.5 Per Gram as Bullion Demand Grows

UAE Gold Prices Rise Up to Dh6.5 Per Gram as Bullion Demand Grows. UAE gold prices rose this week for the first time after two straight weeks of declines. Gold gained between Dh3.75 and Dh6.5 per gram across carats in Dubai and Sharjah. The 24-carat rate is now Dh505.50 per gram. Why UAE Gold Prices Are Rising The gain follows a two-week slide in which gold fell by a combined Dh28.5 per gram. Even after this week's rise, prices remain below the levels seen before the decline. Traders say this is the main reason buying has picked up. Gold Bullion Demand Increases Market officials report stronger demand for gold bullion as traders expect further gains. Hossam Suleiman, Sales Manager at BTC UAE: Prices are still at attractive buying levels, and the latest increase has strengthened trader confidence in more gains. Ali Abu Al Hassan, CEO of Arab Gold and Jewellery Company: Demand for bullion and jewellery has grown because prices are lower than in previous months. Buyers are now purchasing for savings and investment, not only for gifts and adornment. Raj Bahi, Sales Manager at Mashu Gold and Jewellery Trading: This week's rise is small compared with the earlier declines. Some buyers are adding to their bullion holdings in expectation of further increases. What This Means for Gold Buyers in the UAE Traders see current levels as an entry point for both bullion and jewellery. Buyers should compare the gold rate in Dubai across retailers and check carat and making charges before purchasing. This article is for information only and is not financial advice. Frequently Asked Questions What is the 24K gold price in Dubai today? 24-carat gold is Dh505.50 per gram, up Dh6.50 from the end of last week. Why did UAE gold prices rise this week? Prices recovered after two weeks of declines, and growing bullion demand and expectations of further gains supported the rise. Is demand for gold in the UAE increasing? Yes. Demand for bullion and jewellery is up, and more buyers are purchasing for savings and investment.