Dubai, UAE – May 15, 2025
Gold prices in Dubai have dipped to their lowest in 30 days, with 22K gold priced at Dh352 per gram, marking a significant decrease of Dh8.25 in just 24 hours. This decline is attributed to a sharp fall in global bullion rates.

Despite this drop, many UAE shoppers remain hesitant, recalling prices from March when rates dipped below Dh340 per gram. Retailers note that even with reduced or waived making charges, consumer demand remains subdued.

"Shoppers have been sitting on the sidelines this week," said a jewellery retailer. "The sentiment among shoppers is that the Dubai gold rate can drop even further."

Industry experts suggest that a realistic price for gold would be between $3,000 and $3,100 per ounce, while the current level hovers around $3,150.

Retailers anticipate that continued price softness may lead to promotional offers ahead of the summer holidays. "If these savings can help lower the per gram price by another Dh3-Dh5, then that can help shoppers," noted a retailer.

For now, consumers are closely monitoring the market, hoping for further declines before making purchases.