UAE Gold Prices Hold Steady: Time to Invest?

Dubai, UAE, June 11, 2025 – Gold prices in the UAE remained stable this week, with 24K gold trading at AED 369 per gram. As global uncertainties and expected US rate cuts drive interest, investors wonder if now is the moment to buy. Here’s what you need to know about gold’s role in your portfolio today.

Gold’s Current Picture

Prices are calm but firm:

• 24K gold stands at AED 369 per gram, with 22K at AED 342 per gram.
• Global spot gold is at $3,010 per ounce, down 3% from April’s peak of $3,500.
• In 2025, gold has risen 12% in AED terms, outpacing UAE stocks at 8%.

The steady market draws cautious buyers.

Why Investors Are Paying Attention

Several forces shape gold’s appeal:

• A 60% chance of a US Federal Reserve rate cut by September lifts gold, as lower rates make it more attractive.
• Tensions in the Middle East, especially between Iran and Israel, push demand for safe-haven assets.
• With Ramadan and Diwali approaching, UAE jewelers expect a buying surge.

These factors keep gold in focus.

Smart Ways to Invest

Experts share practical tips:

• Buy small amounts, like 1–2 grams monthly, to spread out costs over time.
• Set price alerts for dips below AED 360 per gram to snag deals.
• Mix physical gold, like bars or jewelry, with low-cost gold ETFs traded in Dubai.
• One advisor said, “Gold’s steady climb makes it a safe bet for patient savers.”

These strategies balance risk and reward.

Buying Gold in the UAE

The UAE offers unique perks:

• Shop at Dubai’s Gold Souq in Deira for competitive prices and no VAT on exports.
• Buy certified bars from Kaloti Precious Metals or Emirates NBD for guaranteed purity.
• Investment-grade bars carry 0% VAT, while jewelry has 5%, refundable at airports.

These advantages make the UAE a gold hub.

Risks to Keep in Mind

Challenges could curb gains:

• A stronger US dollar might weigh on gold prices, as it’s priced in dollars.
• Rising cryptocurrencies could pull younger investors away from gold.
• Central banks, like those in Turkey, selling gold reserves could flood the market.

Vigilance helps investors stay prepared.

Where Gold Is Headed

The future looks promising:

• Analysts predict 24K gold could hit AED 400–420 per gram by late 2025.
• Rate cuts and talks of BRICS nations exploring gold-backed currencies could fuel rises.
• An X post noted, “Gold’s holding strong—perfect for long-term plans.”

Gold’s outlook remains bright for steady investors.

Making Your Move

The choice depends on you:

• Long-term savers see gold as a shield against global risks and inflation.
• Short-term buyers should watch for price dips and market signals.
• Gold’s cultural pull in the UAE, from souks to weddings, adds timeless value.

Now could be a strategic time to act.