Gold Prices Reached all Time high in Dubai, Set a New Record
Gold is one of the most valuable metals in the world. Its demand is always high across the globe. People buy gold mainly for investment and jewelry purposes. These days, most people prefer to buy gold as an investment, and many also invest in government gold bonds, which are considered a very safe investment option.
If we talk about Dubai, gold there is around ₹7,000 to ₹8,000 cheaper than in India. That’s why people who live in Dubai or visit for tourism often buy gold from there.
One more thing to note is that gold purity in Dubai is better than in India, and it also has more shine.
When it comes to gold prices, they have almost doubled in the last one year and have now touched an all-time high. Here I am going to tell you about the gold price in Dubai.
Gold prices in Dubai have crossed Dh400 per gram for the first time, reaching an all-time high. This increase happened as global gold prices also rose sharply to over $3,340 per ounce.
Current Gold Rates in Dubai:
24K gold: Dh402.75 per gram
22K gold: Dh372.75 per gram
21K gold: Dh357.50 per gram
18K gold: Dh306.50 per gram
Globally, spot gold was trading at $3,342.22 per ounce, which is a rise of 3.72%. This jump is mainly due to the weak US dollar and ongoing trade tensions, including tariffs between countries.
Dubai and India Gold Price Comparison
Date | Caret | Dubai (In Dh)/gram | India (In Rupees)/Gram |
17.04.25 | 24 | 402.75 | 9731 |
17.04.25 | 22 | 372.75 | 8920 |
17.04.25 | 18 | 306.50 | 7299 |
Why Gold Price is Different in Dubai and India?
Yes this is the right question, why Dubai price and India price is different. The reason of price difference is tax. India tax is high due to the price of gold in India is higher than Dubai. This is the main reason that’s why price is differ from the Dubai. And also making charge on jewellery in different. In this situation who are leaving in Dubai they must have to buy gold in Dubai and when come back to India bring the Gold.
Why Are Gold Prices Rising?
According to Saxo Bank, there are several reasons behind the increasing demand for gold:
Central banks are buying more gold.
The US Federal Reserve has cut interest rates.
Governments are dealing with rising debt, imposing sanctions, tariffs, and investment restrictions.
Fears of recession and inflation are also pushing investors toward gold.
Demand in the market and more gold is buying from the market.
Saxo Bank added that gold is considered a safe and neutral asset. Unlike government bonds or currencies, gold is not affected by political issues or a country’s credit rating. It is accepted worldwide, making it a reliable investment, especially during uncertain times.
Investors Looking Beyond the US Dollar
Due to the weakness of the US dollar, many investors are also shifting their focus to other currencies like the Japanese yen.
Samira Farzad, from HF Quarters, said that hedge funds and asset managers are showing strong interest in the yen. They are buying more yen than they have since early 2021, as it is seen as a safe option during global economic tensions — especially with increasing worries about US-China relations and global trade stability.
Summary:
Gold has reached record-high prices in Dubai and globally as investors look for safe and reliable options amid global economic concerns and a falling US dollar. If you are thinking to buying gold then you should know the current price. We know Gold price changing every time and every day, so before going to buy we should idea about the current price. If someone thinking to buy gold for investment purpose then they have to buy 24 caret Gold.
Disclaimer:
This article is only for providing the information and for knowledge purpose. Vedkhabr not giving suggestion to buy or sell. Buy or sell is your own decision or you can contact with the expert.