The Dubai Gold Rate has held steady for a second day at AED 369 per gram for 22K gold, positioning today as potentially one of the busiest gold shopping days in the UAE for 2025. This is also the lowest rate recorded since 23 April, when it dropped to AED 368.
“There was a noticeable surge in advance bookings as soon as the Dubai gold rate fell below AED 370 per gram,” said Abdul Salam K.P., Vice-Chairman of Malabar Gold & Diamonds, which is currently offering 150mg gold coins with every purchase worth AED 3,000. “We’ve observed that, due to elevated gold prices, many customers are focusing on lighter items, generally ranging between 10 to 15 grams. But the crucial point is that demand continues, despite the pricing.”
“Shoppers with tighter budgets are primarily purchasing gold coins and bars, as these involve minimal making charges,” added Abdul Salam K.P.
Retailers report that by the end of the day, customer footfall is expected to increase, though the total volume of gold sold may remain relatively modest. Still, sellers are welcoming the turnout in whatever form it takes.
