Dubai gold prices surge in 2025: 22K crosses Dh295 per gram
Global spot gold trading above $2,633, showing strong performance
Dubai’s gold market continues its upward momentum as 2025 kicks off, with significant gains reported across major gold categories.
According to the Dubai Jewellery Group, 24-karat (24K) gold rose by Dh1 to trade at Dh319 per gram, while 22-karat (22K) gold climbed by Dh0.75, reaching Dh295.25 per gram.
Other popular variants, including 21K and 18K gold, were priced at Dh285.75 and Dh245 per gram, respectively, in stores across the emirate.
Globally, spot gold was trading at $2,633.97 per ounce, marking a 0.36% increase at 9:05 AM UAE time.
Dubai gold prices
The price hikes come after gold registered its largest annual gain since 2010, rising by over 27% in 2024. Analysts attribute this strong performance to reduced interest rates, heightened geopolitical tensions, and tariff-related uncertainties.
Market experts predict sustained price increases as the US Federal Reserve hints at slower rate cuts, while investors await US job market data for further cues. The global economic climate, including renewed geopolitical concerns, has bolstered gold’s appeal as a safe-haven asset.