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HomeNewsDubai Gold Prices Drop to Lowest Since May 30, Attracting Cautious Shoppers

Dubai Gold Prices Drop to Lowest Since May 30, Attracting Cautious Shoppers

The Dubai gold market has seen a notable shift as the Dubai gold price has dipped to its lowest since 30 May 2025. So, the dig has attracted many buyers who were waiting for the price drop. After a week of subdued customer interest, the price correction has attracted shoppers to the gold shops again. Keep reading to know more about this change in the Dubai gold market. 

Dubai Gold Prices Hit 30-Day Low – A Golden Weekend for Shoppers

This weekend might be the perfect time to purchase gold if you are planning to buy it. The Dubai gold price has dropped to its lowest in nearly a month, which has given relief for the gold shopper. As of now, the price of gold of 22K gold stands at Dh 365.5, and 24K is priced at Dh 394.5 per gram. 

This is the lowest gold price after spending most of this month above Dh 370 levels for 22 K. Interestingly, there was a moment on Friday evening when analysts and retailers noticed a drop of Dh 2 and 3 per gram. However, the price later stabilized at Dh  365.5 per gram. 

Still, this change might be minor for bulk buyers or those shopping for weddings and investments. However, this downward trend shows signs of easing for local buyers in Dubai.  

Sustained Drop in Gold Prices Offers Welcome Relief

The recent drop in the gold price is not just a dip of one day. However, it shows the most sustained growth seen in recent weeks.  Surprisingly, there were strong indications in mid-June that the price of 22k gold might cross the Dh 390 mark for the first time. In fact, the highest it climbed was to Dh 383.75 per gram, which stopped many buyers from buying it. 

Now, the gold market is witnessing a more favorable market due to the gold price has dropped sharply. You might be surprised to learn that this trend is not limited to the United Arab Emirates (UAE). 

The price of one tola has dropped to Rs. 104,969, which shows a 4 percent drop in a week. In addition, the global correction in the gold price is bringing relief for people like you if you were planning to purchase this valuable asset for a wedding or an investment.

Gold Price Drop Boosts Shopper Traffic and Market Sentiment

Retailers across the United Arab Emirates, especially in Dubai, are beginning to see a positive change in shopper traffic. The jewelry shop source stated that there was a slight but steady increase in the number of shopper to their store after clarifying that gold prices were dropping a little significantly. 

Abdul Salam K. P., Vice-Chairman of Malabar Gold & Diamonds, stated that the gold market shows optimism when prices fall to a certain level Dh365.5. He further mentioned that customers who are on the last stage of the summer holiday buying got a wonderful relief in the price. In addition,  he mentioned that people are enjoying such prices after a long time. 

Many people are hoping that this trend will continue into the next week, when the global market will open. Some of the growing activity came at the beginning of Dubai’s summer.  

What will be the right gold price in the UAE?

Clearly the shopper of gold in the United Arab Emirates (UAE) needs a price that they are comfortable with. However, the price above Dh 370 is what all buyers will call comfortable. Anil Dhanak (Managing Director at Kanz Jewels) shared that the price around Dh 350 to 355 would be rated as being shopper-friendly. He further said that if everything is as it is, we could see Dubai gold price going around that satisfactory level.   

Will the Gold Price Drop Last? All Eyes on Global Markets

Gold buyers are getting it at the lowest price since May 30, 2025. People expect that this trend will continue. However, there is no confirmation if it will continue. Indeed, the tension in the Middle East has eased now. Still, there are some concerns about the effect of the US tariff on the global economy that could impact the Dubai gold price. 

This week gold correction of around $60 drop per ounce happened due to the trade deal between China and the US. However, that momentum got halted after President Donald Trump announced that the trade deal between them and Canada was being put on hold. 

In short, the global factor will determine whether this trend will continue or not. As of now, people should enjoy the price drop in gold this weekend. 

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