The Dubai gold rates have reached an all-time high because 22k gold has already crossed Dh400 per gram for the first time in history on Saturday, 6th of September 2025. The Dubai Jewellery Group reports that 24K gold is now priced at Dh 432.25 per gram, while 22K gold has reached Dh 400.25 per gram. Similarly, 21K and 18K have also climbed to Dh 383.75 and Dh328.75 per gram.
Year-to-Date Gold Surge in Dubai
The gold price in Dubai has noted a sharp rise in 2025. Notably, 24K has increased by Dh116 that moving from Dh 316.25 earlier this year to Dh432.25 now. Similarly, 22K gained Dh107.25 year-to-date, which is a historic milestone.
Such a price surge could impact customer demand. Thus, it could lead to lower purchases of jewelry, coins, and ornaments. Hence, UAE buyers are still hopeful because the festival and wedding season is approaching. Therefore, many expect renewed buying interests despite the price surge.
Why Are Dubai Gold Rates Rising?
This increase in gold rates is not limited to Dubai. Actually, it is a part of the global trends. The prices saw a jump after a weak US job market raised expectations of the potential US Federal Reserve rate cuts. In addition, the US job figures on Friday showed that only 22,000 new jobs were created in August. However, the unemployment rate rose to 4.3%, which is the highest since 2021.
All these factors have pushed the spot gold to reach $3586.76 per ounce by gaining 1% in the global market. In addition, analysts believe that investor sentiment has been shifted towards gold as a safe-haven asset amid economic instability.
Expert Insights on the Market
Chief Market Analyst at FP Markets, Aaron Hill, noted that the markets are now pricing in 150 basis points of rate cuts by 2026 due to around 60 bps cut by the end of this year. However, he warned that stable inflation could slow down such aggressive rate-cutting expectations.
Hill explained, “While I agree that the job market is starting to show signs of strain, it is 150 bps a little far-fetched because inflation is still persistently above the Fed’s 2% target? Stubbornly higher inflation will indeed dent market expectations of faster cuts.”
Outlook for UAE Consumers
The Dubai gold rates today show a record-breaking moment for residents and tourists in the city. However, affordability concerns may dampen demand. Still, cultural traditions and festive buying patterns are expected to keep the gold jewellery sales steady in the coming months.
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