UAE gold prices surge again, opening at Dh422.75 per gram for 22-karat and Dh456.75 for 24-karat on Monday. This increase of Dh3 from weekend levels highlights the continued strength of the precious metal in regional markets.
Global gold prices surged closer to $3,800 per ounce, driven by geopolitical uncertainty and sustained investor demand. Analysts note that gold remains a safe-haven asset amid market volatility, which has contributed to the steady upward trend.
In India, gold prices also rose sharply. The 24-carat gold rate increased to ₹11,547 per gram, while 22-carat gold reached ₹10,585 per gram. The surge reflects both international trends and local currency dynamics.
Dubai gold markets previously hit record highs last week. The 24K and 22K rates reached Dh452.25 and Dh418.75 per gram, respectively, marking significant gains in a short period. Experts attribute this to continued strong demand from jewelers, investors, and central banks.
Market analysts highlight that gold’s global surge has lasted six consecutive weeks, signaling investor caution amid economic and political uncertainty. Factors such as inflation concerns, currency fluctuations, and global trade tensions have strengthened the appeal of gold as a portfolio hedge.
Financial advisors suggest that rising gold prices can have both domestic and international implications. In the UAE, higher gold rates could boost exports and jewellery sales while influencing consumer spending. Globally, investors may increasingly diversify holdings to include gold, impacting foreign exchange and commodities markets.
Traders also observe that central banks’ monetary policies and low-interest-rate environments have contributed to gold’s appeal. As a result, demand for physical gold and investment instruments such as ETFs remains robust.
Looking ahead, analysts predict that gold prices may continue their upward trajectory if global uncertainty persists. However, any stabilization in geopolitical tensions or interest rate adjustments could moderate gains. Investors are advised to monitor market developments closely to time purchases and hedges effectively.
Gold prices surge, therefore, not only reflects regional market dynamics but also global investor sentiment. The ongoing trend underscores gold’s enduring role as a strategic financial asset and a hedge against volatility.
