Dubai Gold Surge shaped trading momentum on December 1 as Dubai’s gold market recorded strong gains ahead of the National Day break. The increase signaled heightened seasonal demand and reflected global trends supporting the Dubai Gold Surge in the regional market.
The 24k benchmark increased to Dh511.50 during early trading. Retailers reported higher footfall as residents prepared for celebrations. The 22k price climbed to Dh473.75, marking a clear jump from earlier levels. Traders linked this movement to strong buying interest during the four-day holiday.
Holiday demand continued to influence the Dubai Gold Surge. Buyers responded to promotional activity and seasonal gifting traditions. Retailers noted steady purchases from both residents and tourists. Many visitors viewed Dubai’s regulated market as a dependable buying destination.
Market analysts highlighted global drivers behind the price rise. They said expectations of US Federal Reserve rate cuts increased investor appetite for gold. Lower interest rates usually weaken the dollar. Investors then shift toward commodities that provide stability.
Gold often gains when borrowing costs fall. Traders explained that rate-cut expectations strengthened bullion sentiment during the past week. Local prices mirrored global optimism and showed a gradual rise of more than Dh3 in recent sessions.
Global geopolitical factors also shaped the latest movement. Continuing Middle East tensions influenced investor sentiment across major markets. Analysts explained that gold attracts more buyers during uncertain periods. Central banks in emerging economies continued expanding their reserves, strengthening long-term demand.
Prices across 2025 increased by more than 55 percent. International institutions highlighted these gains as proof of persistent safe-haven interest. They said long-term trends suggest continued volatility in global markets. Many investors therefore maintain a strong preference for physical gold.
Dubai’s market remains sensitive to international shifts. Traders highlighted how global inflation concerns still influence daily price changes. They also noted how currency fluctuations increase uncertainty for regional buyers. These combined factors lift demand for bullion as a stabilizing asset.
Retailers expect strong activity during the remainder of the holiday. They said tourists often buy jewellery as gifts. They also pointed to Dubai’s competitive pricing, which attracts global shoppers. Festive purchases usually strengthen retail sales at this time of year.
Analysts believe prices may stay elevated in the coming weeks. They said gold could rise further if global rate-cut expectations intensify. They also pointed to potential geopolitical developments that might push more investors toward safe-haven assets.
Dubai’s jewellery sector prepares for a busy December. Retailers plan promotions to sustain momentum during the winter tourism season. They expect strong trade through the end of the year as shopper confidence increases.
