Gold prices in Dubai continue to climb, with 22K gold exceeding Dh350 per gram for the first time. Early trading showed 24K priced at Dh379 per gram and 22K at Dh350.75 per gram. Other variants, like 21K and 18K, were priced at Dh336.5 and Dh288.25 per gram, respectively. In just the first three months of 2025, the price of gold has risen by Dh62 per gram.
On the global market, gold reached $3,143.94 per ounce, up by 0.83%. This increase helped gold close the first quarter of 2025 with a near 20% rise. Linh Tran, a market analyst at xs.com, pointed out that several factors contribute to gold’s recent growth. These include concerns about US tariffs, global political instability, and expectations for interest rate cuts by the Federal Reserve. In addition, central banks around the world continue to demand gold.
“Gold is maintaining strong momentum due to concerns in the financial markets,” said Tran. She noted that the first quarter of 2025 saw gold’s largest quarterly gain in nearly 40 years. This gain, nearly 20%, shows the precious metal’s appeal as a safe-haven asset.
Tran emphasized that the growing market uncertainty and investor caution have made gold the preferred choice. As financial markets experience volatility, gold continues to rise as a defensive asset for investors.
