UAE gold price may drop to Dh360, as bullion markets show signs of softening. Shoppers in the UAE are waiting for another price dip before buying again.
Many UAE residents visited gold stores during the Eid Al Adha weekend. Despite high prices, UAE shoppers tried to take advantage of existing offers at malls and souqs.
UAE jewelry retailers say more buyers are looking for price dips. The UAE market sees this patience as a shift from casual shopping to investment behavior.
UAE traders say the Dh369 per gram for 22K discouraged heavy Eid buying. They note fewer Indian and Saudi tourists spending on gold in the UAE.
UAE retailers expect a gold demand rise if rates hit Dh360 or lower. This is when many in the UAE are likely to begin investing again.
UAE gold price may drop to Dh360, and traders view this as a key threshold. Many shoppers in the UAE see this level as their ideal entry point.
UAE’s Kanz Jewels’ director says Eid sales were below expectations. Most UAE shoppers waited for better deals or significant drops in local gold rates.
UAE residents are more cautious now, delaying gold purchases. They want ideal prices and believe gold in the UAE could soon become cheaper again.
UAE Summer Surprises and local promotions may also impact gold sales. Retailers across the UAE hope special offers will attract patient gold buyers.
UAE consumers are not rushing to buy jewelry at current levels. Instead, many in the UAE are considering gold bars and coins for long-term value.
UAE gold analysts say digital gold isn’t the first choice. Most UAE shoppers still prefer physical gold, especially when prices fall closer to Dh360.
UAE gold price may drop to Dh360 again, but timing remains uncertain. Buyers across the UAE are closely watching the global bullion trend this month.
UAE retailers believe promoting gold investment is key now. They suggest combining jewelry offers with options for gold coins and small bars across UAE stores.
UAE’s gold market is evolving. More people in the UAE now treat gold as an investment, not just festive purchases. The price drop could fuel that shift.
