DUBAI GOLD | 12 FEBRUARY 2025

Given that Dubai is sometimes referred to as the “City of Gold,” the price of gold has remained a significant focus for Dubai’s dealers, investors, and consumers. 

Dubai’s distinct emphasis on gold pricing is a result of the Gold Souk’s lengthy history as well as the city’s appeal to gold buyers and investors because of its favourable tax policies. Dubai is a significant player in the global gold market because of its competitive gold prices across the globe and its position as a gateway between the East and the West.

Since gold is a commodity that is sold internationally, the price of gold in Dubai is greatly influenced by a number of factors, including as local demand, strength, and global gold prices. In Dubai, gold is sold according to its purity and weight. Additionally, some metrics, like the price of gold per gramme and tola, are especially motivating to gold buyers. The “tola,” which is equivalent to 11.6638 grammes, or 180 grains, is a traditional South Asian unit of measurement. Exchange rate fluctuations, global market movements, and local demand all affect gold prices in Dubai. Understanding the nuances of the gold market is essential for anyone interested in purchasing gold.

Gold is still well known for giving investors a more secure shelter in unpredictable times around the world. Gold will most likely remain in high demand given the continuous political upheaval and conflicts in the Middle East, Ukraine, and other regions. 

It’s important to keep in mind that gold’s reputation as a safe haven asset has allowed it to hold its value over time. Because gold is less volatile than other assets in uncertain times, it will always be in demand. When thinking about investments, your primary goal can be to generate income and wealth. But gold investments often serve a different purpose. Gold is considered a safe asset because of its track record of holding its value through global financial crises.

Gold does not provide cash flow or immediate returns like other financial investments do.