The UAE gold price drop has become one of the most talked-about highlights ahead of Eid Al Adha 2025. With prices falling to their lowest in several weeks, jewellery stores across the country—especially in Dubai—are witnessing a buying frenzy.
This drop, timed perfectly with the festive season, has made gold more accessible to thousands of residents and tourists who traditionally gift or invest in gold during Eid.
In Dubai’s famous Gold Souk, long queues and bustling shops are a common sight this week as buyers take advantage of prices dipping below AED 255 per gram for 22-karat gold.
Why Dubai Leads the Eid Gold Buying Rush
Dubai has always been known as a global gold hub. The emirate’s tax-free gold market, wide selection of jewellery, and high quality assurance make it a preferred destination for both residents and international visitors.
Thanks to the current UAE gold price drop, jewellery stores in places like Deira Gold Souk, Meena Bazaar, and major malls such as The Dubai Mall and Mall of the Emirates are reporting record footfall this weekend.
Mohammed Farid, a jeweller in Deira, said:
“We have seen almost 40% more customers this week. The drop in gold price combined with Eid offers has created the perfect shopping storm.”
Current Gold Prices in UAE
As of the weekend before Eid Al Adha, here’s a quick look at the average gold rates in the UAE:
- 24K gold: AED 275.75 per gram
- 22K gold: AED 255.00 per gram
- 21K gold: AED 246.00 per gram
- 18K gold: AED 210.75 per gram
These prices are the lowest seen in weeks, influenced by a combination of global market trends and local demand patterns.
What’s Driving the UAE Gold Price Drop?
The UAE gold price drop is not random. It’s driven by several key global and local factors:
- Global Market Correction: The international gold rate recently dipped below $2,300 per ounce, mainly due to a strengthening US dollar and stable interest rates.
- Reduced Inflation Fears: As inflation eases in key markets like the US and Europe, investors are pulling back from gold.
- Local Demand Surge: While global prices are falling, high demand in the UAE during Eid creates a unique short-term price dip.
Analysts expect prices to bounce back after the Eid holidays, making this window ideal for shoppers looking to buy at a bargain.
Traditional Importance of Gold During Eid
Gold plays a significant role in Eid celebrations across the UAE’s diverse communities. For many families, gifting gold is a part of tradition, symbolising blessings, prosperity, and good fortune.
Whether it’s a small pendant for a child, bangles for a daughter, or a necklace for a bride-to-be, gold is seen as both a meaningful gift and a smart investment.
Retailers Launch Special Eid Offers Across Dubai and UAE
Retailers aren’t just relying on the price drop to draw in buyers—they’re also rolling out limited-time Eid promotions. Here’s what shoppers can find this weekend:
- Zero Making Charges: On select designs and jewellery sets
- Gold Coin Giveaways: Spend a certain amount and receive a free gold or silver coin
- Discount Vouchers: Up to 25% off on next purchases
- Raffle Draws: Win a car, luxury vacation, or gold bars
- Flexible Installments: Buy gold now and pay in interest-free monthly installments
Prominent jewellery brands like Malabar Gold & Diamonds, Joyalukkas, Damas, and Kalyan Jewellers have all introduced Eid campaigns to cater to the rising demand.
Shoppers Speak: Why They’re Buying Gold Now
Many residents are grateful for the UAE gold price drop, saying it allowed them to stretch their budgets further this Eid.
Nazeera Khan, a Dubai resident from India, shared:
“We usually buy a small piece of gold during Eid. But with the current rates, we bought bangles for both my daughters and even a ring for myself.”
Tourists visiting from South Asia and the Gulf region are also taking advantage of Dubai’s competitive rates. Rahul Singh, a visitor from India, said:
“It’s cheaper here than back home. Plus, the designs are much better. We’ve bought gifts for our entire family.”
What to Watch Out for When Buying Gold
While the deals are tempting, shoppers are advised to stay alert and shop smart. Here are some tips:
- Check Purity: Ensure the gold is hallmarked and matches the karat weight.
- Compare Prices: Even a small difference in price per gram can affect the total.
- Understand Making Charges: These can vary between stores and significantly affect the final cost.
- Ask for a Bill: Always take a proper invoice with weight, price per gram, and VAT listed.
- Know the Exchange Policy: Some stores offer lifetime exchange, others don’t.
Eid Gold Buying Trends in Other Emirates
While Dubai is leading the gold rush, similar trends are being seen in Abu Dhabi, Sharjah, and Ajman. In Abu Dhabi’s Madinat Zayed Shopping Centre and Sharjah’s Rolla market, shoppers have also been crowding gold shops over the weekend.
Store owners across the UAE report strong sales, especially in:
- Gold chains and earrings (popular for gifting)
- Gold bars and coins (bought for savings and investment)
- Traditional and bridal sets (for upcoming weddings and celebrations)
Gold as an Investment During Eid
Beyond beauty and tradition, gold remains a safe and trusted investment. Many UAE residents use Eid price dips as a time to convert their savings into gold.
Financial advisor Leila Abdalla explains:
“Even if gold prices drop short-term, in the long run it always appreciates. Buying during Eid is both cultural and financially smart.”
What Happens After Eid?
Gold experts believe prices could see a slight increase after Eid Al Adha, as global demand rises and markets stabilize. However, major fluctuations are unlikely unless unexpected geopolitical or economic shifts occur.
This makes the current UAE gold price drop a time-sensitive opportunity for buyers.
Final Words: Don’t Miss Out on This Golden Opportunity
For anyone in the UAE looking to buy gold—whether for tradition, gifting, or investment—the timing couldn’t be better. With festive offers, reduced making charges, and a sharp UAE gold price drop, the value being offered this Eid is exceptional.
As jewellery stores remain open late into the evening during Eid week, shoppers are advised to visit early, compare offers, and act quickly before prices rise again.
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