Gold prices in the UAE have jumped again, reaching their highest point in five weeks. On Thursday, April 11, the price of 24K gold touched AED 285.50 per gram. This sudden rise is mainly due to strong demand from local buyers and international market movements.
Whether you are a regular gold buyer, a tourist looking to take home a gift, or someone just keeping an eye on investment options—this news has caught the attention of many. Gold is not only seen as a safe asset but also holds cultural and emotional value in the UAE.
Why Are Gold Prices Rising?
There are two main reasons for the current surge in gold prices. First, international gold prices have been climbing due to global economic uncertainties. When investors around the world feel unsure about things like inflation, wars, or stock market crashes, many of them turn to gold. It’s considered a “safe haven” because it holds its value well.
Second, local demand in the UAE has gone up in recent weeks. Retailers in Dubai, Abu Dhabi, and Sharjah have all reported an increase in foot traffic and customer interest. Many buyers are stocking up on gold before prices go even higher.
Jewellery stores across the UAE say this is not surprising. Gold demand often picks up during festivals, holidays, or wedding seasons. Right now, the combination of cultural events and market trends is pushing more people to make purchases.
A Look at the Latest Prices
Here’s how gold rates stood as of April 11:
- 24K gold: AED 285.50 per gram
- 22K gold: AED 264.50 per gram
- 21K gold: AED 256.25 per gram
- 18K gold: AED 219.50 per gram
These rates are updated daily based on international prices and the strength of the US dollar. Even small changes in the global market can affect the UAE gold rates quickly.
Is It a Good Time to Buy?
This is the question on everyone’s mind. Should you buy gold now or wait?
Experts say that while gold is at a high point, it might still continue rising in the coming weeks. If you’re buying for a wedding or festival, or even just as an investment, it may be better to buy now rather than wait and risk paying more.
However, if you’re thinking about buying a large amount, you might want to follow the market for a few days to see if there’s a small drop. Keep an eye on the international news too—things like interest rate decisions by the US Federal Reserve or geopolitical tensions can cause gold prices to move.
What Shoppers Are Saying
Many UAE residents have been rushing to jewellery shops in places like Deira Gold Souk, Mall of the Emirates, and Sharjah Gold Market.
A buyer in Dubai said, “I had planned to buy gold later this month, but when I saw prices going up every few days, I decided not to wait. It’s a good time to buy, especially before wedding season starts.”
Another shopper in Abu Dhabi added, “Gold is never a bad investment. I like to buy small amounts regularly, and even if the price is a bit high now, I think it will go higher later.”
Retailers are also reporting a rise in tourists buying gold. The UAE’s gold is known for its purity and designs, which makes it a popular purchase among visitors.
Gold as an Investment
In recent years, more and more people in the UAE have been treating gold not just as jewellery, but as a financial investment. Unlike stocks or real estate, gold is easy to buy, sell, and store. It also doesn’t lose value quickly.
Some people buy gold coins or bars from jewellery shops and banks. Others invest in gold online or through gold savings plans offered by financial institutions.
Even during economic slowdowns or uncertain times, gold usually holds its value better than most other assets. That’s one reason why it’s often called a “safe asset” or a “wealth protector.”
The Bigger Picture
Gold is not just a local story—it’s a global one. Right now, international gold prices are at their highest levels in months. In US dollars, gold is trading close to $2,350 per ounce. That’s a big jump from just a few weeks ago.
The rise is driven by multiple global factors:
- Growing tensions in the Middle East and other regions
- Concerns about inflation in the US and Europe
- Hopes that interest rates will drop soon
- Weak performance in global stock markets
All of these reasons are making investors more interested in gold.
What’s Next?
Analysts expect gold prices to stay strong in the coming months. If global uncertainty continues, prices may climb even further. For UAE buyers, that means higher rates at local jewellery shops.
However, if the global economy stabilises and interest rates start to fall, gold prices might level off or even dip slightly.
For now, though, the mood in the UAE is clear—people are buying gold, and they’re doing it fast.
Whether you’re looking for a beautiful necklace or just want to protect your savings, gold is once again proving why it’s one of the most trusted assets in the world.
Also read: UAE’s ADIB Launches Green Loans for Cars and Lifestyle Upgrades
