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2 clusters · 9 sources · 8 days · First seen 9 days ago · Last updated 2 days ago

UAE gold market demand trends

Overview

Gold demand in the United Arab Emirates experienced varied trends throughout the first half of 2026. During the second quarter, demand rose 25.3% quarter-on-quarter to 10.9 tonnes, fueled largely by a 32.5% increase in gold bar and coin purchases for investment and savings. Although jewelry purchases grew by 19.1% in Q2, total demand for the first half of the year was 14% lower than the same period in 2025, primarily due to a 34% year-on-year decline in jewelry demand.

Looking toward the latter half of 2026, retailers anticipate a surge in gold jewelry demand. Industry leaders expect growth driven by the wedding season, major festive celebrations such as Navratri, Diwali, Christmas, and New Year, and increased tourism during the winter months. Local gold prices also showed an upward trend in mid-August, rising to 519.03 AED per gram.

Entities

United Arab Emirates · UAE · Dubai · World Gold Council · Joyalukkas Jewellery

Timeline

2 days ago

[BUSINESS] 6 sources
United Arab Emirates gold demand rises 25% in Q2
UAE gold demand rose 25.3% in Q2 2026 to 10.9 tonnes, fueled by a 32.5% surge in gold bars and coins as investors seek savings and investment opportunities.
9 days ago

[BUSINESS] 3 sources
UAE gold jewellery demand expected to rise during festive and wedding seasons
UAE jewellery retailers expect increased gold demand in late 2026, driven by weddings, festive celebrations, and rising winter tourism.

Sources

bitcoinethereumnews.com · emirates247.com · english.mathrubhumi.com · inc42.com · kalingatv.com · khaleejtimes.com · kiteexperience.com · latestly.com · newsable.asianetnews.com