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2 clusters · 3 sources · 25 days · First seen · Last updated

Categories: BUSINESS

UAE gold market dynamics

Entities: Louise Street · United Arab Emirates · Dubai · World Gold Council

Overview

In early July 2026, gold prices in the United Arab Emirates slipped as global market weakness spread to the region's precious‑metal sector. By the end of the month, Dubai’s gold price had largely steadied, falling only marginally (about Dh2 per gram) while the 24‑karat price stayed near Dh492 per gram. At the same time, jewellery demand in Dubai fell 17 % year‑on‑year in Q2, reflecting consumer reticence amid high prices, even though the overall value of jewellery sales rose. Central banks continued to add to reserves, increasing their net purchases by 62 % to 289 tonnes, providing a modest underpinning for the market.

Timeline

  1. about 18 hours ago

    [BUSINESS] 3 sources
    Dubai Gold Prices Stable as Jewellery Demand Slumps 17% in Q2 2026

    Dubai gold prices slipped only Dh2 per gram while jewellery demand fell 17% in Q2 2026, though its value rose 22%; central banks added 289 tonnes to reserves, per World Gold Council.

  2. 26 days ago

    [BUSINESS] 2 sources
    UAE gold prices slip amid global market decline

    UAE gold prices dropped on 8 July 2026, with 24‑carat at 493.50 AED and the global ounce at $4,096, amid worldwide market declines.

Sources

gulfnews.com · interest.co.nz · KhaleejTimes.com