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UAE Gold Market Set for Growth as Festive and Wedding Season Approaches

Mon, Aug 10, 2026(91d ago)Business

Jewellery retailers across the UAE are looking forward to a robust second half of 2026, driven by a convergence of traditional celebrations and a seasonal boost in tourism. Industry experts anticipate that the upcoming lineup of festivals, including Navratri, Diwali, and the year-end holidays, will reignite consumer interest. Combined with the peak wedding season and the arrival of cooler weather that draws visitors to the region, these factors are expected to translate into higher footfall and increased sales for showrooms nationwide.

To capitalize on this momentum, major retailers like Malabar Gold and Diamonds and Joyalukkas are focusing on customer-centric strategies, such as flexible payment options and innovative jewelry collections that bridge the gap between tradition and modern style. While recent fluctuations in gold prices have influenced buying habits, leaders in the sector remain optimistic that price stabilization will solidify buyer confidence. By pairing competitive pricing with transparent policies and attractive promotional offers, the industry is well-positioned to maintain the UAE’s reputation as a premier global hub for gold jewelry.

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