Gold prices in Dubai have shown remarkable consistency, experiencing a minor dip of only Dh2 per gram throughout the past month. As of Friday morning, 24K gold was trading at Dh491.75 per gram, while other variants like 22K, 21K, 18K, and 14K followed suit with proportionate pricing. This relative stability offers a bit of comfort to local buyers, even as global markets continue to navigate the lingering pressures of geopolitical tension and shifting monetary policies.

On the international stage, the gold market is seeing steady interest despite some price volatility. According to the World Gold Council’s latest Q2 report, global gold demand remains robust, highlighted by a record-breaking $380 billion in value during the first half of the year. While high prices have dampened consumer appetite for traditional jewellery, central bank acquisitions have surged, and investment activity remains strong. Looking ahead, experts anticipate that Asian investment and OTC activity will continue to play a pivotal role in shaping the market throughout the remainder of the year.