Dubai gold shoppers have reasons to celebrate this week as gold prices continues to dip ahead of the popular Indian festival of Alshaya Trithiya, which is observed on April 30 every year. The Dubai Gold rates today are at the lowest levels seen over the past seven days, marking the gold price for 22k gold stands at Dh367 per gram, while 24K is priced at Dh396.25.
Market analysts and jewellers predict there could be even deeper price declines within the next 24 to 48 hours, with hopes that rates could fall to around Dh360 per gram for 22K gold. “This is the best buying opportunity we have seen recently,” said a Dubai-based jeweller. “Early bookings to lock in prices ahead of Akshaya Trithiya have already picked up during the weekend, and shoppers are optimistic about further reductions.”
Buying Momentum Ahead of Akshaya Trithiya
Akshaya Trithiya is traditionally considered an auspicious time for purchasing gold, often triggers a surge in gold buying across Indian communities worldwide. Retailers in Dubai report that UAE residents are increasingly stepping up their purchases in anticipation.
“Many shoppers have already secured early bookings to ensure they don’t miss out if prices drop further,” a jeweller added. “With the festival just days away, the timing of the price dip could not be better.”
Read the last week gold prices updates: Gold Price Drops in Dubai: Shoppers Rush to Book for Akshaya Trithiya
How the Dubai Gold Rate Has Moved
Despite the current enthusiasm, it is important to note that gold prices have been fluctuating significantly throughout April. The Dubai gold rate had previously reached highs of Dh388 per gram for 22K and crossed Dh400 for 24K at one point.
In contrast, the lowest point for the month was recorded on April 7, when 22K gold fell to Dh331.5 per gram and 24K to Dh356.25. “A lot of factors have influenced the pricing this month,” said a commodities analyst. “From the U.S. announcement of new tariffs to the weakening dollar following comments by President Trump, these global developments have played their part.”
He added, “Today’s rate of Dh367 is still attractive for those looking to invest in gold.”
Lower Making Charges Sweeten the Deal
In addition to falling gold prices, retailers are offering substantial cuts on making charges to encourage purchases. Some promotions include up to 50% discounts on making charges, and in certain cases, complete waivers on gold coin purchases.
“Retailers are rushing to attract customers by slashing making charges or offering complimentary gold coins with minimum purchases,” said a jeweller. “When buyers realize they are saving more dirhams on the making charges, it makes the overall purchase feel even more worthwhile.”
Also Read: Dubai Gold Rate Surges Above Dh370: More UAE Shoppers Turn to Smart Monthly Gold Instalment Plans
Global Bullion Market Trends
Globally, gold bullion is currently trading at $3,280 an ounce, a decline from last Friday’s close of $3,318 an ounce. Analysts suggest that a further dip of $30-$50 an ounce could make conditions even more favourable for shoppers.
“After weeks of higher rates, buyers are finally seeing an opportunity,” said a bullion trader. “If global prices continue to slide slightly over the next two days, local rates could fall further, helping boost gold sales during the festive week.”
Read more: Gold Price in Dubai Surges by Dh7: Shoppers Surprised as Akshaya Trithiya Approaches
Outlook for Shoppers
With Akshaya Trithiya around the corner and gold rates moving in the buyer’s favour, Dubai’s gold market is buzzing with optimism. Retailers are expecting a sharp spike in purchases as residents aim to make the most of lower prices and attractive promotions.
For now, all eyes are on the next 48 hours, as shoppers and traders alike wait to see whether Dubai’s gold price will drop even further — just in time for the festivities.
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