Gold Rate In Dubai Today

FAQ: Gold Rate in Dubai

What factors affect the gold rate in Dubai?

Multiple factors can have an impact on gold prices in Dubai, including fluctuations in global markets, speculation and investor activity, economic and political events, supply and demand for gold, currency exchange rates, and more. When global markets are unstable or when there’s demand for gold investments, prices can rise.

Is it possible to buy or sell physical gold in Dubai, or does one have to invest through paper assets such as ETFs or futures?

One can buy/sell physical gold (coins/bars) in designated spots throughout Dubai. For those interested in investing with paper assets such as ETFs or futures contracts, they can do so through the Dubai Gold & Commodities Exchange (DGCX). Additionally, one can take physical delivery of the purchased gold at several outlets distributed throughout the DMCC Free Zone.

Who sets the official gold rate in Dubai?

Dubai’s gold rate is based on market data provided by several precious metal exchanges including the DGCX and London Bullion Market Association’s (LBMA). Recommended retail gold rates are issued by The Dubai Jewellery Group (DJG) three times a day, at 9:00 AM, 1:30 PM, and 6:00 PM UAE time. These rates are given in UAE Dirhams per gram for 18 ct, 21 ct, 22 ct, and 24 ct gold jewellery at the retail level and reflect any changes in the international bullion market. These prices can be seen on Electronic Retail Jewellery Price Display Boards installed at DJG member stores. The Dubai Commercial Compliance & Consumer Protection Department supervises this process to ensure uniformity and transparency in gold jewellery pricing throughout Dubai.