Since the price of gold in the United Arab Emirates has increased by over Dh100 per gram in the last year, many locals consider their gold jewelry purchases to be among their greatest financial choices. The price of the 22K gold variety ranged from Dh279 to Dh290 per gram last summer. On Wednesday, the price per gram was more over Dh380.
The price has been climbing gradually since the third quarter of 2023, according to statistics from the World Gold Council. In the first quarter of 2025, the price per ounce increased by almost $800 year-over-year. According to data, the average price of gold in 2023 was $1,928.5 an ounce in the third quarter, and it increased to $1,971.5 in the fourth quarter.
Rajitha views her gold jewelry purchase as both financially astute and emotionally significant. “I consider it to be among my most profitable investments. Gaining Dh100 per gram over the course of a year is significant, particularly for something I also like wearing.
Jewellery is an emotional and material asset,” she continued. For pure investment, coins and bars are excellent, but jewelry provides both beauty and personal fulfillment. A marketer and sales executive named Pooja S., who has lived in the UAE for a long time, also bought gold jewelry last year when the price of 22K gold was Dh277 per gram.
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