Dubai gold prices have dropped to their lowest level in 30 days, now sitting at Dh356 per gram for 22K gold. This decline comes on the heels of a sharp dip in global bullion rates, with Dubai’s local rate shedding Dh3.75 in the past 24 hours. Despite the noticeable drop, many UAE shoppers are still holding back, waiting for a further decrease before making any major purchases.
The hesitation isn’t entirely unfounded. Just two months ago, gold prices in Dubai hovered around Dh340 per gram—levels that many shoppers are eyeing before they decide to buy. The recent dip has sparked discussions, but the general sentiment is clear: a better bargain might be just around the corner.
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