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Dubai gold price near all-time high

Gulf News

|

May 27, 2025

The Dubai gold price remains close to its highest-ever level of Dh381.75 for a gram of 22 carats, raising concerns among both shoppers and retailers about whether it’s worth spending during the upcoming Eid Al Adha promotions.

- BY MANOJ NAIR

Yesterday, 22 carat gold was priced at Dh374.75 per gram, while 24 carat stood at Dh404.75.

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US Dollar – The view after the fall

We started 2025 as US Dollar bears and, thus far, the year has borne out as we expected. At its trough, the US Dollar Index (the 'DXY') fell by over 10 per cent since the start of the year before staging a modest rebound in recent months. This move has been driven by a combination of somewhat-mistaken 'De-dollarisation' fears and the more mundane driver of lower interest rates. Is Dollar weakness now behind us, or is this only the start of a larger move lower? We are of the view that further weakness is yet ahead, albeit after a breather.

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Iran announces discovery of major gold deposit

New reserves have been officially validated by ministry

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