Gold prices in Dubai jumped sharply on Monday, with 24-carat gold rising by Dh5.50 per gram to around Dh603.75, up from Dh598.25 the previous day. The price of 22-carat gold also increased to Dh559.25 from Dh554.00, reflecting strong gains in international bullion markets.
The surge follows a global rally in gold as investors turned to safe-haven assets amid economic uncertainty. International prices have remained elevated, supported by a weaker US dollar and expectations of possible interest-rate cuts in the United States later this year, factors that typically boost demand for gold.
Gold prices in India have also climbed significantly, with 24-carat gold reaching about ₹158,840 per 10 grams and 22-carat around ₹145,600. Analysts note that such daily increases can quickly raise costs for shoppers, particularly wedding buyers and jewellery consumers across the Gulf and India.
