Gold hits record highs: What UAE shoppers and investors need to know
<p><strong>Gold Hits Record Highs: What UAE Shoppers and Investors Need to Know</strong></p><p>Gold has smashed through record highs this month, leaving UAE buyers and investors debating whether to act now or wait. Global spot prices surged to <strong>$3,586 per ounce</strong>, with the UAE’s popular <strong>22-karat gold hitting Dh400 per gram</strong> — the highest ever seen locally.</p><h3>Why Gold is Surging</h3><p>Several global and economic factors are driving the rally:</p><p><strong>Weak US dollar</strong> – Makes gold cheaper internationally, spurring demand.</p><p><strong>Geopolitical tensions</strong> – Wars, trade disputes, and political uncertainty fuel safe-haven buying.</p><p><strong>Interest rate expectations</strong> – Anticipation of US Fed rate cuts in September is boosting gold.</p><p><strong>ETF inflows</strong> – Investors poured <strong>$5.5 billion into gold-backed funds in August</strong> alone.</p><h3>Global Demand: India Leads</h3><p>India’s MCX gold prices hit <strong>₹101,967 per 10 grams</strong>, up <strong>34% in 2025</strong>, driven by festivals and weddings. In contrast, Chinese investors have leaned toward equities, highlighting regional demand differences.</p><h3>Impact on the UAE</h3><p><strong>Jewelry buyers</strong> – Paying record amounts, especially ahead of weddings and festive seasons.</p><p><strong>Investors</strong> – Gold remains a reliable inflation hedge.</p><p><strong>Bullion & coins</strong> – Expats view gold as a safe store of value during uncertainty.</p><h3>What to Expect This Week</h3><p><strong>Volatility</strong> – Prices may swing sharply around Fed policy decisions.</p><p><strong>Local demand push</strong> – Weddings and upcoming festivals may push prices higher.</p><p><strong>Smart strategy</strong> – Long-term investors may buy on dips; short-term buyers should brace for higher costs.</p><h3>Bottom Line</h3><p>Gold has entered <strong>uncharted territory</strong>. For UAE shoppers, jewelry costs more than ever. For investors, the rally reinforces gold’s <strong>enduring appeal as a safe-haven asset</strong> in uncertain times.</p>