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Dubai Gold Prices Hit All-Time High as 24K Tops AED 405
A glittering Monday surprise as global economic tension fuels a golden rally.
- Publish date: Monday، 21 April 2025
Gold is making headlines — again. On Monday morning, Dubai's gold prices hit a brand-new peak, with 24K gold selling at AED 405.25 per gram, according to the Dubai Jewellery Group.
Read More: Where To Buy Gold In Dubai and More...
That’s right, Dh405 per gram — the highest we’ve seen yet.
For those eyeing other karats:
- 22K was priced at AED 375.25
- 21K traded at AED 360.00
- 18K came in at AED 308.50
This record-breaking price spike follows a global trend, with gold prices in Asia climbing to a jaw-dropping $3,370.17 per ounce. The surge comes amid heightened concerns about potential U.S. tariffs and President Donald Trump's public jabs at the Federal Reserve.
“Markets are already on edge due to escalating geopolitical tensions, and now concerns are rising that Trump's potential interference with the Fed could add another layer of uncertainty,” said Charu Chanana, Chief Investment Strategist at Saxo in Singapore.
Translation? Gold is becoming the safe haven again, and investors are clinging to it like it’s the last parachute on a free-falling plane.
Saxo Bank and Citi Research have both upped their 2025 gold forecast to $3,500 per ounce. And it's no wonder — whispers of interest rate cuts from the Fed are getting louder. According to Saxo Bank, “The futures market is pricing in the possibility of a 75–100 basis point rate cut before year-end.”
Why does that matter? Lower interest rates mean gold becomes a hotter asset — no yield, no problem when the alternatives aren’t paying either.
So whether you're stacking coins, planning jewelry shopping, or just love watching the market glitter, now’s the time to keep an eye on those karats.
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