Gold price prediction: Will costs rise or fall this week in UAE?

13/10/2025 06:10 AST

Gold continued to hover at record prices, starting the new week on a high. After the metal reached $4,059 an ounce last week, it has opened at around $4,055 on Monday. Silver too jumped to $51 an ounce-its highest since 1980-before also cooling down.

So what does all this mean for buyers and investors in the UAE?

Gold prices in the UAE
In the UAE, 24K gold is priced at Dh487.75 per gram as of Monday morning, while 22K gold costs Dh451.87 per gram. Over the past two months, gold has gained more than Dh80 per gram.

At the start of October, 24K was trading at Dh466.75, and 22K was around Dh432.

Prices are now near record levels. That makes this week important-either gold continues its climb or sees a short break.

Why prices could go up
Higher inflation or lower interest rates in the US usually push gold higher.

Weakness in the US dollar makes gold cheaper for buyers in other currencies, including the dirham.

Safe-haven demand: if stock markets fall or political tensions rise, more people buy gold.

Why prices could fall
Profit-taking: traders may sell gold after its long rally.

Strong US economic data: if the economy looks solid, gold demand can slow.

Stable UAE dirham: Since it's tied to the US dollar, a strong dollar can limit gold gains here.

Outlook for the week
Gold prices in the UAE could move slightly higher - by around 1% to 2% - if global trends remain supportive. Still, a short-term dip is possible if investors continue selling to secure profits.

If prices rise, 24K gold could reach between Dh495 and Dh500 per gram, while a decline could pull it back to Dh470-Dh475 per gram.

Should you buy now?
If you're buying gold jewelry for the festive season, prices are already high but may rise a little more. If you're investing, you might wait a few days-any small correction could offer a better entry point.

Gulfnews