The “City of Gold” is living up to its name this week, but in a way that’s keeping shoppers smiling even after the festive rush. Following a sharp global sell-off, Dubai’s gold rates have fallen significantly, bringing prices down to levels not seen in recent months.
For residents and tourists who waited through the Eid buying season, the latest dip is turning into a second opportunity. With 22K gold slipping below the Dh490 per gram mark, jewellery stores and souks are continuing to see steady interest, even as the peak festive demand begins to ease.
