Dubai’s gold market delivered a big surprise in 2025. The price of 24-carat gold rose by more than Dh200 per gram, climbing from Dh318 on January 1 to Dh520 on December 31. This means an increase of roughly 63.5 percent in one year. Investors and residents holding gold saw their wealth grow significantly. The 22-carat gold price also jumped from Dh294.50 to Dh481.50 per gram. Even 21-carat gold rose by Dh176.75 per gram. The newer 14-carat gold, introduced late in 2025, had a smaller gain of 2.3 percent. Several reasons pushed gold prices higher. Global investors and gulf central banks moved money into gold to protect against market uncertainty and geopolitical risks. Gold’s 2025 rally was the strongest since the late 1970s, with prices rising nearly 70 percent worldwide. Lower US Federal Reserve interest rates made gold more attractive as a safe asset. The UAE’s Central Bank increased its gold reserves by about 26 percent to nearly $7.9 billion in 2025, showing gold’s strategic value. For Dubai residents and investors, this surge meant real gains. The Gold Souk, famous for jewellery and bullion trade, saw prices near or above Dh520 per gram late in the year. Some price drops happened due to profit-booking, but overall gains were strong. Jewellers and dealers noted rising interest, especially from expatriates and Middle Eastern investors. Dubai’s low making charges and taxes make gold buying even more appealing. Globally, precious metals hit record highs amid political and economic concerns. Gold topped $4,300 per ounce internationally. Major banks such as Deutsche Bank and Goldman Sachs expect continued strength in 2026, with prices possibly reaching $4,900 per ounce. Early 2026 data show gold prices holding near high levels. Analysts say gold will stay a key hedge and wealth preserver amid ongoing risks. In short, 2025 was a golden year for Dubai’s gold market. The sharp price jump was driven by global and local forces. As 2026 begins, gold remains a shining star for investors seeking safety and value.