On January 22, 2025, gold rates in the UAE are 24K at AED 333.25, 22K at AED 308.50, 21K at AED 298.75, and 18K at AED 256.00. The UAE’s gold market is vital in global trade, heavily driven by jewelry purchases and institutional investments. Despite possible challenges from economic shifts and digital trends, the outlook remains optimistic.
As of January 22, 2025, the gold rates in the United Arab Emirates are as follows: 24K gold is priced at AED 333.25 per gram, while 22K is at AED 308.50. Additionally, the 21K gold rate stands at AED 298.75, with 18K gold priced at AED 256.00. The UAE’s gold market continues to thrive, solidifying its status as a pivotal player in global gold trade.
The UAE has established itself as a significant hub in the global gold market, importing a substantial amount of gold, which constitutes over a third of its imports. In 2019, gold imports reached approximately $20 billion, highlighting a growing trend from previous years. The demand is predominantly driven by consumer purchases for jewelry, which account for nearly half of total transactions, while institutional investors also contribute significantly during economic uncertainties.
The UAE’s gold market is influenced by various factors including fluctuating oil prices and global economic health. The growing trend towards digital investment poses potential challenges, yet the nation’s strong infrastructure and government support signal a favorable outlook for its gold trading prospects. Overall, the UAE remains a critical center for gold transactions.
Original Source: www.emirates247.com
