Dubai: Gold prices in Dubai today have witnessed a significant shake-up, dropping over Dh21 per gram from the all-time highs recorded just last weekend. After a frantic surge that captured global attention, a sharp gold price correction that Dubai investors were anticipating has finally arrived, as markets cool down before the New Year.
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Breaking: Gold Rates in Dubai Today (December 30, 2025)
The Dubai gold market update for this morning shows a distinct retreat in values across the board. The Dubai Jewellery Group (DJG) opened trading with noticeably lower figures, offering a reprieve for buyers.
Current Dubai gold retail rates indicate that the 24-karat variant, which peaked at a staggering Dh546.25 per gram on December 27, has retreated to Dh525.00.
| Gold Variant | Today’s Rate (Dec 30) | Record High (Dec 27) | Change |
| 24K | Dh525.00 | Dh546.25 | ▼ Dh21.25 |
| 22K | Dh486.00 | Dh505.75 | ▼ Dh19.75 |
| 21K | Dh466.75 | Dh485.00 | ▼ Dh18.25 |
| 18K | Dh400.00 | Dh415.75 | ▼ Dh15.75 |
*Check Dubai Jewellery Group (DJG) for real-time updates.
Why Did the Gold Price Drop?
Analysts attribute this sudden dip to a classic case of “profit-taking.” After the yellow metal surged nearly 6% earlier in December—driven by three consecutive US Federal Reserve rate cuts and heavy central bank buying—traders are now cashing in on those gains.
Market experts in the Deira Gold Souk suggest that while the drop is sharp, it is likely a healthy correction rather than a market crash.
“Liquidity is thin as we approach the New Year holidays,” noted a senior analyst at a Dubai-based commodities firm. “When volume is low, price swings become more volatile. We are seeing a pullback not just in gold, but across the precious metals complex.”
Silver Stabilizes After Volatile Plunge
It wasn’t just gold that saw action. Silver, often dubbed “gold’s poorer cousin,” experienced a massive 9% sell-off yesterday but has stabilized today, trading near $73 an ounce. The white metal had previously outperformed gold, driven by industrial demand and speculative interest in Asian markets, particularly China.
What This Means for UAE Shoppers
For residents who paused their jewellery purchases last week due to sticker shock, this dip offers a brief window of relief.
- Wedding Shoppers: Families planning weddings for early 2026 might find today’s rate of Dh486 for 22K (down from nearly Dh506) significantly more budget-friendly.
- Investors: While the price is lower, global fundamentals remain bullish. Geopolitical tensions and a softer dollar are expected to keep a floor under prices moving into January.
Outlook for 2026
Despite today’s drop, the long-term sentiment remains bullish. The gold price outlook 2026 suggests that while volatility will persist, the upward trend is supported by geopolitical factors and a softening US dollar.
“The long-term trend remains upward,” said a spokesperson for a leading local jewellery retailer. “We advise customers to dollar-cost average—buying small amounts regularly rather than waiting for the ‘perfect’ bottom.”
