emirates7 - On Monday, gold prices remained elevated, with 22-karat trading at Dh411.25 per gram and 24-karat at Dh444, following a Dh3 increase before the weekend that made purchases even less affordable for many consumers.

In India, 24-carat gold rose to ₹11,215 per gram, while 22-carat reached around ₹10,280 per gram.

A “new normal” for UAE buyers
Despite record levels, jewellers in the UAE note that customers are not abandoning gold but are instead adjusting to higher prices as the new standard—especially for important cultural events such as weddings and festivals.

On the global stage, gold gained for the fifth consecutive week after the US Federal Reserve announced its first interest rate cut of the year. Spot gold was trading at $3,688.40 per ounce on Monday morning, just $20 below last week’s all-time high.

The Fed’s 25-basis-point reduction has boosted demand for gold, a non-interest-bearing asset, while markets still anticipate nearly two additional cuts later this year. So far in 2025, prices have surged 40%, driven by safe-haven buying amid geopolitical tensions, US tariffs, and robust purchases by central banks.