Dubai gold rate for ‘Eid Al Adha’ offers start with price steady

As the Eid Al Adha focused gold and jewellery promotions start in the UAE, shoppers can take heart in one detail – the Dubai gold price remains in the Dh365-Dh369 a gram range for 22K. Currently, the rate is Dh367 with shoppers expected to wait a couple of more days to see if there is any chance for it to drop further.

 In Dubai, the Gold and Jewellery Group backed promotions will go all the way to June 9, with ‘half-back’ and gold exchange schemes expected to be the most popular.

This year, the UAE gold and jewellery retail sales had been under-performing for the most part because of the sudden and sharp increases in the metal’s price. Shoppers had been hoping for some price respite in June – but based on today’s trends, it’s all flat now.