People who bought gold in Dubai three years ago have made nearly three times their money. Gold jewellers in the UAE are confirming this. Back in 2023, gold was priced around $1,800 per ounce. Today, it is trading close to $4,500 per ounce. That is a massive jump in just three years.
This story came out of the 57th Watch and Jewellery Middle East Show held in Sharjah. Jewellers from the UAE and across the world came together to discuss the gold market and changing buyer habits.
Mohammed Tamjid Abdullah, founder of Jawhara Jewellery, spoke clearly about this. “Today gold is close to $4,500 an ounce. Three years ago it was around $1,800. So you would have made three times your investment,” he said.
Young Buyers See Gold Differently
Gen Z buyers are now treating gold as a way to save money, not just wear it. Abdullah noted that younger people have realised gold is a safe place to park extra cash. If you visit everlist.ae, you can explore more about the UAE lifestyle, shopping, and investment trends in one place.
Because gold prices have gone up so much, buyers now prefer smaller and lighter jewellery. Thin chains, small rings, and simple earrings are trending. Heavy gold sets popular with older generations are less common today. “The trends became more dainty, smaller, and lighter weight pieces to maintain the look with lower weight,” Abdullah added.
Customisation Is the New Trend
Mohammad Rahma Alshamsi, a third-generation jewellery owner, said demand for personalised pieces has grown. “The demand is more on personal customisation,” he said. Shoppers want jewellery made just for them, not mass-produced designs.
Sellers from India and Turkey were also present at the event. Indian jeweller Janesh Khanna said many buyers back home are trading old gold instead of buying new. But the UAE market has stayed strong and active. Dubai’s many luxury destinations, including its world-famous Shopping Malls In Dubai, continue to attract both tourists and serious investors who combine leisure with smart financial decisions.
What Experts Are Saying About Prices
Turkish jeweller Ercan Durur believes prices will rise again. “According to me, for the future, it is going to be more expensive than now,” he said. Some buyers are currently cautious due to recent price drops, but long-term confidence in gold remains high.
Gold is currently trading around $4,101 per ounce, slightly below its peak this year. This small drop has brought more shoppers back into stores across Dubai. Many smart investors also keep their gold savings tied to strong financial institutions. The Banks in Dubai offer secure options for storing and growing your wealth alongside physical gold investments.
Dubai’s Economy Supports Gold Investment
Dubai’s economy is built on trade, tourism, and investment. Gold fits right into that mix. The city is home to some of the biggest financial institutions and businesses in the region. To understand the full business picture, exploring the Top Companies In Dubai gives a clear view of which sectors are leading growth right now.
Gold remains one of the most trusted assets in the world. Whether you are buying your first piece or adding to a portfolio, Dubai continues to offer one of the best gold markets anywhere on the planet.
