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Dubai gold sales rise 10% during Eid al-Adha

By Pramod Kumar
The Gold Souq in Dubai. The 18-25 age group were said to account for a significant surge in purchases Alamy via Reuters
The Gold Souq in Dubai. The 18-25 age group were said to account for a significant surge in purchases

Gold sales in Dubai reportedly registered double-digit growth during Eid al-Adha, defying a rise in global prices.

Sales of the precious metal rose by 10 percent year on year during the Eid holiday period, driven by strong demand from locals and tourists, Tawhid Abdullah, chairman of the Dubai Gold and Jewellery Group, told Al Bayan, an Arabic daily.

He said that Eid remains a key period for gold purchases, reinforcing Dubai’s status as a regional and international gold trading centre.

Multiple offers from shops often drive these increased purchases during the period, the report said.

Sales to Asian buyers grew by 2 percent, Abdullah said, adding the 18-25 age group accounted for a significant surge in purchases, particularly among soon-to-be graduates.

Global gold demand increased 1 percent annually in the first quarter of 2025 to 1,206 tonnes, according to the World Gold Council report.

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