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Express Tribune
25-04-2025
- Business
- Express Tribune
UAE gold buyers turn to smart instalment plans amid rising prices
A tourist is looking at the gold items in Dubai shop display. PHOTO: GULF NEWS Listen to article Dubai's gold prices remain locked at glittering highs — with 22K gold hovering at Dh373 per gram and 24K at over Dh440 — yet that hasn't stopped UAE residents from flocking to jewellery stores. Instead of impulse splurges, they're opting for a more calculated route: monthly gold instalment plans. Faced with historic highs — with global prices edging towards $3,500 an ounce — shoppers are donning their investor hats. Leading jewellers across the Emirates have reported a spike in interest for their pay-as-you-go gold schemes. These flexible plans, often starting below Dh1,000 a month, allow buyers to accumulate credit over time, which can later be redeemed in coins, bars, or handcrafted pieces — and often with incentives thrown in. "The monthly instalment schemes have seen a surge in popularity," said one major retailer. "We're even seeing tourists and non-residents enrolling — it's about smarter, long-term accumulation rather than spontaneous purchases." Dubai resident Mandar Khatoo, who's now in his second year of the plan, noted, 'There's no pressure to buy at the end of 12 months. I can extend it, and I even got a one-month bonus added on. It's a win-win while we wait for prices to cool.' What's driving this disciplined approach? According to the World Gold Council, 2024 saw a drop in traditional jewellery sales but a notable uptick in gold bar and coin investments. The trend reflects a wider transformation: UAE consumers are no longer just buyers — they're strategic investors. 'Search trends show that 'Buy Gold' queries from UAE users have hit a five-year high,' said James Campion from eToro. 'This signals rising consumer confidence in gold, even at elevated prices, as a resilient store of value.' Since gold broke the Dh300-per-gram barrier in October 2024, it has climbed over 30%, outshining many traditional investments. Now, rather than gamble on market dips, UAE residents are laying the groundwork for future buys — one monthly payment at a time. With gold's ascent showing few signs of slowing, it seems the UAE's glittering obsession is evolving — from passion to portfolio.
Gulf News
25-04-2025
- Business
- Gulf News
Dubai gold price sticks to Dh370 plus levels - more UAE shoppers opt for 'monthly instalments'
Dubai: The Dubai gold rate continues to stick to over Dh370 for a gram of 22K (and Dh440 plus for 24K) – but that has not prevented UAE's resident-shoppers to see what they can do to make best use of the near-peak prices. In recent days, more of them are signing up for the monthly gold instalment schemes offered by leading jewellers here. The average monthly instalments are in the Dh1,000-Dh2,000 range, but shopper-investors can even go below Dh1,000 to make a start. At the end of a certain period, they can recoup those payments in any form of gold they want – coins, bars or jewellery and with the retailers throwing in some incentives of their own. 'The monthly instalment schemes have been the most popular option with UAE residents, especially after gold hit $3,500 an ounce,' said a jewellery retailer who is giving the instalment option. Essentially, these shoppers are only 'delaying' their next purchase of gold until such time they feel prices have dropped to levels they are comfortable with. 'We even have non-residents who are regular visitors to the UAE opting to sign up for the instalment plans,' said the retailer. 'For many it's a realisation that rather than random gold buys, it makes better sense to build their way to the grams or jewellery they want.' Shoppers turn 'investors' For more than a year now, jewellery retailers and entities such as World Gold Council have been saying that shoppers in the UAE and Gulf have 'refined' their ways in buying the metal. Which explained why gold bars and coin sales did remarkably well even as overall jewellery sales fell during 2024, according to World Gold Council data. And the process only got bigger with gold prices going its merry way towards $3,500 an ounce, which meant that the Dubai gold rate hit a peak of Dh388 a gram for 22K and Dh412 for 24K. "Google search data reveal that 'Buy Gold' search queries have reached a 5-year high from UAE-based searchers," said James Campion of the trading platform eToro. "This surge in online interest reflects growing consumer confidence in gold as a safe-haven asset despite elevated prices. "The Dubai gold rate has experienced an extraordinary journey since breaking through the Dh300 milestone in October 2024. "In less than six months, prices have increased by more than 30% - outperforming most other investment assets during the same period."
Mid East Info
14-04-2025
- Business
- Mid East Info
Dubai Gold Price Surges to All-Time High on Trump Tariff News - Middle East Business News and Information
James Campion, Popular Investor at eToro Gold hit all-time highs of AED 11,650 ($3,186) on Thursday, as the extraordinary activity in global markets over the past week continued. The White House announcement of a temporary pause on newly imposed global tariffs on Wednesday, provided momentary relief to volatile markets. Anxiety remains around further tariff increases on US-China trade, a flashing reminder of the 2018 market dynamic, which saw equity markets struggle under the pressure of a US-China trade war. James Campion, Popular Investor at eToro, said: The price of spot gold climbed back above its key AED 11,300 per ounce level, trading around AED 11,500 by late afternoon on Thursday, before going on to record highs, representing a 19.22% return year to date. This marks a recovery from a brief liquidity driven pullback on Monday, which saw gold touch AED 10,900, following a period of extreme volatility in global markets. Gold's reaction highlights its resilience in complex market environments. While the easing of broad trade tensions might typically reduce some safe-haven demand, the simultaneous intensification of the US-China conflict and the underlying inflation risks associated with tariffs continue to provide support for the metal. Investor appetite for gold has been robust. Global gold-backed ETFs saw massive inflows of US$21 billion (226 tonnes) in the first quarter of 2025, the second-highest quarterly dollar inflow ever recorded, according to market data. Gold remains my largest holding, the outlook looks bullish over the next 100 days. The combination of tariff-induced inflation risks and ongoing geopolitical uncertainty provides a robust foundation for gold prices. While the immediate pause of some tariffs brought some calm to wider markets, the underlying drivers that propelled gold higher – including persistent geopolitical uncertainty focused on US-China trade tariffs, the potential inflationary pressures from tariffs, and questions around future central bank policy – remain firmly in place, supporting a constructive outlook for the precious metal. About eToro: eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have over 38 million registered users from more than 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So, we've created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news. Disclaimers: eToro (ME) Limited, is licensed and regulated by the Abu Dhabi Global Market ('ADGM')'s Financial Services Regulatory Authority ('FSRA') as an Authorised Person to conduct the Regulated Activities of (a) Dealing in Investments as Principal (Matched), (b) Arranging Deals in Investments, (c) Providing Custody, (d) Arranging Custody and (e) Managing Assets (under Financial Services Permission Number 220073) under the Financial Services and Market Regulations 2015 ('FSMR'). Its registered office and its principal place of business is at Office 207 and 208, 15th Floor, Al Sarab Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates ('UAE'). This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without considering any particular recipient's investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.
Zawya
11-04-2025
- Business
- Zawya
Dubai Gold Price surges to all-time high on Trump Tariff News
Dubai, UAE: Gold hit all-time highs of AED 11,650 ($3,186) on Thursday, as the extraordinary activity in global markets over the past week continued. The White House announcement of a temporary pause on newly imposed global tariffs on Wednesday, provided momentary relief to volatile markets. Anxiety remains around further tariff increases on US-China trade, a flashing reminder of the 2018 market dynamic, which saw equity markets struggle under the pressure of a US-China trade war. James Campion, Popular Investor at eToro, said: The price of spot gold climbed back above its key AED 11,300 per ounce level, trading around AED 11,500 by late afternoon on Thursday, before going on to record highs, representing a 19.22% return year to date. This marks a recovery from a brief liquidity driven pullback on Monday, which saw gold touch AED 10,900, following a period of extreme volatility in global markets. Gold's reaction highlights its resilience in complex market environments. While the easing of broad trade tensions might typically reduce some safe-haven demand, the simultaneous intensification of the US-China conflict and the underlying inflation risks associated with tariffs continue to provide support for the metal. Investor appetite for gold has been robust. Global gold-backed ETFs saw massive inflows of US$21 billion (226 tonnes) in the first quarter of 2025, the second-highest quarterly dollar inflow ever recorded, according to market data. Gold remains my largest holding, the outlook looks bullish over the next 100 days. The combination of tariff-induced inflation risks and ongoing geopolitical uncertainty provides a robust foundation for gold prices. While the immediate pause of some tariffs brought some calm to wider markets, the underlying drivers that propelled gold higher – including persistent geopolitical uncertainty focused on US-China trade tariffs, the potential inflationary pressures from tariffs, and questions around future central bank policy – remain firmly in place, supporting a constructive outlook for the precious metal. About eToro: eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have over 38 million registered users from more than 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So, we've created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news. eToro (ME) Limited, is licensed and regulated by the Abu Dhabi Global Market ('ADGM')'s Financial Services Regulatory Authority ('FSRA') as an Authorised Person to conduct the Regulated Activities of (a) Dealing in Investments as Principal (Matched), (b) Arranging Deals in Investments, (c) Providing Custody, (d) Arranging Custody and (e) Managing Assets (under Financial Services Permission Number 220073) under the Financial Services and Market Regulations 2015 ('FSMR'). Its registered office and its principal place of business is at Office 207 and 208, 15th Floor, Al Sarab Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates ('UAE'). This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without considering any particular recipient's investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.
