Dubai Gold Prices Surges a New High – AED 405.25 increase in 7 Days

Dubai Gold prices in Dubai surged through a new high on Monday (21 April) due to the tug of trade war. An eye watering increase in Gold Rates as a 24 Carat Gold price has spiked AED 4.5 in the last 24 hours to hit AED 405.25 per gram, while 22 Carat Gold price hits AED 375.25 and globally $3,300. 

The same spike is reflected for 21 Carat Gold that increased by AED 4 to make AED 360 per gram and 18-carat gold edged up AED3.5 to AED 308.50. The dollar index has hit a three-year low, making the already precious metal, Gold, more appealing for holders of other currencies.

Gold prices surged to a record high on Monday, driven by worries regarding global economic growth amid the escalating Sino-U.S. trade war, with a weaker dollar further enhancing the rally.

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— Economy Middle East (@Economy_ME) April 21, 2025

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As markets grapple with the US tariff, Gold Prices seem to be ascending in the near future. On 2 April , The United States President Donald Trump announced “reciprocal tariffs” on several countries. While his administration has temporarily paused levies for some nations, it has intensified its trade conflict with China.

“Fundamentally, markets are pricing in heightened geopolitical risks, driven by U.S. tariff tensions and stagflation concerns, while resilient central bank demand offers an added tailwind for prices as well,”, IG market strategist Yeap Jun Rong said, reports Reuters.