DUBAI, July 15 — As gold prices remain close to record highs, UAE residents aren’t wasting any time. Many are heading straight to gold shops to sell off coins and jewellery, turning their pieces into quick, much-needed cash.
The gold price today has crossed critical levels across all major cities, and people are taking notice. The gold coin price in Dubai is especially catching eyes. A single 1-dinar gold coin (22K) is selling for around AED 1,545. According to retailers, more and more customers are walking in with just one or two coins in hand—small, quick sales that add up. Some are putting the money toward summer travel, while others are sending it to family back home.
The gold rate in Abu Dhabi today, is hovering between AED 375 and AED 376 per gram for 22-karat gold. And today’s gold rate in Sharjah is right in line with AED 374.50 for 22K and AED 404.50 for 24K. Dubai remains the busiest market overall, with intense crowds but it’s mostly sellers, not buyers, filling the stores.
Experts say the rising prices are fueled by global uncertainty, rising demand from investors, and geopolitical tensions. And while there’s a chance that gold could go even higher, most residents aren’t waiting around. For many, this is the ideal moment to turn unused gold into real money.
Gold coins are in high demand, and the price in Dubai has been climbing steadily over the past month. It’s not just locals, but buyers from nearby cities are coming into Dubai to get better deals at the souks. With the gold price today sitting above AED 374 per gram for 22K across the country, even small pieces are worth selling.
Retailers say jewellery under AED 3,000 is still selling, but it’s clear that most people are walking in to sell rather than shop. It’s a pattern playing out across the region. More and more consumers are choosing to get liquid cash instead of holding on to gold for decoration.
With the gold rate in Abu Dhabi today staying strong and similar numbers in Dubai and Sharjah, people across the UAE are taking advantage while they can. Some may still be holding out for another price jump, but many are going the smart route—selling now, while the value is still high.
