During Eid al-Adha, gold sales in Dubai reportedly experienced substantial growth, with a notable increase despite rising global prices.

According to Tawhid Abdullah, chairman of the Dubai Gold and Jewellery Group, sales rose by 10% compared to the previous year during the holiday period, fueled by robust interest from both local residents and visitors, as reported by Al Bayan, a local Arabic newspaper.

Abdullah emphasized that Eid continues to be a significant time for gold buying, underscoring Dubai’s prominence as a key hub for gold trade in the region and globally.

Shops often entice customers with various promotions, contributing to the heightened sales activity during this festive period, the report noted.

Sales to buyers from Asia saw a 2% increase, Abdullah mentioned, adding that the demographic of individuals aged 18 to 25 witnessed a notable rise in purchases, especially among those approaching graduation.

A report from the World Gold Council indicated that global gold demand experienced a 1% annual increase in the first quarter of 2025, totaling 1,206 tonnes.