Gold souq in Dubai - in pictures

Dubai Gold Souq in Deira is gearing up for a busy Eid Al Fitr. All photos: Pawan Singh / The National
Dubai Gold Souq in Deira is gearing up for a busy Eid Al Fitr. All photos: Pawan Singh / The National
Gold prices have reached record highs in 2024
Gold prices have reached record highs in 2024
The surge in global gold prices is being driven by factors such as anticipated US interest rate cuts, speculation, people seeking a safeguard against geopolitical uncertainty and major spending in China
The surge in global gold prices is being driven by factors such as anticipated US interest rate cuts, speculation, people seeking a safeguard against geopolitical uncertainty and major spending in China
Traders say they are still selling relatively well despite the price rises for several reasons including the increase in tourist arrivals since Dubai opened up swiftly after the Covid-19 pandemic
Traders say they are still selling relatively well despite the price rises for several reasons including the increase in tourist arrivals since Dubai opened up swiftly after the Covid-19 pandemic
The traditionally busy Eid season that starts around now before the formal holiday is expected to help sales
The traditionally busy Eid season that starts around now before the formal holiday is expected to help sales
People rest at the gold souq on a Ramadan afternoon
People rest at the gold souq on a Ramadan afternoon
Lavish displays of gold at the historic souq
Lavish displays of gold at the historic souq