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