UAE Gold Market Demand post-COVID-19-

The World's Gold council reported that a significant recovery in gold demand in the Q3 of this year has prevailed over UAE gold markets. Compared to the same period in the previous year, the current demand is more than 116% which means an increase in consumer confidence.

UAE is considered among the best countries that managed to contain the pandemic with cautious and serious actions that gained the trust and confidence among local and visitors consumers, especially being in a fully vaccinated country. Although the second wave of COVID-19 in India has again affected the global gold market and the UAE gold market a little, experts expected to get more demand for buying gold jewellery in Dubai & Abu Dhabi.

Besides vaccination and the firm regulations to maintain the pandemic that increased the customer's trust to buy gold in physical shops again, the re-opening of international flights to many cities has flourished tourism, unlike the same period last year. Many people from all over the world choose Dubai for their best shopping experience, especially when it comes to gold, jewellery and luxury items. Although the demand for gold and jewellery and the percentage of buying gold has not yet reached the same figures pre-pandemic, as current demand is 21% below pre-pandemic demand, we have a positive outlook for H2 of this year and the coming year.

It is not hard for UAE markets and gold shops to recover from the pandemic for several reasons. Mainly the gold and jewellery market has an excellent reputation globally. In addition, the varieties of jewellery, styles, and well-known brands, the reasonable prices compared to other parts of the world, and the purity of Dubai gold has always attracted consumers and gained their trust for decades. Not to forget that gold shops in UAE are trustworthy and provide high-quality gold and diamond jewellery in the finest designs. Moreover, many famous gold shops, such as Al Romaizan, promise to provide uniquely designed gold and jewellery. In Al Romaizan, you can find gold, traditional, and gem jewellery that go beyond your expectations. Additionally, with Al Romaizan jewellery designers, you can have a customised gold ring or personalised gold set created especially for you and according to your needs.

High hopes and positive expectations shape the future of the gold & jewellery industry globally and in UAE. So, prepare yourself to pay a visit to the most prestigious gold shops and buy gold in the most lavish gold shops in Dubai & Abu Dhabi.