Recent data from the World Gold Council has revealed an increase in the demand for gold for investment purposes in the UAE market during 2025 compared to 2024. The Council stated in data seen by 'Emirates Today' that the demand for gold in the country reached 14.8 tons of bars and gold coins, which are typically used for savings and investment purposes, compared to 13.5 tons during 2024. Meanwhile, demand for gold bars and coins alone in the fourth quarter amounted to 4.2 tons. According to World Gold Council data, demand for gold for 'ornamental purposes' in the country last year reached 29.4 tons, while the fourth quarter alone recorded 7.5 tons. Gold reached record prices during 2025 and the beginning of 2026, with Deutsche Bank and Société Général forecasting that gold prices will reach $6,000 per ounce this year, highlighting the potential for further gains. Deutsche Bank stated: 'Under alternative scenarios, an ounce price of $6,900 may in fact be more in line with the very strong performance over the past two years'.
