Economy Country February 06, 2025

Gold Demand Forecast in the UAE 2024

Data from the World Gold Council indicates that consumer demand for gold in the UAE during 2024 will exceed expectations, suggesting market recovery.


Gold Demand Forecast in the UAE 2024

According to data from the World Gold Council, demand for gold in the UAE in 2024 is expected to increase. As noted, this trend will continue as gold remains popular among investors and consumers due to its stability and investment properties.

Data also indicates that the UAE remains one of the largest consumers of gold in the region, and demand for this precious metal remains stable. Demand for jewelry made from gold, investment goals, and the use of gold in various industries, including technology and medicine, support the demand for gold in the UAE.

"It is expected that demand for gold will prevail in the UAE due to the stability and attractiveness of this precious metal for a wide circle of consumers," said the representative of the Council.