Buying gold for Dhanteras on Friday? Some Dubai jewellers are letting shoppers lock in prices ahead of the festival, Khaleej Times reports. On Wednesday morning, 22K gold was Dh448.25 a gram and 24K was Dh484. Prices have been moving sharply, so compare making charges and exchange terms before putting down a deposit. A price lock isn't automatically the cheapest deal.

The details

UAE gold shoppers are increasingly using price-locking arrangements and advance purchases ahead of Dhanteras, which falls on Friday, 6 November 2026.

Jewellery retailers say volatile gold prices are encouraging customers to plan purchases earlier rather than leaving them until the festival.

According to Khaleej Times, 24-karat gold was trading at Dh484 per gram on Wednesday morning, 4 November, while 22-karat gold was priced at Dh448.25.

The report notes that 24-karat gold had fallen to Dh467 per gram over the previous weekend, illustrating the scale of recent price movements.

Some jewellers offer arrangements that allow buyers to secure a quoted gold rate before making their final purchase.

However, terms vary between retailers, and customers should confirm whether deposits are refundable, how the price is calculated and what happens if gold becomes cheaper before collection.

Jewellery retailers are also promoting old-gold exchange offers and festive competitions during the Diwali shopping period.

Customers should compare the final amount payable rather than focusing solely on the quoted gold rate.

Making charges, purity, wastage charges where applicable, exchange conditions and any promotional restrictions can affect the overall cost.

The quoted rates are a morning snapshot, not guaranteed prices for the rest of the day.