As Diwali approaches, gold jewellery buyers in the United Arab Emirates are presented with a diverse array of options, with prices influenced by gold purity, weight, design, and international market rates. Retailers are offering a mix of traditional gold pieces and diamond collections to cater to varying budgets during the Indian festival season.

Joyalukkas Jewellery, a major retailer in the UAE, has shared indicative price ranges for different categories of gold jewellery. For 18-carat gold, rings are priced between 500 and 10,000 dirhams, necklaces from 1,500 to 30,000 dirhams, bracelets from 600 to 10,000 dirhams, and watches starting at 5,000 dirhams. In contrast, 22-carat gold jewellery commands rings between 600 and 12,000 dirhams, necklaces from 3,000 to 25,000 dirhams, bracelets ranging from 2,200 to 8,000 dirhams, and watches priced between 2,000 and 20,000 dirhams.

For those interested in investing in gold bars, a 1-gram 24-carat bar was quoted at approximately 481.50 dirhams, while a 100-gram 24-carat bar is priced around 48,350 dirhams. Such figures are indicative and subject to fluctuations based on market conditions, product details, and any applicable making charges. Shoppers are advised to verify the prevailing gold rates and final prices before completing a purchase.

John Paul Alukkas, CEO of Joyalukkas Jewellery, noted the introduction of new festive collections this season, combining traditional Indian-inspired gold designs with diamond jewellery options. One of the diamond series unveiled is “Primora,” inspired by the hornbill bird, alongside a variety of other gold collections reflecting classic Indian motifs.

Overall, the jewellery market in the UAE is gearing up for strong demand during Diwali, with a wide spectrum of products available to meet the preferences and budgetary needs of consumers celebrating the festival. Prices remain closely tied to global gold rate movements, underscoring the importance of market monitoring for prospective buyers.