Amid global market volatility and ongoing geopolitical tensions, gold prices in Dubai have dipped once again. As of April 7, 2025, the precious metal is trading lower across all major carat segments, including 18K, 22K, and 24K gold.
This decline is largely attributed to the escalating tariff war initiated by U.S. President Donald Trump, which has shaken investor confidence and caused disruptions across global financial markets.
As of 1:21 PM IST, gold futures for June 5 contracts on the Multi Commodity Exchange (MCX) were trading at ₹88,245 per 10 grams, up by ₹25 or 0.19%. However, this minor domestic gain contrasts with a significant drop in gold prices in international markets, particularly in Dubai, a major hub for gold trade.
The reciprocal tariffs imposed by the U.S. have intensified market uncertainties, pushing investors to re-evaluate their positions and prompting fluctuations in gold prices globally.
Let’s take a closer look at today’s gold rates in Dubai, converted into Indian Rupees (INR) for better comparison:
24K Gold: ₹85,429 per 10 grams (down from ₹85,546 yesterday)
22K Gold: ₹79,064 per 10 grams (previously ₹78,735)
18K Gold: ₹64,700 per 10 grams (down from ₹64,793)
This downward trend offers a potential opportunity for gold buyers, especially during the Navratri festive period, when gold purchases typically see a surge.
Meanwhile, in the Indian bullion markets, gold prices have also edged lower in line with global cues.
Kolkata 22K Gold: ₹82,850 per 10 grams (down from ₹83,100)
Silver Price: ₹9,400 per 100 grams (unchanged)
Silver continues to show stability in the domestic market despite fluctuations in global rates.
As of 1:28 PM IST on April 7, spot gold prices in the global market were recorded at $3,022.89 per ounce, registering a $14.08 or 0.46% decline. Similarly, silver saw a sharper fall, trading at $29.99 per ounce, down by $0.40 or 1.33%.
This volatility reflects growing concern over geo-economic disruptions, which are causing investors to rebalance their portfolios away from traditional safe-haven assets like gold.
Travelers planning to bring gold back from Dubai to India must meet specific eligibility criteria:
The individual must hold a valid Indian passport
Must have resided abroad for at least six months
Short visits to India of less than 30 days during this period are not counted
Eligible passengers can bring up to 1 kilogram of gold duty-paid into India. However, travelers must declare the gold at customs and pay applicable duties to avoid penalties or confiscation.
Want to stay updated on daily gold rates?
Simply give a missed call to 8955664433 to receive the latest gold prices via SMS. This service provides real-time updates for both 22K and 18K gold rates, making it easy for consumers to track daily market changes.
With Dubai gold prices dipping amid international economic unrest, this may be an opportune moment for savvy investors and buyers to act. However, travelers should stay informed about customs regulations and price fluctuations before making a purchase or importing gold into India.
Stay tuned for daily gold rate updates across Dubai and Indian cities right here.
