{"id":1398,"date":"2025-11-06T08:11:35","date_gmt":"2025-11-06T08:11:35","guid":{"rendered":"https:\/\/theme-dev.cmsmasters.net\/magazine-main\/mercedes-benz-fashion-week-russia-cancelled-due-to-ukraine-invasion\/"},"modified":"2025-11-06T08:23:05","modified_gmt":"2025-11-06T08:23:05","slug":"uae-certain-dubai-jewellery-shops-run-out-of-gold-coins-this-diwali-season","status":"publish","type":"post","link":"https:\/\/insider18.com\/index.php\/2025\/11\/06\/uae-certain-dubai-jewellery-shops-run-out-of-gold-coins-this-diwali-season\/","title":{"rendered":"UAE: Several jewellery shops in Dubai run out of gold coins amid Diwali shopping rush."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1398\" class=\"elementor elementor-1398\">\n\t\t\t\t<div class=\"elementor-element elementor-element-60c6d4f e-flex e-con-boxed cmsmasters-block-default e-con e-parent\" data-id=\"60c6d4f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a4a34fe cmsmasters-block-default cmsmasters-sticky-default elementor-widget elementor-widget-text-editor\" data-id=\"a4a34fe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Gold bars are showcased at Hatton Garden Metals, a precious metals dealer in London. (Photo: Reuters)<\/p><p>Across Dubai and the wider UAE, demand for gold coins surged during Diwali, leading to a temporary shortage of certain denominations.<\/p><p>Local jewellers reported that smaller gold coins were particularly popular as festive gifts, with sales exceeding last year\u2019s figures \u2014 even though gold prices have climbed by more than 50 per cent this year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fce1399 cmsmasters-block-default cmsmasters-sticky-default elementor-widget elementor-widget-text-editor\" data-id=\"fce1399\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u201cThe demand peaked in the days leading up to Diwali, as many customers purchased gold for gifting and Lakshmi Puja,\u201d said Sanjay Jethwani, partner at Meena Jewellers. \u201cBecause of this, some coin sizes sold out quicker than we anticipated. Although there was a shortfall of five- and ten-gram coins right after the festival, we had sufficient stock of larger coins and gold bars.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-071f83b gallery-spacing-custom cmsmasters-block-default cmsmasters-sticky-default elementor-widget elementor-widget-image-gallery\" data-id=\"071f83b\" data-element_type=\"widget\" data-widget_type=\"image-gallery.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-image-gallery\">\n\t\t\t<div id='gallery-1' class='gallery galleryid-1398 gallery-columns-2 gallery-size-full'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon portrait'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"071f83b\" data-elementor-lightbox-title=\"111\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzU3NTIsInVybCI6Imh0dHBzOlwvXC9pbnNpZGVyMTguY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDI1XC8xMVwvMTExLndlYnAiLCJzbGlkZXNob3ciOiIwNzFmODNiIn0%3D\" href='https:\/\/insider18.com\/wp-content\/uploads\/2025\/11\/111.webp'><img fetchpriority=\"high\" width=\"375\" height=\"530\" src=\"https:\/\/insider18.com\/wp-content\/uploads\/2025\/11\/111.webp\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" srcset=\"https:\/\/insider18.com\/wp-content\/uploads\/2025\/11\/111.webp 375w, https:\/\/insider18.com\/wp-content\/uploads\/2025\/11\/111-212x300.webp 212w\" sizes=\"(max-width: 375px) 100vw, 375px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon portrait'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"071f83b\" data-elementor-lightbox-title=\"222\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzU3NTMsInVybCI6Imh0dHBzOlwvXC9pbnNpZGVyMTguY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDI1XC8xMVwvMjIyLndlYnAiLCJzbGlkZXNob3ciOiIwNzFmODNiIn0%3D\" href='https:\/\/insider18.com\/wp-content\/uploads\/2025\/11\/222.webp'><img width=\"375\" height=\"530\" src=\"https:\/\/insider18.com\/wp-content\/uploads\/2025\/11\/222.webp\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" srcset=\"https:\/\/insider18.com\/wp-content\/uploads\/2025\/11\/222.webp 375w, https:\/\/insider18.com\/wp-content\/uploads\/2025\/11\/222-212x300.webp 212w\" sizes=\"(max-width: 375px) 100vw, 375px\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2277ff cmsmasters-block-default cmsmasters-sticky-default elementor-widget elementor-widget-text-editor\" data-id=\"f2277ff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>He noted that this year\u2019s festive enthusiasm highlighted people\u2019s continued trust in gold, valuing it as both a cultural tradition and a secure form of investment. \u201cWe anticipate this strong trend to carry on through the wedding season and into the end of the year,\u201d he said.<\/p><p>Vinay Jethwani, partner at Meena Jewellers, mentioned that the demand for gold coins saw a remarkable surge during Diwali. \u201cGold remains the most favoured and auspicious item to purchase during the festivities \u2014 whether for worship, gifting, or investment,\u201d he explained. \u201cThis year\u2019s sentiment was particularly positive, with customers purchasing not only jewellery but also coins in various sizes as meaningful festive presents. The demand significantly surpassed last year\u2019s figures,\u201d he added.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c0f27c cmsmasters-block-default cmsmasters-sticky-default elementor-widget elementor-widget-text-editor\" data-id=\"7c0f27c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>He explained that smaller denominations, particularly 5-gram and 10-gram coins, were in the highest demand as they are ideal for festive gifting. \u201cThis sharp rise in purchases naturally led to a temporary shortage in supply. However, refineries and distributors have already begun restocking, and availability is steadily improving,\u201d he said.<\/p><p>Gold prices reached an all-time high in the days surrounding Diwali but dropped sharply on Tuesday by 4.5 per cent, settling at $4,142.75 per ounce \u2014 down from the earlier rate of $4,381.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d5c075 cmsmasters-block-default cmsmasters-sticky-default elementor-widget elementor-widget-image\" data-id=\"8d5c075\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"494\" height=\"420\" src=\"https:\/\/insider18.com\/wp-content\/uploads\/2025\/10\/333.webp\" class=\"attachment-large size-large wp-image-35754\" alt=\"\" srcset=\"https:\/\/insider18.com\/wp-content\/uploads\/2025\/10\/333.webp 494w, https:\/\/insider18.com\/wp-content\/uploads\/2025\/10\/333-300x255.webp 300w, https:\/\/insider18.com\/wp-content\/uploads\/2025\/10\/333-353x300.webp 353w\" sizes=\"(max-width: 494px) 100vw, 494px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5a25af7 e-con-full e-flex cmsmasters-block-default e-con e-child\" data-id=\"5a25af7\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-ecea8e6 e-con-full e-flex cmsmasters-block-default e-con e-child\" data-id=\"ecea8e6\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-55b7a9b cmsmasters-block-default cmsmasters-sticky-default elementor-widget elementor-widget-text-editor\" data-id=\"55b7a9b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Chandu Siroya, owner of Siroya Jewellers, mentioned that there was a temporary shortage of 5-gram and 10-gram gold bars due to limited availability of Swiss bars. \u201cMany people opted to purchase gold coins for investment during Diwali, which seemed a wise choice given the high market prices,\u201d he explained. \u201cThe slight dip in supply and brief shortage were mainly driven by strong demand for both gold bullion and jewellery. Buyers expect prices to rise further, with some reports suggesting gold could surpass $5,000 per ounce. This, along with seasonal demand, has encouraged more people to invest in gold,\u201d he told <em data-start=\"642\" data-end=\"657\">Khaleej Times<\/em> on Tuesday. Chirag Vora, managing director of Bafleh Jewellers, noted that gold coin sales stayed robust throughout Diwali, although customer preferences and buying patterns have noticeably evolved.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8f01dc1 e-con-full e-flex cmsmasters-bg-hide-none cmsmasters-bg-hide-none cmsmasters-block-default e-con e-child\" data-id=\"8f01dc1\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>During the Diwali festival, many jewellery stores across Dubai experienced a surge in demand, leading to a complete sell-out of gold coins as residents rushed to buy festive gifts.<\/p>\n","protected":false},"author":1,"featured_media":35749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","footnotes":""},"categories":[12,9],"tags":[34],"post_template":[60],"top_category":[],"class_list":["post-1398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-uae","tag-dubai-buzz","post_template-post-1","pmpro-has-access"],"acf":[],"_links":{"self":[{"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/posts\/1398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/comments?post=1398"}],"version-history":[{"count":71,"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/posts\/1398\/revisions"}],"predecessor-version":[{"id":35757,"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/posts\/1398\/revisions\/35757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/media\/35749"}],"wp:attachment":[{"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/media?parent=1398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/categories?post=1398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/tags?post=1398"},{"taxonomy":"post_template","embeddable":true,"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/post_template?post=1398"},{"taxonomy":"top_category","embeddable":true,"href":"https:\/\/insider18.com\/index.php\/wp-json\/wp\/v2\/top_category?post=1398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}