{
  "id": 16868364,
  "title": "Gold is cheaper this Diwali: Here's what UAE residents are planning to buy",
  "url": "https://urgent.news/2026/10/28/gold-is-cheaper-this-diwali-heres-what-uae-residents-are-planning-to",
  "topic": "world",
  "section": "World",
  "published": "2026-10-28T07:47:54.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/lifestyle/gold-is-cheaper-this-diwali-heres-what-uae-residents-are-planning-to-buy-1.500726581"
  },
  "original_language": "en",
  "account": "Dubai: For many Indian families in the UAE, Diwali shopping begins at the jewellery counter. This year, they are excited to know that gold costs less than it did in the previous Diwali. On October 28, 2025, 24-carat gold was priced at Dh486.50 per gram, while 22-carat was Dh450.50. Last year on Diwali day, October 20, 2025, the same gold had cost Dh512.25 and Dh474.25 per gram. The main reason behind this price drop is the festival of Dhanteras, which falls on November 6 this year. Buying gold, silver or new utensils on this day is believed to bring blessings from Lakshmi, the goddess of wealth.\n\nBabita, an Indian resident from New Delhi, plans to buy a gold coin for her son this year. She prefers buying a coin over a ring as it is more cost-effective and she doesn't want to compromise on the quality. Neetu Mudgal, another Indian expat, is planning to buy bangles or a bracelet for herself, seeing it as an investment. Mitesh Makwana, a resident of the UAE, says his shopping list this year is similar to his customers who compare purity, making charges, and buyback terms before making any commitments. The lower gold price has not changed his decision to buy, only the quantity he is willing to purchase. He advises customers to buy in smaller quantities every festival to make the most of the reduced prices.",
  "summary": "Dubai: For many Indian families in the UAE, Diwali shopping begins at the jewellery counter. And this year, they are walking in to slightly better news: gold costs less than it did last Diwali. On the morning of Wednesday, October 28, 24-carat gold was Dh486.50 per gram and 22-carat was Dh450.50 . On Diwali day last year, October 20, 2025, the same gold cost Dh512.25 and Dh474.25 per gram . So…",
  "key_points": [
    "Gold prices cheaper this Diwali in UAE",
    "24-carat gold Dh486.50/gram, 22-carat Dh450.50/gram",
    "Dhanteras festival on November 6 drives price drop"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}