STORY: In the bustling Gold Souk in Dubai, dubbed the "City of Gold," 22-karat gold jewelry is a traditional favorite. It's bought for weddings, religious celebrations, and as a family investment.

"In markets like Dubai, this creates a two-fold effect ... investment director at AJ Bell. UAE's gold jewelry demand softens in 2024 One sign of economising has been the rise of lab-grown diamonds.

DUBAI (Reuters) - In the bustling Gold Souk in Dubai, dubbed the "City of Gold", 22-karat gold jewellery is a traditional favourite for weddings, religious celebrations, and as a family investment.

DUBAI (Reuters) - In the bustling Gold Souk in Dubai, dubbed the "City of Gold", 22-karat gold jewellery is a traditional favourite for weddings, religious celebrations, and as a family investment.