UAE Residents Sell Gold and Jewelry Amid Falling Prices

Residents in the United Arab Emirates have started selling their gold and jewelry to repay loans and purchase property, according to a report by *Khaleej Times*.

The report highlights that after reaching record highs, gold prices in the UAE have declined sharply, prompting long queues of sellers at Dubai’s Gold Souk.

Following the sudden drop in prices, a large number of residents and investors decided to liquidate their holdings of gold and silver. The trend reflects both the volatility in precious metal markets and the financial pressures faced by individuals seeking liquidity for investments and debt repayments.