Dubai’s jewellery stores witnessed an unprecedented surge in demand for gold coins during Diwali, leading to a temporary shortage of smaller denominations. Despite gold prices soaring over 50% this year, the festive season saw a remarkable increase in purchases, particularly for gifting purposes. Jewellers reported that five and 10-gram coins were the most sought-after, with demand surpassing last year’s figures. The rush peaked in the days leading up to Diwali, as customers flocked to buy coins for Lakshmi Puja and festive gifts. While larger denominations and bars remained well-stocked, the sudden spike in demand for smaller coins created a brief supply gap. Industry experts attributed this trend to gold’s dual role as a traditional gift and a safe investment. Suppliers and refineries are now working to replenish stocks, ensuring availability improves swiftly. The festive spirit, coupled with rising gold prices, has reinforced consumer confidence in gold as a valuable asset. Jewellers anticipate this momentum to continue through the wedding and year-end season, driven by both cultural and investment motivations.