Bullion Note
Physical Flow

Seasonal Patterns in Dubai Gold Flow: What the March–April Window Tells Us

April 5, 2026

Seasonality is a recurring feature of physical gold flow, shaped by demand cycles, festival calendars, and the rhythm of restocking.

Using seasonality carefully

Historical seasonal patterns can offer context, but they are tendencies, not guarantees, and they can be overwhelmed by larger macro or supply shocks in any given year. They are best used to frame expectations rather than to set them.

Watching whether a given season tracks or breaks from its usual pattern can itself be informative. The deviation often says more than the pattern.