UAE Gold Prices Rise Amid Middle East Conflict

Mar 5, 2026

62 min

Mar 5, 2026 06:30

UAE gold prices climb again as conflict drives investors toward safe assets

## Gold Prices Surge in UAE

Gold prices in the UAE have increased as investors seek safe-haven assets due to escalating tensions in the Middle East. On Thursday morning, the price of 24-karat gold in Dubai reached Dh623.25 per gram, up from Dh619.25 the previous day. Similarly, 22-karat gold rose to Dh577 per gram from Dh573.50.

## Global Market Influences

The rise in UAE gold prices aligns with global trends, where bullion prices have climbed due to the weakening US dollar and ongoing geopolitical conflicts. The conflict involving the US, Israel, and Iran has intensified, leading to concerns over energy supply disruptions, particularly with the Strait of Hormuz being a critical oil transit route.

## Currency and Trade Factors

The US dollar's recent decline has further supported gold demand, as a weaker dollar makes gold more affordable for international buyers. Additionally, potential trade disruptions loom as the US considers raising import tariffs, adding to the uncertainty in global markets.

## Gold's Role as a Safe Asset

Gold has gained approximately 20% this year, reinforcing its status as a defensive asset during periods of instability. The metal's price reached an all-time high above $5,595 an ounce in January, driven by persistent geopolitical tensions and trade uncertainties.

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