Dubai Gold Prices Surge Amid Global Tensions

Feb 23, 2026

58 min

Feb 23, 2026 05:30

Dubai gold jumps Dh7 in a day, hits monthly high amid global tensions

## Significant Price Increase

Gold prices in Dubai experienced a notable increase on Monday, with the 24-karat gold rate rising to Dh622.50 per gram from Dh615.25 the previous day. This marks a Dh7 jump in just 24 hours, contributing to a monthly increase of Dh45, surpassing Dh565.

## February's Upward Trend

Throughout February, gold prices have shown a steady upward trend. Starting the month at around Dh589.50, prices dipped to Dh564 on February 2, the month's lowest point. However, they rebounded quickly, surpassing Dh600 by mid-month. The rally gained momentum after February 17, with prices climbing steadily to reach Monday's high.

## Global Influences

International factors are significantly impacting local gold prices. Global gold markets have seen three weeks of consecutive gains, driven by a weaker dollar and geopolitical tensions. Recent developments, including US trade policy uncertainties and potential tariffs, have further fueled investor interest in gold as a safe-haven asset.

## Implications for Buyers

With prices nearing monthly highs, Dubai gold buyers face a decision: purchase now or wait for potential price corrections. The ongoing global uncertainties continue to influence local market dynamics, making gold an attractive option for those seeking stability.

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