Why are gold rates increasing in cities like Dubai and Doha?

Gold rates are increasing due to escalating US-Iran tensions, disruptions in the Strait of Hormuz, and surging Brent crude prices.

What are the current gold rates in Dubai as of April 24, 2026?

As of April 24, 2026, gold rates in Dubai are AED 564.25 per gram for 24k, AED 522.50 per gram for 22k, and AED 429.50 per gram for 18k.

What geopolitical factors are affecting gold prices in the Middle East?

Escalating US-Iran tensions and disruptions in the Strait of Hormuz are the primary geopolitical factors affecting gold prices.

Home / Business and Economy / Gold Prices Surge Amidst Middle East Tensions

Gold Prices Surge Amidst Middle East Tensions

24 Apr

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Summary

Gold rates are rising in several Middle Eastern cities.
US-Iran tensions and Strait of Hormuz disruptions are key factors.
Specific rates for 24k, 22k, and 18k gold are AED 564.25, AED 522.50, and AED 429.50 per gram.

Gold Prices Surge Amidst Middle East Tensions

Gold prices in several major Middle Eastern cities, including Dubai, Abu Dhabi, Doha, Riyadh, Jeddah, and Kuwait City, are currently on an upward trend. This surge is closely linked to significant geopolitical events unfolding in the region.

Escalating tensions between the United States and Iran, coupled with disruptions impacting the vital Strait of Hormuz, are primary drivers. Surging Brent crude prices are also contributing to the increasing value of gold.