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Gold Prices Surge Amidst Middle East Tensions
24 Apr
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 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.
As of April 24, 2026, specific gold rates were reported on Joyalukkas' website. In Dubai and Abu Dhabi, 24-karat gold was priced at AED 564.25 per gram. The rate for 22-karat gold was AED 522.50 per gram, while 18-karat gold stood at AED 429.50 per gram.
