Gold prices in Dubai took a noticeable dip as the ceasefire between Iran and Israel took hold, easing investor anxiety and reducing demand for safe-haven assets.
24K gold now stands at Dh403.5 per gram, sliding in response to a stabilizing geopolitical climate, a stronger U.S. dollar, and mounting pressure from the U.S. Federal Reserve’s interest rate stance.
All gold variants—22K, 21K, and 18K—saw similar declines, reflecting a global shift in sentiment. With fears of escalation on pause, markets are recalibrating, and gold, often a crisis hedge, is feeling the pullback.
While the long-term outlook remains data-dependent, for now, peace in the region is translating to price relief at the counter.