Gold Prices in UAE Surge Amid Global Tensions

Feb 27, 2026

85 min

Feb 27, 2026 05:31

Global tensions ignite fresh gold surge across UAE markets

## Rising Gold Prices in Dubai

Gold prices in Dubai have surged, reaching new highs amid global geopolitical tensions. On Friday morning, the price of 24-karat gold rose to Dh626 per gram, up from Dh622.25 the previous day. Similarly, 22-karat gold increased to Dh579.50 from Dh576.25.

## February's Upward Trend

Throughout February, gold prices in the UAE have shown a consistent upward trend. Starting the month at Dh589.50 per gram for 24-karat gold, prices dipped briefly before climbing steadily, surpassing Dh600 by mid-month and reaching Dh626 by the end of February. The 22-karat gold followed a similar pattern, starting at around Dh545 and nearing Dh580 by the month's end.

## Global Geopolitical Influence

The rise in local gold prices is largely driven by international market conditions. Global gold prices have remained high, influenced by geopolitical uncertainties, including US-Iran nuclear negotiations and military activities in the Middle East. These factors have sustained the demand for gold as a safe-haven asset.

## Market Analyst Insights

Market analysts suggest that while gold prices are stabilizing at high levels, they are not entering a new surge phase. The market is balancing safe-haven demand with expectations of easing geopolitical tensions. Institutional investors continue to show interest, with significant purchases by entities like SPDR Gold Trust.

## Interest Rates and Future Outlook

Despite strong demand, interest rate dynamics are seen as a limiting factor for a sharper gold rally. Analysts are watching US economic indicators and central bank policies closely, as these could influence future gold price movements. The consensus is that gold may consolidate below $5,200 per ounce in the near term, with any short-term declines likely being temporary adjustments rather than a reversal of the upward trend.

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