Dubai Gold Prices Decline Amid Easing Iran Tensions

Apr 15, 2026

71 min

Apr 15, 2026 06:31

Dubai gold prices ease as Trump says war ‘close to over’

## Gold Prices in Dubai

Gold prices in Dubai saw a slight decrease on Wednesday as geopolitical tensions between the US and Iran appeared to ease. The price of 24K gold dropped to Dh581.50 per gram from Dh582.00, while 22K gold fell to Dh538.50 from Dh539.00. This decline follows US President Donald Trump's comments suggesting that talks to end the Iran conflict could resume soon.

## Market Reactions

The drop in gold prices marks a reversal from Tuesday's increase, which was driven by uncertainty over the situation in the Strait of Hormuz. The current decline suggests that markets are optimistic about potential US-Iran negotiations, reducing the demand for gold as a safe-haven asset.

## Global Gold Trends

Globally, spot gold prices also fell slightly after reaching a one-month high earlier in the session. The US dollar's strength and hopes for renewed peace talks contributed to this trend. Spot gold was down 0.3% at $4,828.07 an ounce, while US gold futures remained steady.

## Regional Gold Prices

In Saudi Arabia, gold prices remained stable, with 24K gold at SAR600 per gram and 22K at SAR548. This stability indicates that Saudi buyers are waiting for clearer geopolitical signals. In contrast, India experienced a rise in gold prices due to strong local demand ahead of the Akshaya Tritiya festival and currency-related factors. 24K gold in India increased to ₹15,535 per gram, while 22K rose to ₹14,240 per gram.

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