Dubai Gold Hits All-Time High After Israel-Iran Escalation
- Publish date: Friday، 13 June 2025 Reading time: 1 min read
Dubai’s gold price surged to record levels as Middle East tensions drove investors toward safe-haven assets.
- Related articles
- Gulf Airlines Cancel Flights Afters Israel's Attacks on Iran
- Iran Retaliates With Missile Attacks on Tel Aviv
- Oil Prices Surge, Stocks Drop After Israeli Attack on Iran
Dubai's 22K gold rate jumped to AED 381.75 per gram, beating yesterday’s AED 378.50 and touching its highest official mark. The 24K rate also soared to AED 412.50.
Global Gold Surpasses $3,400/Ounce
Spot gold prices surged over $100 in just hours, settling around $3,429/oz. Analysts say it could climb further——perhaps even to $3,500.
Safe-Haven Boom amid Middle East Crisis
The sharp rise came after Israel launched airstrikes on Iran’s nuclear facilities. Tensions have sparked a global move toward gold and other secure assets like the U.S. dollar and Swiss franc.
Past Peak vs. Today’s Surge
Dubai’s current high rivals April’s peak at AED 388, when US tariffs drove gold demand. However, AED 381.75 remains the highest official rate reached so far
What Shoppers and Investors Should Do
Experts advise buyers to watch price momentum closely. If gold nears $3,500, volatility may rise. Many suggest delaying new purchases and focusing on exchanging existing gold jewelry.
Why It Matters
Gold’s surge reflects rising geopolitical risk and a weakening US dollar. For investors, it’s the classic hedge play. For shoppers, it’s a caution: prices are hot, and they might get hotter.