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UAE Gold Prices Stable Despite Iran Missiles

Gold prices in the UAE maintain stability despite heightened regional tensions and global market fluctuations.

  • Publish date: Tuesday، 05 May 2026 Reading time: 1 min read
UAE Gold Prices Stable Despite Iran Missiles
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Gold prices in the UAE held firm on Tuesday morning, showing remarkable stability despite renewed missile attacks from Iran on Monday.

Read More: Dubai Plans World’s First Gold District, Including a Street Made of Real Gold

The price of 24K gold stood at Dh546.25 per gram, registering only a narrow decline of 25 fils by Monday evening. The other popular variants—22K, 21K, 18K, and 14K—remained steady as well, with minor gains noted on Tuesday morning. These were priced at Dh505.75, Dh485.00, Dh415.50, and Dh324.25 per gram, respectively.

In global markets, spot gold traded at $4,538.51 (Dh16,666.09) per ounce, while silver experienced a slight dip to $75.2 (Dh276.24) per ounce.

Late on Monday afternoon, residents across the UAE were startled when emergency alerts echoed on their phones, following intensified regional tensions. Reports confirmed that the UAE's defense systems successfully intercepted a barrage of aerial threats, including 12 ballistic missiles, 3 cruise missiles, and 4 UAVs.

Financial analysts observed continued pressure on precious metals, with gold prices marking their second consecutive weekly decline.

“Gold prices declined 0.18 per cent on Friday, marking a second consecutive weekly loss with a 2.04 per cent drop for the week. Silver showed relative resilience, rising 2.18 per cent on Friday, though it still closed the week down 0.45 per cent,” noted Vijay Valecha, Chief Investment Officer of Century Financial.

“Elevated interest rate expectations continue to weigh on non-yielding assets like gold and silver,” he added.

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