;

© 2026, design with by 7awi Media Group

UAE Gold Prices Surge Amid Middle East Conflict Spike

24K gold climbs to Dh646.45 per gram as investors rush to bullion amid regional conflict.

  • Publish date: since 2 hour Reading time: two min read
UAE Gold Prices Surge Amid Middle East Conflict Spike

Gold prices in the UAE surged sharply on Monday morning, rising more than Dh10 per gram as escalating conflict in the Middle East triggered a global rush into safe-haven assets.

Read More: UAE Prohibits its Airspace from Being Used for an Attack on Iran

At 8:43am on March 2, 24-karat gold climbed to Dh646.45 per gram, up from Dh636 a day earlier. The 22-karat rate rose to Dh592.58 compared with Dh589 previously, marking one of the strongest single-day gains in recent weeks.

The rally pushed UAE gold prices back toward levels seen during earlier periods of geopolitical stress, underscoring renewed risk aversion among investors and retail buyers.

Steady rally throughout February

The latest spike builds on a broader upward trend that has gathered pace over recent weeks. At the start of February, 24K gold was trading near Dh564 per gram. Prices steadily advanced throughout the month, crossing Dh600 by mid-February before accelerating in the final week.

By February 27, the rate had reached Dh629.50, and within days it surged above Dh646. Analysts say the trajectory reflects a combination of structural demand drivers — including strong central bank purchases and global economic uncertainty — alongside short-term geopolitical catalysts.

Middle East conflict fuels safe-haven rush

Monday’s jump followed a deterioration in regional stability over the weekend, as military strikes and retaliatory actions involving multiple countries intensified fears of a broader conflict.

Global bullion prices rose more than 2% in early trading before paring some gains. Investors shifted capital away from equities and risk-sensitive currencies into gold, which traditionally performs strongly during periods of geopolitical tension and financial volatility.

Energy markets reacted in parallel. Oil prices surged at the open amid concerns over potential supply disruptions, particularly around the Strait of Hormuz, one of the world’s most strategically important energy corridors.

The simultaneous rise in oil and gold highlights growing systemic risk across global markets, with investors bracing for prolonged uncertainty in the Middle East and its potential spillover effects on inflation, trade flows and investor confidence.

Follow us on our Whatsapp channel for latest news
 

Related videos

Related articles