Gold prices in Dubai spike amid Israel-Hamas war

Amid escalating military conflict between Israeli forces and Palestinian militant group Hamas, the gold prices spiked at the opening of the markets in the United Arab Emirates (UAE) on Wednesday morning, October 18.The Dubai Jewellery Group data showed 24-carat gold price



trading at Dirhams 234.75 per gram on Wednesday, as compared to Tuesday night’s, October 17, close at Dirhams 233.5 per gram.

22, 21, and 18-carat gold were priced at Dirhams 217.5, Dirhams 210.5, and Dirhams 180.25 per gram, respectively, at 9:15 am UAE time.