Dubai Gold Prices Rise Amid Iran Tensions
Dubai's gold market is reflecting gains in international bullion prices due to renewed US-Iran tensions and a weaker US dollar.
The Dubai Jewellery Group's suggested retail jewellery prices show 24K gold at Dh534.75 per gram, up from Monday's Dh530.25, representing an increase of Dh4.50 per gram.
Spot gold was up 0.6 percent at $4,432.79 per ounce on Tuesday, while US gold futures for December delivery were little changed at $4,478.40.