Dubai experienced a significant drop in gold prices on February 5, 2026, as the global markets prepared for the upcoming US-Iran talks on February 6. At 9 am UAE time, the price of 24K gold fell to Dh586.0 per gram, reflecting a broader decline in precious metal prices worldwide.
Experts recommend that investors in the UAE and globally adopt strict risk management strategies during this period of increased volatility. The politically uncertain environment surrounding the talks is driving sharp fluctuations in gold markets, emphasizing the importance of cautious investment decisions to protect assets.
New Guidelines for Indian Expatriates Carrying Gold
In addition to market concerns, recent changes in guidelines for Indian expatriates in the UAE have been implemented for carrying gold when traveling to India. These updated rules:
- Ease previous restrictions
- Allow travelers to carry gold more confidently
- Are especially beneficial for attending weddings and festivals
This adjustment provides relief to many expatriates who had concerns about gold transportation limitations.
This evolving situation not only affects market prices but also has direct implications for individual investors and expatriates. It underscores Dubai’s crucial position in the global gold trade amid ongoing geopolitical changes.
Stay tuned to Questiqa World News for the latest updates.
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