Dubai witnessed a notable increase in gold and silver prices on Monday, February 23, 2026. The price of gold, especially 24K purity, jumped by more than 6 dirhams in early trading. Spot silver price surged by 3.1 percent, reaching $87.23 per ounce. This marks a more than two-week high for silver.
The boost in precious metal prices comes as commodities rallied following the recent verdict by the US Supreme Court related to tariffs. The ruling appears to have impacted global markets, pushing investors towards safer assets like gold and silver.
Experts in Dubai are closely monitoring the precious metals market as these price movements may influence trading and investment patterns in the region. As Dubai continues to be a key hub for gold and silver trade in the Gulf, these price trends are significant for investors and consumers alike.
The rise in precious metal prices also reflects broader economic and geopolitical developments shaping the commodities market worldwide. Stay tuned to Questiqa World News for more latest updates.
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