Dubai experienced a significant surge in gold and silver prices during early trading on February 23, 2026. The price of 24K gold rose by more than 6 dirhams per gram, driven by increased demand from investors. Meanwhile, silver prices saw a notable climb, with spot silver reaching $87.23 per ounce—a 3.1 percent rise—which marked a more than two-week high.
This upward trend in precious metal prices is linked to a recent US Supreme Court ruling on tariffs, which has positively influenced global commodity markets. According to market experts, investors are increasingly turning to safe-haven assets amid ongoing global economic uncertainties.
The Dubai gold market continues to serve as a vital trading hub in the Gulf region, and these price changes may have important implications for:
- Jewellery sales
- Investment strategies
Traders remain attentive to further developments in international trade policies and economic indicators that could affect metal prices. For continued coverage and the latest updates on these market movements, follow Questiqa World News.
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