# @bazaartimes on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DVjOmG8CnWL
- **Gondola URL:** https://gondola.cc/posts/61779128-bazaartimes-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/bdfeb4e893.jpg
- **Posted:** 2026-03-06T16:56:00.000+00:00
- **Account Owner:** Bazaar Times (@bazaartimes) — https://gondola.cc/bazaartimes

## Caption

#Goldprices in the UAE edged higher on Thursday morning, tracking #globalgains as investors shifted money into safer assets amid escalating conflict in the Middle East and fresh volatility in currency markets.

In Dubai, the price of 24-karat gold reached Dh623.25 per gram at 9.56 am, up from Dh619.25 on Wednesday. The 22-karat variety climbed to Dh577 per gram compared with Dh573.50 a day earlier, extending the recent upward trend in local #jewellery markets.

Movement in local prices mirrored developments in global bullion markets where investors increased exposure to precious metals while geopolitical risk continued to rise.

Internationally, bullion pushed higher after the US dollar weakened and the conflict involving the United States, Israel and Iran entered its sixth day without signs of easing.

Gold rose as much as 0.9% to move above $5,180 an ounce, following a 1% advance in the previous session. Investors turned to the metal amid growing concerns over the widening military confrontation and potential disruptions to global energy supplies.

US and Israeli forces continued strikes on Iranian targets, while Tehran launched missile attacks across several countries in the region and targeted key energy infrastructure. Shipping concerns intensified after the Strait of Hormuz, a critical oil transit route,was effectively blocked during the escalation.

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- **Likes:** 12
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## Tags

goldprices, globalgains, jewellery

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