Saudi gold prices stay flat as oil, Iran tensions shape bullion market mood

Last updated: May 11, 2026 | 10:05

In Dubai, 24K gold opened at Dh568.25 per gram on Monday morning, unchanged from Sunday evening’s close. IANS

The comes despite international gold prices slipping in early trade, signalling that UAE buyers are still seeing elevated rates hold near historic highs.

In Dubai, 24K gold opened at Dh568.25 per gram on Monday morning, unchanged from Sunday evening’s close.

Meanwhile, 22K gold held steady at Dh526.25 per gram. The flat opening suggests the local market is pausing after sharp swings last week, when international gold prices climbed amid fears surrounding the ongoing US-Iran conflict and disruptions around the Strait of Hormuz.

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Global market trends

International gold prices, however, edged lower as markets reopened after the weekend.…