Dubai gold prices rose by over Dh13 per gram on Monday as a result of the successful peace talks between the US and Iran. This sparked a rally in international gold prices. The rise was led by shifts in the perceptions of investors about interest rates, inflation and foreign exchange.
The 24K gold price rose Dh13.75 to Dh521.75 per gram at the market opening on June 15, 2026. The 22K gold price was trading at Dh483 per gram, up by Dh12.25 per gram. Additionally, 21K, 18K and 14K gold saw an increased price at Dh463, Dh396.75 and Dh309.5 per gram, respectively.
After Washington and Tehran reached a peace agreement to end months of tension, the global financial markets immediately reacted to the news. The accord also enabled the opening up of the Strait of Hormuz. This helped reduce the fears over supply issues, causing a fall in the price of crude oil.
Meanwhile, the US dollar became weaker against other currencies, offering a perfect market for buying gold. International gold prices climbed nearly 3%, with spot gold rising to around $4,336 per ounce. Gold futures also moved higher as investors increased their exposure to the precious metal. The jump marked one of the strongest daily increases seen in recent weeks.
Investors are now focusing on the upcoming indications that the Fed will signal from its next policy decision. According to market players, declining oil prices could help bring down inflation expectations and the extent of interest rate increases.
Gold could continue to rally if expectations for future interest-rate hikes ease. As it pays no interest whatsoever. This development can help further drive the price of precious metals higher.
For the time being, investors will be analyzing the prospects of implementation of the accord and its capacity to ensure stability in the area. These factors may continue to dictate the performance of gold in the coming weeks.
Also read: Dubai Gold Prices Hold Firm at Dh522 as Israel-Iran Tensions Cool Down