Published: Mar 08, 2026, 08:30 IST | Updated: Mar 08, 2026, 08:30 IST
Escalating US-Iran conflict has forced Dubai gold traders to offer steep discounts of up to
per ounce below London benchmark prices. Airspace closures, grounded flights, and, in some cases, military threats have stranded shipments, prompting dealers to cut prices to avoid high storage and insurance costs.