With Dubai gold prices dropping Dh7 amid the Israel-Iran ceasefire, is now the right time to buy or wait for further decline?

Gold prices in Dubai have dropped sharply, with 22K gold falling to Dh370.25 per gram, marking a Dh13 decline from the June 13 peak. The dip follows the announcement of a ceasefire between Israel and Iran, calming global markets and reducing demand for gold as a safe-haven asset. Analysts suggest that if the current stability holds, prices could slide further toward Dh360 levels — a potentially attractive entry point for buyers. Should shoppers lock in prices now or hold off for deeper discounts? What’s your take — buy now or wait? Let us know your thoughts!

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