Gold prices have seen a major jump today, February 20, 2026, following rising tensions in the Middle East. The rate for 24-karat gold in Dubai has crossed the Dh600 mark, officially touching Dh602.50 per gram. This price hike is largely due to the escalating situation between the United States and Iran, which has pushed investors towards gold as a safe asset. People in India and Dubai are now closely watching these rates before making big purchases.
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What are the Current Gold Rates in Delhi and Dubai?
For buyers comparing prices between India and the UAE, the difference remains significant despite the global price rise. While Dubai charges a 5% VAT, the prices are still generally lower than in India due to import duties and GST in Delhi. Below is the detailed price list for today.
| Region | Purity | Price per Gram | Price per 10 Grams |
|---|---|---|---|
| Dubai (AED) | 24K | Dh602.50 | Dh6,025.00 |
| Dubai (AED) | 22K | Dh558.00 | Dh5,580.00 |
| Dubai (INR Approx) | 24K | ₹14,904 | ₹1,49,040 |
| Delhi (INR) | 24K | ₹15,664 | ₹1,56,640 |
| Delhi (INR) | 22K | ₹14,360 | ₹1,43,600 |
The Dubai prices in Indian Rupees are calculated based on an exchange rate of roughly ₹24.68 to ₹24.79 per Dirham.
Why Have Gold Prices Spiked Suddenly?
The main reason for this sudden increase is the conflict and military posturing involving the US and Iran. When political situations get tense, people stop taking risks with other investments and buy gold instead. This has pushed the global spot gold prices near the historic $5,000 per ounce level.
Due to these high prices, many shoppers are waiting for the market to cool down. Retail buyers in both Delhi and Dubai are holding back on buying heavy jewelry for weddings. Experts note that gold is currently 5% to 7% cheaper in Dubai compared to Delhi, but the high base price is still affecting sales.
