Dubai Gold Supply Disrupted by War
Analysis based on 8 articles · First reported Mar 06, 2026 · Last updated Mar 07, 2026
The ongoing conflict in the Middle East, particularly the actions by Iran, has severely disrupted Gold supply chains through United Arab Emirates — Dubai, leading to significant discounts on Gold in the region. This situation, coupled with soaring logistics costs for refiners like MMTC-PAMP, could lead to a longer-term tightness in physical Gold availability, especially for major consumers like India, if the conflict persists.
The ongoing war in the Middle East, involving Iran, the United States, and Israel, has led to significant disruptions in the global Gold market. United Arab Emirates — Dubai, a crucial hub for Gold refining and export, is experiencing severe logistical challenges due to the partial closure of United Arab Emirates' airspace from Iranian missile barrages. This has grounded flights, making it difficult for suppliers to move bullion and leading traders in United Arab Emirates — Dubai to offer Gold at discounts of up to $30 an ounce to the global benchmark. Buyers are reluctant to pay high shipping and insurance costs, and many shipments remain stranded. While India, a major Gold consumer, currently has ample stock, prolonged disruptions could lead to problems. Refiners like MMTC-PAMP are also facing challenges in sourcing semi-refined Gold bars (doré) and have seen logistics costs increase by 60-70% since the war began.
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