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🥇 Gold is currently cheaper in Dubai than global benchmark prices. Traders in Dubai are reportedly selling gold at discounts of about $30 per ounce (around ₹2,500) compared with the London bullion market price. 📌 Why this is happening: • Flights across the Middle East have been disrupted due to the Iran–Israel conflict. • Gold is usually transported in aircraft cargo. • With flights cancelled or delayed, shipments are stuck in Dubai. • Traders are offering discounts to clear excess inventory. 📊 Why it matters: Dubai is one of the world’s biggest gold trading hubs and a major supply route for countries like India. When logistics are disrupted, local prices can temporarily diverge from global benchmarks. 💡 Bottom line: The cheaper gold in Dubai is not due to falling global prices. It is a temporary logistics issue caused by flight disruptions and stranded shipments. Follow @myfintaxofficial

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This post was published on 08th March, 2026 by Suraj on his Instagram handle "@myfintaxofficial (MYFINTAX | Finance & Tax Educator | CA Suraj Soni)". Suraj has total 177.3K followers on Instagram and has a total of 2.9K post. Suraj receives an average engagement rate of 1.16% per post on Instagram. This post has received 0 comments which are lower than the average comments that Suraj gets. Overall the engagement rate for this post was lower than the average for the profile.