Dubai Gold Sells $30 Cheaper Amidst War: Supply Chain Disruption Blamed

• Gold in Dubai is selling for $30 per ounce less than international prices, a strange trend given global tensions.
• The discount is due to gold shipments being stuck in Dubai as flights are affected and airspaces partially closed in the Middle East.
• Traders are selling at lower prices to avoid storage and funding costs, while buyers are hesitant due to increased shipping and insurance costs.
• Dubai is a major global gold trading hub, crucial for supplying gold to Asian countries like India.
• Prolonged Middle East tensions could impact India's gold supply and disrupt the refining sector, despite current sufficient stock.