Translated with AI
Dubai has begun selling gold at deep discounts due to the operation against Iran, Bloomberg reports, citing sources.
In recent years, the United Arab Emirates has become a major hub for precious metals trading. Gold is commonly transported in the cargo holds of passenger aircraft.
However, since February 28, many flights to and from Dubai have been cancelled or delayed. As a result, the removal of gold from the United Arab Emirates has become difficult.
Now that it has become difficult to export gold from the UAE, many buyers are canceling previously placed orders or even selling off existing gold.
According to Bloomberg sources, gold discounts are reaching $30 per ounce, which is about 31.1 grams, compared to the price set by the London Bullion Market Association.
As of March 5, the price set by the London Bullion Market Association was $5,100.
