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Hi there,This is Dr Basu, experienced Internal Medicine Specialist.I am here to address your concerns and provide great service.
How long you have noticed them?
Can be just dilated blood capillaries.
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Do you have any itching?
No this is not yeast infection.
This is likely contact dermatitis the similar one from groin but can appear differently on top of penis ( glans).
You can apply hydrocortisone ointment or any steroid ointment prescribed by your dermatologist for 10 days.
That should resolve the issue.