Fractures are ubiquitous in geological systems. As reactive fluid flow through a fracture, dissolution of the fracture walls may occur, thus altering the fracture aperture and increasing permeability. It has been recognized that gravity plays an important role in dissolving vertical fractures due to buoyancy‐driven convection. However, the role of gravity in dissolving horizontal fractures is not well understood. Here, we combine microfluidics/Hele‐Shaw experiments and a numerical method to study how the interplay of buoyancy‐driven convection and forced convection controls dissolution dynamics and permeability increase in horizontal fractures. We first develop the micro‐continuum approach by incorporating the gravitational effects, and then, we perform experiments to validate our method, confirming that the method can well capture gravitational effects on dissolution. Through 3D simulations, we find that buoyancy‐driven convection breaks the symmetry of dissolution on the upper and lower surfaces. We employ a symmetry index to identify three dissolution regimes. As the importance of gravity increases (Ri increases), the dissolution regime shifts from forced convection to mixed convection and to natural (or buoyancy‐driven) convection. We establish a link between these dissolution regimes and permeability evolution. In the forced convection or natural convection regimes, the permeability nearly remains unchanged for various Ri. However, in the mixed convection regime, permeability increase is suppressed by the gravitational effects; the underlying mechanism is that the solid phase tends to dissolve near the fracture inlet due to gravitational instability. This work improves our understanding of the gravitational effects on dissolution regimes and permeability evolution in horizontal fractures.