Gold Rate in UAE Today

Updated June 14 2024, 07:10 UAE Time

Latest UAE Data (AED/gram)

Gold Rate in UAE

Updated 14 June 2024

  • 22kt Price

    258.75

    0.00 (0.00%)
  • 24kt Price

    279.50

    0.00 (0.00%)
Gold PriceGold Rate Today
22kt gold price per gram258.75
24kt gold price per gram279.50

Government Suggested Retail Price

Puritymorningafternooneveningyesterday
24 carat279.500.00 0.00279.50
22 carat258.750.00 0.00258.75
21 carat250.500.00 0.00250.50
18 carat214.750.00 0.00214.75

Gold Price by Emirate

22 Carat Gold Today

24 Carat Gold Today

City1 gram10 gram1 gram10 gram
Abu Dhabi264.752,647.50286.002,860.00
Ajman264.752,647.50286.002,860.00
Dubai264.752,647.50286.002,860.00
Fujairah264.752,647.50286.002,860.00
Ras al Khaymah264.752,647.50286.002,860.00
Sharjah264.752,647.50286.002,860.00
Umm Al Quwain264.752,647.50286.002,860.00

Our local data is sourced directly, analyzed and tested by us. Learn more.

Gold Price by Emirate
City1 gram10 gram
Abu Dhabi264.752,647.50
Ajman264.752,647.50
Dubai264.752,647.50
Fujairah264.752,647.50
Ras al Khaymah264.752,647.50
Sharjah264.752,647.50
Umm Al Quwain264.752,647.50
City1 gram10 gram
Abu Dhabi286.002,860.00
Ajman286.002,860.00
Dubai286.002,860.00
Fujairah286.002,860.00
Ras al Khaymah286.002,860.00
Sharjah286.002,860.00
Umm Al Quwain286.002,860.00

Our local data is sourced directly, analyzed and tested by us. Learn more.

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Historical Gold Price Performance in AED per 1 Gram

Date22k24k
14-06-24258.75279.50
13-06-24258.75279.50
12-06-24261.00281.75
11-06-24259.50280.25
10-06-24258.50279.25
09-06-24257.25277.75
08-06-24257.25277.75
07-06-24258.50279.00

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The UAE Gold Rate Market

The UAE has long been a major player in the international gold market, with over 33% of its imports being in gold reserves. The top three markets for the UAE are India, Switzerland and the USA. As of 2019, gold imports in the UAE stood at US$20 billion, a significant increase from 2018 where it was standing at US$12 billion.

Gold Rate Supply and Demand:

Gold demand in the UAE is primarily driven by consumer jewellery purchases, which account for nearly half of all gold transactions. In addition to this industry participants play a significant role as well, with institutional investors and banks buying up large chunks of gold when economic uncertainty rises or there is potential for profit. As for supply, the country relies heavily on imports from global markets to supplement their domestic production, with most coming from Africa and Europe.

Future Trends:

Going forward, the UAE’s gold market is likely to be affected by geopolitical factors such as the price of oil and economic concerns such as slower global economic growth which could slow demand for their products. Additionally, the ongoing shift away from physical gold towards digital investments may affect their status as a hub for trading precious metals. Despite these potential risks, signs point to an ever-strengthening presence in the industry given its robust infrastructure, supportive government policies and active participation in international initiatives.

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