Gold Rate In Dubai Today

Updated April 25 2024, 08:47 Dubai Time

Gold Rate in Dubai

Gold Rate in Dubai

Updated 25 April 2024

  • 22kt Price

    260.50

    0.00 (0.00%)
  • 24kt Price

    281.25

    0.00 (0.00%)
Gold PriceGold Price Today
22kt gold price in Dubai per gram260.50
24kt gold price in Dubai per gram281.25

Gold Rate in Dubai

Puritymorningafternooneveningyesterday
24 carat281.250.00 0.00281.25
22 carat260.500.00 0.00260.50
21 carat252.000.00 0.00252.00
18 carat216.000.00 0.00216.00

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
25-04-24260.50281.25
24-04-24260.50281.25
23-04-24261.25282.00
22-04-24262.25283.25
21-04-24268.25289.50
20-04-24268.25289.50
19-04-24267.25288.50
18-04-24266.75288.25

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FAQ: Gold Rate in Dubai

What factors affect the gold rate in Dubai?

Multiple factors can have an impact on gold prices in Dubai, including fluctuations in global markets, speculation and investor activity, economic and political events, supply and demand for gold, currency exchange rates, and more. When global markets are unstable or when there’s demand for gold investments, prices can rise.

Is it possible to buy or sell physical gold in Dubai, or does one have to invest through paper assets such as ETFs or futures?

One can buy/sell physical gold (coins/bars) in designated spots throughout Dubai. For those interested in investing with paper assets such as ETFs or futures contracts, they can do so through the Dubai Gold & Commodities Exchange (DGCX). Additionally, one can take physical delivery of the purchased gold at several outlets distributed throughout the DMCC Free Zone.

Who sets the official gold rate in Dubai?

Dubai’s gold rate is based on market data provided by several precious metal exchanges including the DGCX and London Bullion Market Association’s (LBMA). Recommended retail gold rates are issued by The Dubai Jewellery Group (DJG) three times a day, at 9:00 AM, 1:30 PM, and 6:00 PM UAE time. These rates are given in UAE Dirhams per gram for 18 ct, 21 ct, 22 ct, and 24 ct gold jewellery at the retail level and reflect any changes in the international bullion market. These prices can be seen on Electronic Retail Jewellery Price Display Boards installed at DJG member stores. The Dubai Commercial Compliance & Consumer Protection Department supervises this process to ensure uniformity and transparency in gold jewellery pricing throughout Dubai.
The gold rate in Dubai is a topic of interest for many, especially those planning to invest in this precious metal. Dubai, known as the ‘City of Gold‘, offers a variety of options for gold buyers, with prices that are often more competitive than in many other parts of the world. The price of gold is typically quoted per gram, and this article will focus on the rate for 10 grams of gold in Dubai.

Understanding the Gold Rate in Dubai

The gold rate in Dubai is determined by several factors, including the international spot price of gold, the weight and purity of the gold, and the fees charged by the seller. The international spot price of gold is the most significant factor, as it represents the current market price for gold around the world. This price fluctuates throughout the day based on supply and demand in the global market.

When it comes to the weight and purity of the gold, the rate is typically quoted per gram for 24K gold, which is the purest form of gold. However, gold is also sold in other karats, such as 22K, 18K, and 14K, with each karat representing a different level of purity. The lower the karat, the lower the purity of the gold, and consequently, the lower the price.

The Role of the Seller

The fees charged by the seller also play a role in the gold rate in Dubai. These fees can include a premium over the spot price of gold, as well as any applicable taxes. The premium is essentially the seller’s profit margin, and it can vary from one seller to another. Therefore, it’s always a good idea to compare prices from different sellers before making a purchase.

It’s also worth noting that the gold rate in Dubai is quoted in the local currency, the United Arab Emirates dirham (AED). Therefore, if you’re comparing prices from different countries, you’ll need to take into account the current exchange rate.

How to Check the Gold Rate in Dubai

There are several ways to check the gold rate in Dubai. One of the most convenient ways is to check online. There are numerous websites that provide up-to-date information on the gold rate in Dubai, quoted in AED per gram for different karats of gold.

Another way to check the gold rate is to visit a gold souk or a gold dealer in Dubai. These places typically display the current gold rate prominently, and you can also ask the seller for the rate. However, keep in mind that the rate you see may not include the seller’s fees, so be sure to ask for the total price before making a purchase.

Understanding the Gold Rate Chart

When checking the gold rate online, you’ll often see a gold rate chart. This chart shows the historical and current gold rate in Dubai. The x-axis represents the date, while the y-axis represents the gold rate. This chart can be useful for tracking the gold rate over time and identifying trends.

For example, if the gold rate has been steadily increasing over the past few months, this could indicate that the demand for gold is high and that it might be a good time to buy. On the other hand, if the gold rate has been decreasing, this could indicate that the demand for gold is low and that it might be a good time to sell.

Factors Influencing the Gold Rate in Dubai

As mentioned earlier, the gold rate in Dubai is influenced by several factors. However, there are a few key factors that have a particularly significant impact on the gold rate.

The first is the international spot price of gold. This price is determined by supply and demand in the global market. For example, if the demand for gold is high, the spot price will increase, and vice versa. The spot price of gold is also influenced by geopolitical events, economic indicators, and other macroeconomic factors.

The Role of the US Dollar

The second key factor is the value of the US dollar. Gold is typically priced in US dollars on the international market, so changes in the value of the US dollar can have a direct impact on the gold rate. For example, if the US dollar strengthens, the gold rate in AED will increase, and vice versa.

Finally, the local demand for gold in Dubai can also influence the gold rate. For example, during the wedding season or during festivals when the demand for gold jewelry is high, the gold rate may increase.

Conclusion

In conclusion, the gold rate in Dubai for 10 grams is influenced by a variety of factors, including the international spot price of gold, the weight and purity of the gold, the fees charged by the seller, the value of the US dollar, and the local demand for gold. By understanding these factors and how they influence the gold rate, you can make more informed decisions when buying or selling gold in Dubai.

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