These rates are international spot price for gold, silver and platinum. Dubai retail price may be 4-5 Dirham per gram higher than these international spot rates.
| Today’s Latest Gold Price in Dubai | ||
|---|---|---|
| Gold Unit | Gold Price in AED | Gold Price in USD |
| 1 Gram Gold | AED 211.66 | $57.59 |
| 1 Ounce Gold | AED 6,583.51 | $1,791.43 |
14
Is gold cheaper in Dubai than us?
GOLD IN DUBAI IS CHEAPER Although the introduction of the Value Added Tax(VAT) in 2018 does levy a 5% tax on any items purchased, buying gold is still considerably cheaper in Dubai compared to other countries in the world. Also, tourists can claim VAT refunds in the UAE for all purchases made in the country.
Why is Dubai gold so yellow?
Yellow gold is described as such because of its yellow colour which is a result of it being alloyed with silver and copper.
Is gold tax free in Dubai?
Low gold rate and high quality of gold in the UAE are the main reasons why expats resort to buying gold in Dubai. In addition, Dubai is a tax-free haven, which means you will not incur VAT or sales tax when buying gold from Dubai.
Which country gold is cheapest?
Hong Kong. Hong Kong is currently the cheapest place to buy gold. The premium on Australian Nuggets, a type of gold coin, in Hong Kong is some of the cheapest gold to buy in the world at around $1,936 for a one-ounce gold coin.
Is gold cheaper in Dubai than UK?
Buying gold in dubai will be cheaper than the uk. I live in leicester where there’s many gold shops (indian owned). It was cheaper to buy there, also selling your gold in dubai you got a better price.
Are things cheaper in Dubai?
Dubai is indeed not cheap, but – as everywhere in the world – it also depends on the choices you make. The biggest expense is, of course, the flight and the hotel, followed by some activities and excursions. Transport and food prices are comparable to those in Western Europe.
Can I buy Dubai gold online?
Buy Gold in Dubai Renowned gold trading company in Dubai, UAE, is selling gold and other precious metals online. Buy gold online form our Online Bullion Store is good option in term of price and usability. One can buy gold bars & coins in very compatible price in few minutes.
Dubai Gold Rate – Price Today For 24, 22, 21, 18 Carat Gold
The retail gold rates in Dubai are displayed in the table below as of today. One gram of gold is expressed in AED (United Arab Emirates Dirham) at the time of publication. Rates were last updated on Tuesday, February 8th, 2022, at 10:01 p.m. local time in London.
| Type | Gold Rate (AED) |
|---|---|
| 24K | 221.00 |
| 22K | 207.50 |
| 21K | 198.00 |
| 18K | 169.75 |
The government of Dubai (Department of Economic Development) has installed outdoor signage that reflect the current retail gold rate in Dubai in real time. They are found in well-known gold trading areas such as the Gold Souk in Dubai. The officials are concerned with promoting openness and ensuring that the city preserves its designation as the ‘City of Gold.’
Valuation Calculator
Calculate the retail value of any weight of gold by entering the weight into the calculator below. Fill up the blanks with the weight in grams.
Carats/Karats Explained
When it comes to measuring the purity of gold, the carat or karat (symbol/abbreviation K) is the unit of measurement. 24K pure gold is malleable (can be molded) and ductile (can be stretched), and as a result, it is not suited for use in jewelry. Gold is frequently alloyed with other metals to create a more durable metal.
- 24-karat gold is pure gold
- 22-karat gold is an alloy consisting of 22 parts pure gold and 2 parts other metals. The percentage of gold is 91.7 (22/24)
- 21K – Alloy composed of 21 parts pure gold and 3 parts other metals
- 91.7 (22/24)
- In 18K, the gold content is 87.5 percent (21/24)
- 18K is an alloy consisting of 18 parts of pure gold and 6 parts of other metals. In 14K, the percentage of gold is 75 (18/24)
- 14K is an alloy consisting of 14 parts pure gold and 10 parts other metals. 58.3 percent of the total weight is gold (14 out of 24)
- 9K – Alloy containing 9 parts pure gold and 15 parts other metals. The percentage of gold is 37.5 (9 out of 24).
Indian and other Asian shoppers are often interested in purchasing 22K gold jewelry in Dubai, according to industry experts. European visitors and younger purchasers are more likely to prefer 18K gold jewelry than other types of jewelry. When it comes to measuring purity, several European countries employ the’millesimal fineness’ method. Approximately equal to the amount of pieces of gold in a thousand parts of alloy. As an example, 18K gold is an alloy consisting of 75% gold and 25% other metals.
These millesimal fineness values are utilized as hallmark stamps in the manufacturing process.
| Karat (K) | Parts of Gold | Gold % | Millesimal Fineness / Hallmark |
|---|---|---|---|
| 24 | 24/24 | 99.9 | 999 |
| 22 | 22/24 | 91.7 | 916/917 |
| 21 | 21/24 | 87.5 | 875 |
| 18 | 18/24 | 75.0 | 750 |
| 14 | 14/24 | 58.3 | 583/585 |
| 12 | 12/24 | 50.0 | 500 |
| 10 | 10/24 | 41.7 | 416/417 |
| 9 | 9/24 | 37.5 | 375 |
Inspectors from the Dubai Central Laboratory (which is a division of the Dubai Municipality) conduct inspections of gold and jewelry stores. Gold, other precious metals, and jewels are all subjected to stringent testing to ensure their purity and authenticity. Weighing scales are subjected to rigorous testing to verify that they are properly calibrated. Checks are carried out on a regular and irregular basis. Because all merchants are aware of the stringent laws in place, non-compliance is exceedingly unusual in this industry.
Certificates are awarded to shops that comply with the regulations.
Gold Rate in Dubai – Dollars, Euros, Pounds, Indian Rupees, and Saudi Riyals
According to the table below, the current market value of a gram of gold in Dubai is expressed in a variety of common currencies (US dollars, euros, pounds, Indian rupees, and Saudi riyals).
| Gold Type | AED | USD | EUR | GBP | INR | SAR |
|---|---|---|---|---|---|---|
| 24K | 221.00 | 60.17 | 52.74 | 44.44 | 4,496.49 | 225.74 |
| 22K | 207.50 | 56.49 | 49.52 | 41.73 | 4,221.81 | 211.95 |
| 21K | 198.00 | 53.91 | 47.25 | 39.82 | 4,028.53 | 202.24 |
| 18K | 169.75 | 46.22 | 40.51 | 34.14 | 3,453.75 | 173.39 |
The following were the currency rates that were used:
- 1 US dollar (USD) = 3.673 AED / 1 AED = 0.272 US dollars
- 1 euro (EUR) = 4.190 AED / 1 AED = 0.239 euros
- 1 British pound (GBP) = 4.973 AED / 1 AED = 0.201 British pounds
- 1 Indian rupee (INR) = 0.049 AED / 1 AED = 20.346 Indian rupees
- 1 Saudi riyal (SAR) = 0.979 AED
The most recent update to the exchange rates was made on Tuesday, February 8, 2022, at 2:22 p.m.
GMT. Please use the currency rates on this page to determine the current Dubai gold price in other currencies, which is comparable to the current gold price in Dubai.
Historic Retail Gold Rate in Dubai – 1 Gram (AED)
The table below shows the average retail gold rates in Dubai for the last 30 days, as reported by the Dubai Gold Exchange. On Tuesday, February 8th, 2022, the retail price of one gram of 24k gold was 220.50 AED at the time of publication. One gram of gold was trading at 217.75 AED on Sunday, January 9th, 2022, which was 30 days earlier. This equals a 2.75 AED per gram increase, or a 1.26 percent increase in price. On Tuesday, February 8th, 2022, the price of a gram of 24k gold in Dubai was 2205 AED (about).
| Date | 24K | 22K | 21K | 18K |
|---|---|---|---|---|
| Tuesday 8th, February 2022 | 220.50 | 207.25 | 197.75 | 169.50 |
| Monday 7th, February 2022 | 219.25 | 206.00 | 196.50 | 168.50 |
| Sunday 6th, February 2022 | 219.00 | 205.75 | 196.25 | 168.25 |
| Saturday 5th, February 2022 | 219.00 | 205.75 | 196.25 | 168.25 |
| Friday 4th, February 2022 | 219.00 | 205.50 | 196.25 | 168.25 |
| Thursday 3rd, February 2022 | 219.00 | 205.50 | 196.25 | 168.25 |
| Wednesday 2nd, February 2022 | 217.75 | 204.50 | 195.00 | 167.25 |
| Tuesday 1st, February 2022 | 218.00 | 204.75 | 195.50 | 167.50 |
| Monday 31st, January 2022 | 216.50 | 203.25 | 194.00 | 166.25 |
| Sunday 30th, January 2022 | 217.00 | 204.00 | 194.50 | 166.75 |
| Saturday 29th, January 2022 | 217.00 | 204.00 | 194.50 | 166.75 |
| Friday 28th, January 2022 | 218.00 | 204.75 | 195.25 | 167.50 |
| Thursday 27th, January 2022 | 219.75 | 206.50 | 197.00 | 169.00 |
| Wednesday 26th, January 2022 | 223.75 | 210.25 | 200.50 | 172.00 |
| Tuesday 25th, January 2022 | 223.00 | 209.50 | 200.00 | 171.50 |
| Monday 24th, January 2022 | 222.50 | 209.00 | 199.50 | 171.00 |
| Wednesday 19th, January 2022 | 220.00 | 206.75 | 197.25 | 169.00 |
| Wednesday 19th, January 2022 | 220.00 | 206.75 | 197.25 | 169.00 |
| Wednesday 19th, January 2022 | 220.00 | 206.75 | 197.25 | 169.00 |
| Wednesday 19th, January 2022 | 220.00 | 206.75 | 197.25 | 169.00 |
| Wednesday 19th, January 2022 | 219.25 | 206.00 | 196.75 | 168.50 |
| Tuesday 18th, January 2022 | 220.00 | 206.75 | 197.25 | 169.00 |
| Monday 17th, January 2022 | 220.50 | 207.00 | 197.50 | 169.25 |
| Sunday 16th, January 2022 | 220.25 | 206.75 | 197.50 | 169.25 |
| Saturday 15th, January 2022 | 220.25 | 206.75 | 197.50 | 169.25 |
| Friday 14th, January 2022 | 221.25 | 207.75 | 198.25 | 170.00 |
| Thursday 13th, January 2022 | 221.25 | 208.00 | 198.25 | 170.00 |
| Wednesday 12th, January 2022 | 220.25 | 206.75 | 197.50 | 169.25 |
| Tuesday 11th, January 2022 | 218.75 | 205.50 | 196.00 | 168.00 |
| Monday 10th, January 2022 | 217.00 | 204.00 | 194.50 | 166.75 |
| Sunday 9th, January 2022 | 217.75 | 204.50 | 195.00 | 167.25 |
International Gold Price – LBMA Gold Price – Troy Ounce
It is vital to remember that gold is a commodity that is widely traded and whose price is determined on a global scale. A benchmark price is established in London and is used as a guideline to settle deals in marketplaces all across the globe, including the United States. The London Gold Fixing is the name given to this technique of regulating the price of gold. The price of gold is determined through electronic auctions. Every working day, two auctions are held: one at 10.30 a.m. and another at 3 p.m., respectively (GMT).
The London Bullion Market Association (LBMA) Gold Price AM is the price set in the morning.
Participants in the auction at the time of writing (May 2020) include Bank of China, Bank of Communications, Coins ‘N Things, Goldman Sachs, HSBC, Industrial and Commercial Bank of China, INTL FCStone, JPMorgan Chase, Morgan Stanley, Standard Chartered, The Bank of Nova Scotia (Scotiabank), and Toronto-Dominion Bank.
The Financial Conduct Authority of the United Kingdom regulates this benchmark (FCA).
Prices in AED are also provided, as is the equivalent price in USD (1 USD = 3.673 AED).
| Date | USD (AM) | USD (PM) | AED (AM) | AED (PM) |
|---|---|---|---|---|
| Monday 7th February 2022 | 1,811.15 | 1,813.55 | 6,652.39 | 6,661.21 |
| Friday 4th February 2022 | 1,814.55 | 1,804.70 | 6,664.88 | 6,628.70 |
| Thursday 3rd February 2022 | 1,803.75 | 1,792.70 | 6,625.21 | 6,584.62 |
| Wednesday 2nd February 2022 | 1,802.00 | 1,803.65 | 6,618.78 | 6,624.84 |
| Tuesday 1st February 2022 | 1,806.50 | 1,799.85 | 6,635.31 | 6,610.89 |
| Monday 31st January 2022 | 1,790.60 | 1,795.25 | 6,576.91 | 6,593.99 |
| Friday 28th January 2022 | 1,790.20 | 1,788.15 | 6,575.44 | 6,567.91 |
| Thursday 27th January 2022 | 1,815.50 | 1,806.75 | 6,668.37 | 6,636.23 |
International Gold Price – LBMA Gold Price – Gram
The London Bullion Market Association (LBMA) Gold Price is the price of one troy ounce of pure gold. The retail pricing for one gram of gold given in Dubai is for one gram of gold. A troy ounce weighs 31.1034768 grams and has a mass of 31.1034768 grams. The London Bullion Market Association (LBMA) Gold Prices for a gram of gold for the last seven trading days are presented in the table below for comparison purposes.
| Date | USD (AM) | USD (PM) | AED (AM) | AED (PM) |
|---|---|---|---|---|
| Monday 7th February 2022 | 58.23 | 58.31 | 213.88 | 214.16 |
| Friday 4th February 2022 | 58.34 | 58.02 | 214.28 | 213.12 |
| Thursday 3rd February 2022 | 57.99 | 57.64 | 213.01 | 211.70 |
| Wednesday 2nd February 2022 | 57.94 | 57.99 | 212.80 | 212.99 |
| Tuesday 1st February 2022 | 58.08 | 57.87 | 213.33 | 212.54 |
| Monday 31st January 2022 | 57.57 | 57.72 | 211.45 | 212.00 |
| Friday 28th January 2022 | 57.56 | 57.49 | 211.41 | 211.16 |
| Thursday 27th January 2022 | 58.37 | 58.09 | 214.39 | 213.36 |
The retail gold rate in Dubai and the London Bullion Market Association’s gold price (1 gram equivalent) will often differ. Among the reasons are:
- The London Bullion Market Association’s gold price is a benchmark
- There are variances in timing. Dubai is four hours ahead of London in terms of time. It will be the previous day’s LBMA Gold Price when Dubai opens its doors for business
- The most current LBMA Gold Price will be in effect when Dubai opens its doors for business. A slight premium to cover bullion delivery expenses and customs fees is included in the advertised Dubai rate, which is referred to as a retail rate. A margin is also included to safeguard sellers against variations in the market price.
Gold Jewellery Prices
The following items are included in the price of a piece of gold jewelry purchased in Dubai:
- The price of the gold utilized in the item (the gold weight in grams multiplied by the retail gold rate in Dubai) is known as the gold price. Making charge – the amount that the retailer adds to the item’s price in order to cover the cost of manufacturing it and earn a profit
Making charge margins are low as compared to other parts of the globe, including the United States. Retailers have smaller overhead costs to cover than other industries. In January 2020, the Dubai Police claimed that there had been no robberies from any jewelry stores in the preceding year, according to their records. As a result, the insurance prices for jewelers in the city are quite inexpensive. VAT (Value Added Tax) was implemented in Dubai and the United Arab Emirates (UAE) in January 2018.
- Tourists who use the Tax Refunds for Tourists Scheme can reclaim up to 85 percent of the VAT they paid (kiosks at exit points such as Dubai International Airport).
- Only the manufacturing fee component of the price can be negotiated, though.
- Cash shoppers usually get better deals than credit card buyers.
- Making charges that are competitive, a low VAT rate, and a return mechanism all combine to make buying for jewelry in Dubai far less expensive than in many other nations.
It is crucial to know, however, that when returning to your home country, you may be required to pay import/customs duties on any gold and jewelry purchases. The regulations and tariffs differ from nation to country, and therefore cannot be described in depth here.
Gold Rate in Dubai Today: Dubai Gold Price , Gram 24K, 22K
Tuesday, February 9, 2022, 12:04 a.m. Dubai time, the gold price in Dubai is 207.50 AED/gram 22K. (Tuesday 08 February 2022, 08:04 pm GMT) (This page is updated twice daily, in the morning and evening.) (Image courtesy of Dubai GoldJewelry Group) AED is the currency used in Dubai, and the table below displays the price of gold in Dirhams (AED), per ounce, 10 tolas bar, and gram for the most widely used carats in Dubai, which are 24 carat, 22 carat, and 18 carat, in Dirhams (AED). In addition, the number 21 carat is occasionally used.
| Gold Unit | Gold Price |
|---|---|
| +0.85% | |
| Gram K24 | 221.00 DirhamsYesterday: 218.94 |
| Gram K22 | 207.50 DirhamsYesterday: 205.75 |
| Gram K21 | 198.00 DirhamsYesterday: 196.40 |
| Gram K18 | 169.75 DirhamsYesterday: 168.34 |
| 1 Gold Ounce | 6,873 DirhamsYesterday: 6,809 |
| 10 Tola Gold | 25,636 DirhamsYesterday: 25,397 |
The gold prices in dirhams shown below are the real rates given in local gold stores in Dubai at the time of publication. All foreign currency exchange rates in the following table are translated from Dirhams to their respective currencies based on the most recent AED exchange rates. For example, one dollar is equal to 3.67 AED, while one rupee is equal to 20.34 AED. The Dubai GoldJewelry Group is the source of this information. Jewelry retailers are allowed to set their own retail gold jewelry prices, which will be based on the international ounce rate and the cost of storing the gold in Dubai solely.
Gold Price Calculator in United Arab Emirates dirham
To calculate the overall price of gold, multiply the total number of grams by the price of a gram of gold. As an illustration: 10 grams of 22-karat gold is worth 2,075.00 dirhams. In Dirhams, 10 grams of 24K gold is worth 2,210.00 dirhams.
| Amount | Gold Unit | United Arab Emirates dirham (AED) | U.S. Dollar (USD) |
|---|---|---|---|
| Gram K24 | 221.00 | 60.17 | |
| Gram K22 | 207.50 | 56.49 | |
| Gram K21 | 198.00 | 53.91 | |
| Gram K18 | 169.75 | 46.22 | |
| Ounce | 6,873.10 | 1,808.32 | |
| Tola | 25,636.00 | 6,979.54 |
Gold Price Chart in Dubai in Dirhams Per Gram 22K
This is a chart of the gold price in the United Arab Emirates in United Arab Emirates dirham (AED) per gram 22K in United Arab Emirates dirham (AED). The time range for the chart can be set to 1 month, 3 months, 6 months, year to day, 1 Year, or any other time period that is available. Additionally, you may download the chart as a png or jpeg picture, or as a pdf file, or you can print the chart directly by clicking on the relevant button in the upper right corner of the chart.
Dubai Gold Rate in Indian Rupee (INR)
Based on the current spot gold price in US dollars, the Dubai gold prices are translated to Indian rupees using the current exchange rates, with one US dollar equaling 74.71 Indian rupees.
| Gold Unit | INR |
|---|---|
| 1 Ounce | 135,105 |
| 10 Tolas | 506,644 |
| 1 Gram 24K | 4,344 |
| 1 Gram 22K | 3,982 |
| 1 Gram 21K | 3,800 |
| 1 Gram 18K | 3,257 |
Dubai Gold Rate in USD, GBP, EUR
Based on the current spot gold price in USD, these gold prices are translated to other currencies using the current exchange rates, with 1 EUR equaling 1,583.37 USD and 1 GBP equaling 1,334.98 USD.
| Gold Unit | USD | EUR | GBP |
|---|---|---|---|
| 1 Ounce | 1,808 | 1,583 | 1,335 |
| 10 Tolas | 24,907 | 6,781 | 5,006 |
| 1 Gram 24K | 213.57 | 58.15 | 42.93 |
| 1 Gram 22K | 195.76 | 53.30 | 39.35 |
| 1 Gram 21K | 186.84 | 50.87 | 37.55 |
| 1 Gram 18K | 160.13 | 43.59 | 32.18 |
Similarly, the letter K represents the Karat, with 24K representing gold Karat 24, which is 99.9 percent pure gold and is referred to as “999,” 22K representing approximately 91.6 percent purity and referred to as “916,” 21K representing 87.5 percent purity and designated as “875”, and 18K representing 75 percent purity and referred to as “750.” Gold may be found in a variety of purity levels (karats), but these are the ones that are most frequently encountered in the United Arab Emirates.
Gold Price in UAE Dirhams in Previous Days
| Date | Gram 22K | Gram 24K | Ounce |
|---|---|---|---|
| 08-Feb | 206.50 | 225.27 | 7,005.98 |
| 07-Feb | 205.75 | 224.45 | 6,980.54 |
| 06-Feb | 205.75 | 224.45 | 6,980.54 |
| 05-Feb | 204.25 | 222.82 | 6,929.65 |
| 04-Feb | 205.00 | 223.64 | 6,955.09 |
| 03-Feb | 205.25 | 223.91 | 6,963.57 |
| 02-Feb | 205.25 | 223.91 | 6,963.57 |
| 01-Feb | 204.50 | 223.09 | 6,938.13 |
| 31-Jan | 204.00 | 222.55 | 6,921.16 |
| 30-Jan | 204.00 | 222.55 | 6,921.16 |
| 29-Jan | 204.00 | 222.55 | 6,921.16 |
| 28-Jan | 203.25 | 221.73 | 6,895.72 |
| 27-Jan | 206.00 | 224.73 | 6,989.02 |
| 26-Jan | 209.75 | 228.82 | 7,116.25 |
| 25-Jan | 209.00 | 228.00 | 7,090.80 |
| 24-Jan | 209.00 | 228.00 | 7,090.80 |
| 23-Jan | 208.50 | 227.45 | 7,073.84 |
| 22-Jan | 208.50 | 227.45 | 7,073.84 |
| 21-Jan | 208.50 | 227.45 | 7,073.84 |
| 20-Jan | 209.00 | 228.00 | 7,090.80 |
| 19-Jan | 207.00 | 225.82 | 7,022.95 |
| 18-Jan | 206.25 | 225.00 | 6,997.50 |
| 17-Jan | 207.25 | 226.09 | 7,031.43 |
| 16-Jan | 206.75 | 225.55 | 7,014.46 |
| 15-Jan | 206.75 | 225.55 | 7,014.46 |
| 14-Jan | 203.25 | 221.73 | 6,895.72 |
| 13-Jan | 203.50 | 222.00 | 6,904.20 |
| 12-Jan | 207.00 | 225.82 | 7,022.95 |
| 11-Jan | 205.50 | 224.18 | 6,972.05 |
| 10-Jan | 204.75 | 223.36 | 6,946.61 |
Dubai Gold Price Live – 24-hour (gold prices in United Arab Emirates dirhams AED)
| Dubai gold prices per gram 24,22,18 and 14 carat, per ounce and per tola today. We provide spot gold rice 24 hour live atlivepriceofgold. |
Dubai Gold Price | 24-hour gold rate live
The gold price in Dubai is available on LivePriceofGold.com today. Gold rates per gram are available in 24 carat, 22 carat, 18 carat, 14 carat, 10 carat, and 6 carat; gold prices per ounce and gold prices per tola are also available. The most recent update to the LivePriceofGold data is: (8 February 2022 23:08UTC)
Today: 8 February 2022 Gold Price in Dubai
| GRAMS Dubai | Gold Price per Gramin United Arab Emirates dirham | High | Low | Change |
| 1 GRAM GOLD 24K | 215.66 | 215.81 | 215.66 | -0.14 |
| GRAM 22K | 197.98 | 198.11 | 197.98 | -0.13 |
| GRAM 21K | 188.71 | 188.83 | 188.71 | -0.12 |
| GRAM 18K | 161.75 | 161.85 | 161.75 | -0.11 |
| GRAM 14K | 126.16 | 126.25 | 126.16 | -0.08 |
| GRAM 10K | 89.93 | 89.99 | 89.93 | -0.06 |
| GRAM 6K | 53.92 | 53.95 | 53.92 | -0.04 |
OUNCE
| OUNCES Dubai | Gold Price per Ouncein United Arab Emirates dirham | High | Low | Change |
| 1 OUNCE 24K | 6,707.14 | 6,711.55 | 6,707.14 | -4.41 |
| OUNCE 22K | 6,157.15 | 6,161.20 | 6,157.15 | -4.05 |
| OUNCE 21K | 5,868.75 | 5,872.61 | 5,868.75 | -3.86 |
| OUNCE 18K | 5,030.35 | 5,033.66 | 5,030.35 | -3.31 |
| OUNCE 14K | 3,923.68 | 3,926.26 | 3,923.68 | -2.58 |
| OUNCE 10K | 2,796.88 | 2,798.72 | 2,796.88 | -1.84 |
| OUNCE 6K | 1,676.78 | 1,677.89 | 1,676.78 | -1.10 |
KILOGRAM
| KILOS Dubai | Gold Price per Kgin United Arab Emirates dirham | High | Low | Change |
| 1 KILOGRAM GOLD 24K | 215,663.63 | 215,805.48 | 215,663.63 | -141.85 |
| KILOGRAM 22K | 197,979.21 | 198,109.43 | 197,979.21 | -130.22 |
| KILOGRAM 18K | 161,747.72 | 161,854.11 | 161,747.72 | -106.39 |
| KILOGRAM 14K | 126,163.22 | 126,246.21 | 126,163.22 | -82.98 |
| KILOGRAM 10K | 89,931.73 | 89,990.88 | 89,931.73 | -59.15 |
| KILOGRAM 6K | 53,915.91 | 53,951.37 | 53,915.91 | -35.46 |
TOLA
| TOLAS Dubai | Gold Price per Tolain United Arab Emirates dirham | High | Low | Change |
| 1 TOLA GOLD 24K | 2,515.46 | 2,517.11 | 2,515.46 | -1.65 |
| TOLA 22K | 2,309.19 | 2,310.71 | 2,309.19 | -1.52 |
| TOLA 18K | 1,886.59 | 1,887.83 | 1,886.59 | -1.24 |
| TOLA 14K | 1,471.54 | 1,472.51 | 1,471.54 | -0.97 |
| TOLA 10K | 1,048.95 | 1,049.64 | 1,048.95 | -0.69 |
| TOLA 6K | 628.86 | 629.28 | 628.86 | -0.41 |
Gold Price Today in United Arab Emirates
Gold prices in the United Arab Emirates were last updated on Tuesday, February 8, 2022, at 8:10 p.m. local time (Wednesday 09 February 2022, 12:10 am, Dubai time) 1 ounce of gold is equal to 6,641.99 dirhams in the United Arab Emirates. 1 gram of gold is equal to 213.57 dirhams in the United Arab Emirates. The following table displays the most recent gold price in the United Arab Emirates, expressed in United Arab Emirates dirhams (AED) per ounce of the precious metal. The rates are updated every few minutes, and more frequently during periods of significant price movement, and are based on the current spot gold price (Bid Price).
Gold price in United Arab Emirates
| Gold Unit | Gold Price in United Arab Emirates dirham (AED) | Gold Price in U.S. Dollar (USD) |
| Gold Ounce | 6,641.99 | 1,808.32 |
|---|---|---|
| 10 Gold Tola | 24,907.46 | 6,781.19 |
| Gold Gram 24K | 213.36 | 58.09 |
| Gold Gram 22K | 195.63 | 53.26 |
| Gold Gram 21K | 186.87 | 50.88 |
| Gold Gram 18K | 160.18 | 43.61 |
| Gold Gram 14K | 124.94 | 34.01 |
| Gold Gram 12K | 106.78 | 29.07 |
| Gold Gram 10K | 89.06 | 24.25 |
| Gold Gram 9K | 80.09 | 21.80 |
| Gold Gram 8K | 71.12 | 19.36 |
| Gold Price in United Arab Emirates dirham (AED) | Gold Price in U.S. Dollar (USD) | |
| Gold Ounce 24K | 6,635.35 | 1,806.51 |
|---|---|---|
| Gold Ounce 22K | 6,084.06 | 1,656.42 |
| Gold Ounce 21K | 5,811.74 | 1,582.28 |
| Gold Ounce 18K | 4,981.49 | 1,356.24 |
| Gold Ounce 14K | 3,885.56 | 1,057.87 |
| Gold Ounce 12K | 3,320.99 | 904.16 |
| Gold Ounce 10K | 2,769.71 | 754.07 |
| Gold Ounce 9K | 2,490.75 | 678.12 |
| Gold Ounce 8K | 2,211.78 | 602.17 |
| Gold Price in United Arab Emirates dirham (AED) | Gold Price in U.S. Dollar (USD) | |
| Gold Gram 24K | 213.33 | 58.08 |
|---|---|---|
| Gold Gram 22K | 195.60 | 53.25 |
| Gold Gram 21K | 186.85 | 50.87 |
| Gold Gram 18K | 160.15 | 43.60 |
| Gold Gram 14K | 124.92 | 34.01 |
| Gold Gram 12K | 106.77 | 29.07 |
| Gold Gram 10K | 89.05 | 24.24 |
| Gold Gram 9K | 80.08 | 21.80 |
| Gold Gram 8K | 71.11 | 19.36 |
| Gold Price in United Arab Emirates dirham (AED) | Gold Price in U.S. Dollar (USD) | |
| Gold Kilogram 24K | 213,326.41 | 58,079.29 |
|---|---|---|
| Gold Kilogram 22K | 195,602.60 | 53,253.89 |
| Gold Kilogram 21K | 186,847.46 | 50,870.25 |
| Gold Kilogram 18K | 160,154.96 | 43,603.07 |
| Gold Kilogram 14K | 124,920.87 | 34,010.40 |
| Gold Kilogram 12K | 106,769.98 | 29,068.72 |
| Gold Kilogram 10K | 89,046.16 | 24,243.31 |
| Gold Kilogram 9K | 80,077.48 | 21,801.54 |
| Gold Kilogram 8K | 71,108.80 | 19,359.76 |
| Gold Price in United Arab Emirates dirham (AED) | Gold Price in U.S. Dollar (USD) | |
| Gold Tola 24K | 2,488.26 | 677.44 |
|---|---|---|
| Gold Tola 22K | 2,281.52 | 621.16 |
| Gold Tola 21K | 2,179.40 | 593.35 |
| Gold Tola 18K | 1,868.06 | 508.59 |
| Gold Tola 14K | 1,457.09 | 396.70 |
| Gold Tola 12K | 1,245.37 | 339.06 |
| Gold Tola 10K | 1,038.64 | 282.78 |
| Gold Tola 9K | 934.03 | 254.29 |
| Gold Tola 8K | 829.42 | 225.81 |
According to the most recent currency rates, gold prices per ounce are translated from US dollars to United Arab Emirates dirhams, with one US dollar equaling 3.67 United Arab Emirates dirhams. Gold prices are computed in terms of ounces, grams, kilograms, and tolas, as well as for the most common karats of gold available.
Gold price chart in United Arab Emirates in United Arab Emirates dirham per ounce
The following table shows the changes in the price of gold in the United Arab Emirates over the last year in United Arab Emirates dirham (AED) per ounce, kilogram, and gram. The prices are shown in United Arab Emirates dirham (AED).
| 1 oz | 1 gm | Change | |
| Current | 6,641.99 | 213.57 | – |
|---|---|---|---|
| Yesterday | 6,808.08 | 218.91 | -2.44% |
| 30 days | 6,771.45 | 217.73 | -1.91% |
| 52 wk | 6,771.45 | 217.73 | -1.91% |
| Yr high | 6,959.20 | 223.77 | -4.56% |
| Yr low | 6,723.08 | 216.18 | -1.21% |
Historical gold prices in United Arab Emirates dirham per ounce
| Date | Ounce | Gram |
| 07 Feb 22 | 6,808.19 | 218.91 |
|---|---|---|
| 06 Feb 22 | 6,808.08 | 218.91 |
| 05 Feb 22 | 6,808.08 | 218.91 |
| 04 Feb 22 | 6,808.19 | 218.91 |
| 03 Feb 22 | 6,795.90 | 218.52 |
| 02 Feb 22 | 6,771.45 | 217.73 |
| 01 Feb 22 | 6,771.45 | 217.73 |
| 31 Jan 22 | 6,723.08 | 216.18 |
| 30 Jan 22 | 6,747.18 | 216.95 |
| 29 Jan 22 | 6,747.07 | 216.95 |
| 28 Jan 22 | 6,771.45 | 217.73 |
| 27 Jan 22 | 6,832.90 | 219.71 |
| 26 Jan 22 | 6,959.20 | 223.77 |
| 25 Jan 22 | 6,933.57 | 222.94 |
| 24 Jan 22 | 6,920.82 | 222.53 |
| 23 Jan 22 | 6,908.01 | 222.12 |
| 22 Jan 22 | 6,908.01 | 222.12 |
| 21 Jan 22 | 6,933.57 | 222.94 |
| 20 Jan 22 | 6,933.57 | 222.94 |
| 19 Jan 22 | 6,820.52 | 219.31 |
| 18 Jan 22 | 6,845.32 | 220.11 |
| 17 Jan 22 | 6,857.79 | 220.51 |
| 16 Jan 22 | 6,845.12 | 220.10 |
| 15 Jan 22 | 6,845.12 | 220.10 |
| 14 Jan 22 | 6,870.31 | 220.91 |
| 13 Jan 22 | 6,870.31 | 220.91 |
| 12 Jan 22 | 6,845.32 | 220.11 |
| 11 Jan 22 | 6,795.92 | 218.52 |
| 10 Jan 22 | 6,747.18 | 216.95 |
| 09 Jan 22 | 6,771.45 | 217.73 |
| Amount | AED |
| 1 ounce | 6,641.99 |
|---|---|
| 2 ounce | 13,283.98 |
| 3 ounce | 19,925.97 |
| 4 ounce | 26,567.96 |
| 5 ounce | 33,209.95 |
| 6 ounce | 39,851.93 |
| 7 ounce | 46,493.92 |
| 8 ounce | 53,135.91 |
| 9 ounce | 59,777.90 |
| 10 ounce | 66,419.89 |
| 20 ounce | 132,839.78 |
| 30 ounce | 199,259.67 |
| 40 ounce | 265,679.57 |
| 50 ounce | 332,099.46 |
| 60 ounce | 398,519.35 |
| 70 ounce | 464,939.24 |
| 80 ounce | 531,359.13 |
| 90 ounce | 597,779.02 |
| 100 ounce | 664,198.92 |
| 200 ounce | 1,328,397.83 |
| 300 ounce | 1,992,596.75 |
| 400 ounce | 2,656,795.66 |
| 500 ounce | 3,320,994.58 |
| 600 ounce | 3,985,193.49 |
| 700 ounce | 4,649,392.41 |
| 800 ounce | 5,313,591.32 |
| 900 ounce | 5,977,790.24 |
| 1000 ounce | 6,641,989.15 |
Gold Price in Major Cities of United Arab Emirates
| AED/oz | |
|---|---|
| Sharjah | 6,642 |
| Dubai | 6,642 |
| Abu Dhabi | 6,642 |
| Al Ain | 6,642 |
| Musaffah | 6,642 |
| Ajman | 6,642 |
| Ras al-Khaimah | 6,642 |
| Al Fujayrah | 6,642 |
| Umm al Qaywayn | 6,642 |
| Khawr Fakkān | 6,642 |
Buying Gold in Dubai: Why Is It So Popular With Expats? –
- Purity, affordability, variety, price stability, bargaining opportunity, and frequently asked questions
For a variety of reasons, Dubai is referred regarded as the “City of Gold.” Not only does Dubai have an entire souk dedicated to the sale of gold, but the practice of purchasing gold in Dubai has long been popular, particularly among the expat population and visiting visitors. Has it ever occurred to you to ponder why this particular emirate is favored when it comes to the purchase of this precious metal? There are a variety of reasons to invest in gold in Dubai. Today, MyBayut investigates those factors in order to provide you with a better understanding of why acquiring gold is such a popular option and what you can anticipate if you decide to make a purchase in the future.
5 REASONS TO BUY GOLD IN DUBAI
When it comes to gold jewelry, Dubai has a lot to offer, whether you are searching for something simple to wear every day or something a little more lavish. There are a number of other factors that contribute to the popularity of gold purchases in Dubai.
1. DUBAI GOLD IS PURE
Before purchasing gold in Dubai, make sure to inquire about the purity of the metal. When purchasing gold in Dubai, you won’t have to be concerned about the purity or the quality of the jewelry you purchase. All goods offered by jewellers is controlled by the government, which assures that any gold item sold in Dubai is genuine and of high quality. In addition, it is essential for all jewellery businesses in the city to display a gold purity hallmark on all of the products they sell, and they are required to supply it to their clients upon request.
It guarantees that each purchase is validated and that it may be valued anywhere in the globe if necessary. As a result, buying gold in Dubai is quite popular among the expat population, and many individuals bring gold back with them to their home countries.
2. GOLD IN DUBAI IS CHEAPER
Is gold cheaper in Dubai? The answer is yes if you are asking if gold is less expensive in Dubai. In Dubai, you can get the most competitive gold prices. Dubai has long been favored because of its immunity from paying taxes. It is one of the primary reasons that individuals choose to relocate to the city, as well as why they choose to purchase gold. Due to the absence of taxes in the emirate, gold prices in Dubai have always been lower than in other parts of the world, since customers would only pay for the value of the gold jewelry they purchased.
Tourists can also seek VAT refunds in the United Arab Emirates for any purchases they make while in the country.
In some countries, such as India, in addition to the value-added tax (VAT), there are a variety of other taxes, such as the goods and services tax (GST) and excise duty, that are levied on gold jewelry purchases, making it more expensive.
3. YOU HAVE A LARGER CHOICE
The Deira Gold Souk in Dubai is a series of gold shops that are open 24 hours a day. Shopping in Dubai is regarded as a utopia, and not just for clothing and technology; it is also a haven for gold enthusiasts. If you are looking to purchase gold in Dubai, you can choose from the more popular gold stores in the city, such as Damas and Joy Alukas, which are located throughout the city’s malls, or you can visit the Deira Gold Souk, which is one of the city’s oldest traditional souks and is lined with a row of jewellery shops.
4. THE PRICE FOR GOLD IN DUBAI FOLLOW INTERNATIONAL MARKET RATES
The gold prices in Dubai are determined by the international gold rates. Another aspect that contributes to the seamless nature of the gold purchasing experience in Dubai is the low gold pricing. The gold rate in Dubai is set in accordance with international gold rates, which guarantees that prices are consistent throughout all retailers in the city. Furthermore, because international gold prices vary in the same way that stock market prices do, it presents a chance for gold buyers in Dubai to take advantage of declining prices and purchase gold at the lowest possible price.
5. YOU CAN BARGAIN THE MAKING CHARGES OF GOLD IN DUBAI
In Dubai’s gold stores, you may haggle over the prices for customizing your jewelry. Another factor that contributes to the affordability of gold in Dubai is the fact that you may bargain for a lower price on the manufacturing costs, which are the fees that are charged for the creation of the jewelry. Fees for making gold jewelry vary based on the sort of gold jewelry you purchase and the store from where you purchase it.
While haggling in larger jewellery stores in the mall might be difficult, you will not have the same difficulties in the shops in the Dubai Gold Souk. Depending on the gold price in Dubai and the amount of gold you purchase, you may be able to reduce the making costs by a substantial amount.
FAQs about buying gold in Dubai
If you’re looking to buy gold jewelry, the gold souk in Dubai is a terrific location to start your search. It has a row of gold stores that sell a range of different designs and kinds of gold jewelry. You may also visit one of the many shopping malls in Dubai. A number of the most popular jewellery companies in Dubai, including as Damas, Joyalukkas, and others are represented in this section. You can also find high-end personal accessories in the Gold and Diamond Park Mall, where you can buy precious stones and jewels as well as silver, gold, and platinum jewelry and other items.
Please share your thoughts in the comments section below.
If you like it, please share it with your friends and family, and subscribe to MyBayut for more fascinating stories about life in Dubai and the United Arab Emirates.
Gulf News: Todays gold price in UAE, Gold rate in Dubai, todays Exchange rate, Indian rupee currency rate, Pakistani rupee rate, Bangladeshi taka rate, petrol price
Rates are quoted in UAE Dirhams per unit. To examine the rate for the previous 10 days, select the currency type from the drop-down menu. Rates are subject to change without notice.
UAE Gold Rates (AED)
| Type | Morning | Afternoon | Evening | Yesterday |
|---|---|---|---|---|
| OUNCE | 6,697.75 | 6,697.75 | ||
| 24 Carat | 221.00 | 221.00 | ||
| 22 Carat | 207.50 | 207.50 | ||
| 21 Carat | 198.00 | 198.00 | ||
| 18 Carat | 169.75 | 169.75 |
Silver Rates
The 21st of January in the year 2022
| Currency | Rate | Open | Low | High |
|---|---|---|---|---|
| USD per Ounce | 24.43 | 24.43 | 24.30 | 24.56 |
| AED per Ounce | 89.66 | 89.68 | 89.19 | 90.15 |
Petrol / DieselRates (AED/Ltr)
The 9th of February in the year 2022
| Type | FEB | JAN | Change |
|---|---|---|---|
| Super 98 | 2.94 | 2.65 | +10.9% |
| Special 95 | 2.82 | 2.53 | +11.5% |
| E Plus 91 | 2.75 | 2.46 | +11.8% |
| Diesel | 2.88 | 2.56 | +12.5% |
Commodity Price
The 21st of January in the year 2022
| Oil | Price | Change |
|---|---|---|
| WTI Crude $ | 84.15 | -1.40 (-1.64%) |
| Brent Crude $ | 87.03 | -1.35 (-1.53%) |
| Mars US $ | 83.65 | -0.25 (-0.3%) |
| Opec Basket $ | 88.5 | 0.42 (0.48%) |
| International Gold | Price | Change |
|---|---|---|
| $ per Ounce | 1833.2 | -6.20 (-0.34%) |
UAE Foreign Exchange rates
On the 21st of January in the year 2022,
| Currencies | UAE Dirham | |
|---|---|---|
| Buy | Sell | |
| US DOLLAR(USD) | 0.274 | 0.270 |
| EURO(EUR) | 0.243 | 0.237 |
| BRITISH POUND(GBP) | 0.202 | 0.198 |
| JAPANESE YEN(JPY) | 39.643 | 26.019 |
| AUSTRALIAN DOLLAR(AUD) | 0.385 | 0.371 |
| CANADIAN DOLLAR(CAD) | 0.347 | 0.335 |
Dubai Gold Price
The Holdings Calculator allows you to figure out how much gold and silver you have now in your possession.
- In the left text area, type a numerical value for Amount
- For the weight, you may choose between ounces, grams, and kilograms. Choose a currency from the drop-down menu. WARNING: You must first pick a currency for gold holdings, even if you do not want to input a value for your gold holdings in the first place. If you want to use an other currency than the US dollar for the Silver holdings calculator, you may do so here.
On the right, you’ll see the current price per unit of weight and currency, as well as the current exchange rate. The current value of the amount you entered is displayed on the screen. Optionally, enter the numbers for the Purchase Price and/or Future Value per unit of weight that you’ve selected. It will be computed what the current and future gain/loss will be. To be determined will be the total amount of gold and silver held, as well as the percentage of gold held vs silver held. The current spot price of gold per Troy Ounce, as well as the date and time of the price, are displayed below the calculator for your convenience.
When you return to goldprice.org, the cookie will be retrieved from your computer and the numbers entered into the calculator will be retained in the database.
Calculators for the price of gold
Gold Rate in Dubai – Today Gold Price in UAE Dirham (AED)
| Gold Unit | Gold Rate in UAE Dirham |
|---|---|
| Gram 24K | 215.57AED |
| Gram 23K | 206.59AED |
| Gram 22K | 197.61AED |
| Gram 21K | 188.62AED |
| Gram 18K | 161.68AED |
| Gram 16K | 143.71AED |
| Gram 14K | 125.75AED |
| Gram 12K | 107.79AED |
| Gram 10K | 89.82AED |
| Gram 9K | 80.84AED |
| Gram 8K | 71.86AED |
| Gram 6K | 53.89AED |
Information of UAE Dirham
| Days | USD Rate |
|---|---|
| Today | 3.67 AED |
| Yesterday | 3.67AED |
| Mon, 7th Feb | 3.67AED |
| Sun, 6th Feb | 3.67AED |
| Sat, 5th Feb | 3.67AED |
| Fri, 4th Feb | 3.67AED |
| Thu, 3rd Feb | 3.67AED |
| Wed, 2nd Feb | 3.67AED |
| Tue, 1st Feb | 3.67AED |
| Mon, 31st Jan | 3.67AED |
| Sun, 30th Jan | 3.67AED |
| Sat, 29th Jan | 3.67AED |
| Fri, 28th Jan | 3.67AED |
| Thu, 27th Jan | 3.67AED |
Description
Gold is currently trading at 215.57 UAE Dirham per gram in Dubai, according to the latest gold price in the city. We are also giving several gold charts in UAE Dirham (AED), which allow you to follow the price information over a variety of time periods (e.g., Weekly, Monthly, Yearly and Historical). This article contains information on the price of gold in all karats or purities (e.g., 24K, 23K, 22K, 21K, 18K, 14K, 10K, 9K.1K). Also available is up-to-date information on the price of gold in whatever currency, unit (or weight), and quantity of gold you choose.
Dubai(Asia) time(GMT+04:00). 24 hours a day, seven days a week, the gold and currency (in this case, the AED) information is gathered from the main markets in real time.
What is the Price ofGold inDubai today?
Gold is now trading at 215.57 AED per gram in Dubai. The rate for 10 grams of gold is 2,155.71 AED. Further data regarding the current gold rates in UAE dirham may be found in the following sections.
Gold Rate in Dubai For 10 Grams Today
| Gold | Price (Per gram) in aed | price (10 grams) in aed |
|---|---|---|
| 24k | 221.25 | 2212.50 |
| 22k | 207.75 | 2077.50 |
| 21k | 198.25 | 1982.50 |
| 18k | 170.00 | 1700.00 |
Dubai’s gold rate is now at $1,050 per ounce. For a gram of ten grams In today’s market, prices for one gram of gold are given in AED (United Arab Emirates Dirham). On Tuesday, February 8th, 2022, at 3:30 a.m. GMT, the rates were most recently updated (Dubai Time 07:30 AM)
Dubai The City Of Gold (Gold Rate in Dubai For 10 Grams Today)
Due to its status as one of the world’s most prominent gold hotspots, the United Arab Emirates is an useful location for gold market investors seeking to optimize their earnings. The renown of the country has spread to such an extent that the capital of the United Arab Emirates, Dubai, has been dubbed the ‘City of Gold.’ One of the most important tasks in investing in this precious metal is to determine the current gold rate in Dubai. The gold rate in Dubai, like the rest of the globe, is heavily influenced by a variety of variables and, as a result, swings in reaction to those circumstances.
On this website, you can get the current gold rate in Dubai for 10 grams (you can see the current Dubai gold rate in the above chart).
Gold Karat/Carat
The term “caratage” refers to the purity of gold alloyed with other metals and is used to quantify it. 24 carat gold is 100% pure gold, including no other metals. The gold content of lower caratages is lower; for example, 18 carat gold comprises 75 percent gold and 25 percent other metals, which are frequently copper or silver. The minimum caratage required for an object to be referred to as gold varies from nation to country.
What are The Measuring Units For Gold across the World?
The price of gold changes depending on the measuring unit used. As a result, various nations have distinct norms, practices, and measurement units when it comes to the gold market, which is why the measuring units used in gold trade throughout the world are diverse. The following table contains a list of common measuring units used in the worldwide gold markets, as well as their definitions:
| measurement unit | description | ||
|---|---|---|---|
| Troy Ounce (oz t) | It is commonly used to measure the mass of precious metals such as gold 1 troy ounce = 31.1034768 grams | ||
| Pennyweight (dwt) | It is maily used for measuring precious metals in united kingdom. 1dwt = 1.55517384 grams | ||
| Grams (g) | It is a metric system unit of mass. 1 grams = 0.001 Kilogram | ||
| Tola | It is traditional South Asian unit of mass. It is defined as a 3/8 troy ounce. 1 tola = 11.6638 grams (approx.) | ||
| Tael | It is commonly used in Hong Kong, Chinese, Southeast Asia etc. It equals to about 50 grams or 1.607 troy ounces. 1 tael = 50 grams(in china) 1 tael = 37.799364167 grams (in Hong Kong) 1 tael = 37.5 grams (in Japan) | ||
| Baht | It is the foremost unit of weight for gold used in Thailand. 1 Bhat = 15.244 grams | ||
| Grain | It is traditional unit of measurement and is based on the weight of a grain of weight. 1 grain = 0.0648 grams |
Gold Rate in Dubai Today in Indian Rupees – Dollars, Euros, Pounds, and Saudi Riyals / Gold Rate in Dubai Today 24k, 22k, 21k, 18k
The gold rate in Dubai per gram today is shown in the table below, along with the exchange rates for many prominent currencies (US dollars, euros, pounds, Indian rupees, and Saudi riyals). Rates were last updated on Monday, February 7th, 2022, at 07:30 a.m. local time (Dubai Time 03:30 AM)
| gold type (Per Gram) | aed | usd | eur | gbp | sar | inr |
|---|---|---|---|---|---|---|
| 24k | 221.25 | 60.24 | 52.70 | 44.50 | 225.98 | 4496.23 |
| 22k | 207.75 | 56.56 | 49.48 | 41.78 | 212.19 | 4221.88 |
| 21k | 198.25 | 53.97 | 47.22 | 39.87 | 202.49 | 4028.82 |
| 18k | 170.00 | 46.28 | 40.49 | 34.19 | 173.64 | 3454.73 |
UAE Foreign Exchange rates
| currencies | uae dirham buy | sell |
|---|---|---|
| US Dollar (USD) | 3.660 | 3.680 |
| EURO (EUR) | 4.111 | 4.149 |
| BRITISH POUND (GBP) | 4.923 | 4.961 |
| AUSTRALIAN DOLLAR (AUD) | 2.577 | 2.615 |
| CANADIAN DOLLAR (CAD) | 2.864 | 2.922 |
| JAPANESE YEN (JPY) | 0.032 | 0.032 |
| SWISS FRANC (CHF) | 3.931 | 4.010 |
| CHINESE RENMINBI YUAN (CNY) | .572 | 0.583 |
* Rates are subject to change without notice.
Different Types Of Gold Karats
24k gold is also referred to as “pure gold” or “one hundred percent gold.” In other words, all 24 portions of the gold are made entirely of pure gold, with no traces of any other metals present. It is reported to be 99.9 percent pure and takes on a distinctive brilliant yellow hue when exposed to sunlight. There is no greater grade of gold than 24K, and you should be aware of this before visiting a dealer who may try to trick you into thinking they are selling you 25K or 26K gold when they are not.
However, as compared to gold of a lower karatage, this sort of gold has a lower density, which makes it more malleable and supple.
The majority of gold coins and bars purchased are of 24K quality.
24K gold is also used in jewelry and watches. You can see the current 24k gold rate in Dubai in the table below.
22K Gold
The term “22K gold jewelry” refers to the fact that 22 parts of the jewelry are made of gold and the other 2 parts are made of other metals. This kind of gold is often utilized in the manufacture of jewelry. Only 91.67 percent of the whole weight of 22K gold is pure gold, out of a total weight of 100 percent. Metals such as silver, zinc, nickel, and other alloys make up the remaining 8.33 percent of the total. It is this combination of metals that causes the texture of gold to become tougher, hence increasing the durability of the jewelry.
21K Gold
The 21 Karat gold is composed of 87.5 percent pure gold and 12.5 percent other metals, with the remaining metals making up the remaining 7.5 percent.
18K Gold
18K gold is composed of 75 percent gold and 25 percent other metals such as copper, silver, or other precious metals. Usually, 18K gold is used in the production of studded jewelry and other diamond jewelry. When compared to 24K and 22K gold, this kind of gold is less costly. This one has a gold hue that is a little lackluster. The hallmark of 18K jewelry is rather straightforward – the item will be marked with 18K, 18Kt, 18k, or a variant of these letters or numbers. When 18K gold is stamped with the numbers 750, 0.75, or a stamp that looks similar to these, it is meant to represent that the jewelry contains 75 percent gold.
What is the Difference between 24K Gold22K Gold?
First and foremost, we must clarify what the letter “K” means in this context. Carat (with a C) relates to the weight of a gemstone, whereas “karat” (with a K) refers to the fineness of gold. The term “karat” (with a K) refers to the weight of gold. In other words, “24-karat gold jewelry” informs you of the purity rating, whereas “24-karat gold jewelry” just informs you of how heavy it is (without taking into consideration impurities). When looking for jewelry, the term “karat” is almost often used as an implication.
- Almost all sophisticated nations require jewelers to mark their gold jewelry with the karat rating of the gold they are using, and most do so by law.
- To put it another way, the greater the karat number, the purer the gold.
- 24K gold is a brilliant yellow, and its brilliance and sheen are unmistakable.
- A piece of gold jewelry stamped with the number 22K is roughly 91 percent pure gold, with the remaining 9 percent comprised primarily of copper, silver, or other metals.
- The souk is located in Al Dhagaya, a neighborhood in Dubai’s commercial business area, in the city’s Deira neighborhood.
Dubai is unquestionably a shopper’s haven. When it comes to fashion, perfume, accessories, and jewelry, the city is home to some of the most well-known brands and designers in the world. To learn more, please continue reading.
How Can The Purity Of Gold Be Determined In Dubai?
The DCLD – Dubai Central Laboratories Department – ensures the purity of gold sold in Dubai by providing a Bareeq Certification to the retailer who sells the gold. The following is the technique for doing the evaluation:
- Verification of conformity with federal and local norms and regulations by retailers
- Examining the product’s quality and ensuring its reliability
- Examining the jewelry to see whether or whether the labeling is adequate
- The findings are recorded by the inspector.
The optional certification program complements the DCLD’s inspections and evaluations. In most cases, the examination by the government takes place three times a year in total. Certification is given to jewelry retailers that adhere to ethical and legitimate trade methods in the jewelry industry. There are a variety of methods for determining the purity of gold that has been purchased, including:
- Examine the Jewelry: When a respectable business offers jewelry, it is common for the items to be stamped with the store’s purity information. When the item of jewelry is examined under a magnifying lens, the purity of the stamp may be determined. Look for Bareeq Certification: All legitimate stores in Dubai will have a Bareeq Certificate on their wall. Approach a Jeweler: If it is difficult to determine the purity of a piece of jewelry, it can be taken to a jewelry store for inspection
- However, this is not recommended.
How To Get a Low Gold Rate In Dubai?
- Learn about the Gold Rate in Dubai: The gold price in Dubai swings on a daily basis, making it difficult to predict. As a result, it is only logical to be aware of how much it costs on the open market. Being informed of the current market pricing is beneficial while bargaining with sellers. Understand the Different Types of Gold: It is critical to be informed of the various Karats and weights of gold that are available for purchase on the market. Selecting the Jewelry: Once the piece of jewelry has been selected, the Karat and weight of the piece should be established. It is beneficial to acquire the skill of negotiating by studying the Rate and Make
- Nevertheless, it is not necessary to do so. Search for Jewelry: Before purchasing any item of jewelry, take the time to look around.
Can Tourists Purchase Gold In Dubai
Gold has been considered a valuable metal since the beginning of time, and people all over the world are interested in saving and investing in it. When it comes to acquiring gold, Dubai is a gold-dream; buyer’s it is also referred to as the ‘City of Gold’ due to the vast amount of gold that is handled there. Because of the favorable costs, people choose to purchase gold from Dubai rather than other locations. Gold may be purchased by tourists in Dubai. The amount of gold that may be purchased, on the other hand, is determined by the nation in which the tourist is now resident.
Each nation has a fixed limit on the amount of gold that may be brought back, both in terms of weight and value.