Gold Rate Today in Dubai and UAE

The rate on this page is the suggested retail gold jewellery price published by Dubai Jewellery Group (DJG), the trade body of Dubai’s gold and jewellery sector, on dubaicityofgold.com. DJG explains that it recommends this price to the retail trade in coordination with the Consumer Protection Department of Dubai Economy, and that the price is based on the international gold price converted into the local currency.

It is one rate for the whole country. DJG says it facilitates the daily announcement of a unified retail gold price across the UAE market, so a gram of 22K has the same rate in Dubai, Abu Dhabi, Sharjah, Ajman and the other emirates. What changes from shop to shop is the making charge, not the rate. The city pages for gold in Abu Dhabi and gold in Sharjah cover the local markets.

DJG publishes a rate per gram for 24K, 22K, 21K, 18K and 14K, and its page shows how long ago the rate was last updated, so the rate can change during the day. Prices for 10 grams, a tola or an ounce are simple multiplication of the per-gram rate, not separate published rates.

The karat tells you how much of the metal is pure gold. The more gold, the higher the price per gram.

The two weights people ask about most are 1 gram and 10 grams. Today 10 grams of 24K cost AED 4,680.00 and 10 grams of 22K cost AED 4,335.00, before making charge and VAT. If you think in tola (11.6638 grams), every karat is on the tola gold price page; one troy ounce is 31.1035 grams.

Do not work out the 22K or 21K price by multiplying the 24K rate by the purity. DJG sets a separate rate for each karat, and on the day this guide was written the 22K rate was higher than 91.6% of the 24K rate. Always use the published rate for the karat you are buying.

The rate is the price of the gold only. A shop bill is built in three steps:

1. Gold value: the weight in grams multiplied by today’s rate for the karat.
2. Making charge: the shop’s charge for the work. No authority publishes a standard figure. Visit Abu Dhabi describes it as a charge for craftsmanship that varies with how intricate the piece is, and Visit Dubai notes that Gold Souk retailers will bargain if your offer is fair. Ask for the making charge per gram or as a total before you agree.
3. VAT: jewellery is charged at the standard UAE VAT rate of 5%. Bars and coins of 99% purity or more, in a form traded on global bullion markets, are zero-rated under Article 36 of the VAT Executive Regulation. Gold bars have their own page: gold bar price in Dubai.

The gold price calculator does these three steps for any weight, karat and making charge.

Visitors can reclaim VAT on jewellery from shops in the Tax Free scheme. According to the UAE government portal, the purchase must be at least AED 250, the tourist must be 18 or older, the goods must leave the country with the tourist and the purchase must be validated at departure within 90 days. The refund is 85% of the VAT paid, after a fee of AED 4.80 per tax-free tag.

Before you pay, check the hallmark: DJG states that every gold jewellery item must carry an official hallmark or tag issued under UAE standards. Ask for an invoice that shows weight, karat, rate, making charge and VAT. DJG also notes that under anti-money laundering rules a shop may ask for a copy of your Emirates ID or passport.

The UAE rate follows the international gold price converted into dirhams. The Central Bank of the UAE keeps the dirham at a fixed exchange rate against the US dollar: it buys dirhams at 3.673 and sells them at 3.672 per dollar. So the conversion into dirhams hardly changes, and the moves you see in the rate come from the international gold price itself.

That means the rate in Dubai rises when the world price rises and falls when it falls, whatever happens in local shops. We do not forecast the gold price and nobody can promise where it will go next week. What you can check is where it has been, in the chart and the day-by-day table above.

• The 30-day chart shows the rate per gram for one karat at a time; switch karat with the buttons above it. The lowest and highest rate of the period are printed under the chart.
• The “Gold rate by day” table shows the last reading of each of the last 7 days for 24K, 22K, 21K and 18K. The row “Yesterday” answers the common question about yesterday’s rate, and the small plus or minus figure is the change from the day before.
• History: the note under the chart says where each period of data comes from. Older days are not shown on this page.

The best-known market is the Dubai Gold Souk on the Deira side of Dubai Creek, free to visit and about five minutes on foot from Al Ras and Gold Souq metro stations on the Green Line, according to Visit Dubai. Our Dubai Gold Souk guide covers getting there, making charges and checks before paying. In Abu Dhabi, Visit Abu Dhabi points to the Madinat Zayed Shopping Centre and Gold Centre; in Sharjah, Visit Sharjah lists the Central Souk and Sharjah Gold Centre.

To compare shops, use the directory of gold shops, with jewellers, bullion dealers and diamond shops in Dubai, Abu Dhabi and Sharjah. Every shop sells at the same rate, so compare the making charge, the design and the buy-back terms.

When you sell, the rate is your reference point too. Ask the buyer to weigh the gold in front of you, to say which karat they accept it as and to show how their offer compares with today’s rate for that karat, then compare two or three offers. The list of places that buy gold includes a short guide on selling.

Emirae.Pro reads the DJG rate page every 30 minutes between 07:00 and 23:00 Gulf Standard Time and stores each new rate with the time we read it. The time of the last reading is shown next to the rates. Prices per tola, ounce and multi-gram weights are our arithmetic from the per-gram rate; we never present a calculated figure as a DJG rate. Outside those hours the page shows the last rate read.