Gold Ounce Price in the UAE Today: Grams in an Ounce of Gold

The gold ounce price in the UAE is today's per-gram rate multiplied by 31.1035, because an ounce of gold is a troy ounce of 31.1035 grams. That is the figure the Dubai Jewellery Group (DJG) uses too. The world price of gold is quoted in US dollars per troy ounce, while UAE shops work from DJG's rate in dirhams per gram. The table below gives the price of an ounce for every karat and updates with each new rate. The rest of this guide explains the units, why the two prices are quoted differently, and how ounce coins and bars are sold.

31.1035 g

in one troy ounce, the ounce used for gold

28.35 g

in an ordinary (avoirdupois) ounce, which is not used for gold

2 a day

LBMA Gold Price auctions in London

5 karats

priced per gram by DJG every day

Gold ounce price in the UAE today, by karat

DJG publishes a suggested retail price per gram for 24K, 22K, 21K, 18K and 14K gold.⁴ Multiplied by the weight of an ounce and of the common fractions, it gives the value of the gold:

Weight	24K, AED	22K, AED	21K, AED	18K, AED
1/10 ounce 3.1104 g	1,455.64	1,348.34	1,292.35	1,108.06
1/4 ounce 7.7759 g	3,639.11	3,370.84	3,230.88	2,770.16
1/2 ounce 15.5518 g	7,278.22	6,741.68	6,461.75	5,540.31
1 troy ounce 31.1035 g	14,556.44	13,483.37	12,923.50	11,080.62
10 ounces 311.035 g	145,564.38	134,833.67	129,235.04	110,806.22

The 24K column is the one to use for an ounce bar or coin. The other columns are an ounce by weight of jewellery gold: an ounce of 22K weighs 31.1035 grams, but 22 of its 24 parts are gold and 2 parts are other metals, so it holds about 28.51 grams of pure gold.³ For a single karat in detail, see the 24K gold rate or the 22K gold rate.

How many grams are in an ounce of gold?

Gold is weighed in troy ounces. The US National Institute of Standards and Technology (NIST) gives one troy ounce as 31.103 476 8 grams, and DJG rounds it to 31.1035 grams.¹³ The ounce on a kitchen scale is a different unit, the avoirdupois ounce, which NIST puts at 28.349 52 grams.² A troy ounce is therefore about 9.7% heavier.

The karat does not change the weight. An ounce of 24K gold and an ounce of 18K gold both weigh 31.1035 grams; the karat only says how much of that weight is gold.³

Troy ounce (oz t)

31.1035 g. The unit of NIST's conversion sheet for precious metal sales and of the world gold price.¹

Avoirdupois ounce (oz)

28.349 52 g. The everyday ounce for food and parcels.²

Pennyweight (dwt)

One twentieth of a troy ounce, 1.555 g. NIST's worked example has a gold buyer in the United States weighing jewellery in pennyweights.¹

Gram

The unit of the DJG rate and of UAE shop scales. One gram is 0.032 150 75 troy ounce.¹⁴

Ounces	Grams
1/10 troy ounce	3.1104
1/4 troy ounce	7.7759
1/2 troy ounce	15.5518
1 troy ounce	31.1035
10 troy ounces	311.035
0.375 troy ounce	11.6638 (1 tola)
3.75 troy ounces	116.638 (10 tola)
32.15 troy ounces	1,000 (1 kg)

A tola, the South Asian weight still used for bars, is about 11.664 grams by the conversion of India's Income Tax Department, so 10 tola is 3.75 troy ounces and a kilo is about 32.15.¹⁵¹

Why the world price is in US dollars per ounce

NIST notes that the price of gold is traditionally given in troy ounces and US dollars.¹ The wholesale market is built on that unit. The bar that settles a gold trade in London holds 350 to 430 fine troy ounces, and its weight is recorded in troy ounces.⁸ LBMA describes its gold price as the global benchmark price for unallocated gold delivered in London.⁷ The LBMA Gold Price is set twice a day in auctions run by ICE Benchmark Administration, starting at 10:30 and 15:00 London time; LBMA calls its sterling and euro prices indicative, for settlement only.⁷ It is not published on weekends or UK bank holidays.⁷ The World Gold Council's price data are likewise quoted per troy ounce unless stated otherwise.⁹

Why UAE shops quote dirhams per gram

DJG publishes its daily rate in AED per gram, one figure per karat, and UAE shops weigh gold in grams.⁴ DJG says the rate is based on the real-time international gold price converted into the local currency, and that the jewellery retail trade follows it.⁵ The conversion from dollars to dirhams is stable, because the Central Bank of the UAE keeps a fixed exchange rate against the US dollar: it buys dirhams at 3.673 and sells them at 3.672 per dollar.⁶

From a dollar price per ounce to dirhams per gram

1. Take the price in US dollars per troy ounce. This is the world price you see in the news.
2. Convert it to dirhams. Multiply by the fixed rate, about 3.67 dirhams per dollar.⁶
3. Convert it to grams. Divide by 31.1035, or by 31.103 476 8 for NIST's exact figure.¹

The result is the value of a gram of pure gold at the world price. Do not expect it to match the DJG figure to the fils: DJG's rate is its suggested retail price for jewellery gold, not a live conversion you can repeat at home.⁴⁵ For shopping in the UAE, use the DJG rate: it is the figure shops work from.

The UAE rate in US dollars per ounce

To compare the UAE rate with a dollar price in the news, run the steps backwards: multiply DJG's 24K rate per gram by 31.1035, then divide by about 3.6725, the middle of the central bank's two rates.⁶ The answer is the UAE retail rate in US dollars per ounce. Because the DJG figure is a suggested retail price, do not expect it to equal the world price exactly.⁴

Coins and bars sold by the ounce

Many investment products are made in ounces, not grams. DMCC's UAE Bullion Coins are 9999 gold, and the first design comes in 1 oz, 1/2 oz, 1/4 oz and 1/10 oz.¹⁰ A UAE refiner lists 1/2 ounce and 1 ounce minted bars next to its gram and tola sizes, and a 1/2 ounce coin.¹³ Dubai bullion dealers also sell 1 oz coins from other mints, such as the Britannia and the Maple Leaf.¹⁴

• VAT. Gold of 99% purity or more in a form tradeable in global bullion markets is zero-rated under Article 36 of the VAT Executive Regulation, so an ounce coin or bar of 9999 or 999.9 gold carries no VAT.¹¹ Jewellery carries the standard 5%.¹²
• Premium. A coin or bar is sold at the dealer's price, which is above the value of its gold. On the price list of one Dubai dealer we read on 14 November 2026, its 1 oz coin cost more per gram than DJG's 24K rate of that day.¹⁴ No authority publishes these premiums.
• Compare per gram. Divide the dealer's price by 31.1035 for a 1 oz piece, and compare the result with the 24K rate and with other dealers on the same day.

Check the weight in grams

UAE shop scales and invoices work in grams, so turn the ounce size into grams before you pay. A 1 oz piece of 9999 gold weighs 31.1035 grams, a 1/2 oz piece 15.55 grams and a 1/10 oz piece 3.11 grams.³¹⁰ Fineness 9999 is 999.9 parts of gold per thousand, written the way LBMA's rules write fineness, so almost the whole weight is gold.⁸ If a coin is not 9999 or 999.9, ask the dealer whether the ounce on it is the weight of the coin or the weight of the gold inside it, and ask for both figures in grams on the invoice.

Sizes, purities and the VAT rule for bars are covered in our guide to gold bars, biscuits and coins, and the price of gold bars from 1 g to 1 kg is worked out daily.

Where to check and buy

• Today's rate. Today's gold rate in the UAE shows DJG's figure for every karat, per gram and for common weights.
• Your own weight. The gold price calculator takes grams, tola or ounces and any karat.
• How the rate has moved. Our gold price history lists the daily rate from our archive.
• Ounce coins and bars. See the bullion dealers that sell ounce coins and bars in the UAE.