Gold Rate Today in Abu Dhabi

The figures above are the suggested retail gold jewellery price of Dubai Jewellery Group (DJG), the trade body that facilitates the daily announcement of a unified retail gold price across the UAE market. DJG says the price is based on the international gold price converted into the local currency. There is no separate Abu Dhabi price list, so a gram of 22K costs the same in the capital as in Deira before a shop adds its own charges.

Visit Abu Dhabi, the emirate’s official tourism site, describes the same principle from the buyer’s side: gold in the city is priced according to the international daily gold rate. We read the DJG rate every 30 minutes between 07:00 and 23:00 Gulf Standard Time; the 30-day chart and the day-by-day table above show how it has moved.

Here is what today’s rate means for common weights, gold value only, before making charge and VAT:

• 22K: 1 gram costs AED 433.50, 10 grams AED 4,335.00 and one tola (11.6638 g) AED 5,056.26.
• 24K: 1 gram costs AED 468.00 and 10 grams AED 4,680.00. 24K is commonly sold as coins and bars, because it is too soft for most jewellery.
• 21K: 1 gram costs AED 415.50.
• 18K: 1 gram costs AED 356.25.

Visit Abu Dhabi lists gold in the city in 18, 21, 22 and 24 karats. For what each karat means and how it is stamped, see the 22K gold rate page and the 24K gold rate page. If a shop quotes you per tola, the tola gold price table converts it for 1 to 100 tola.

Visit Abu Dhabi points shoppers to the Madinat Zayed Shopping Centre and Gold Centre, which its souks guide calls Abu Dhabi’s iconic gold souk. The Gold Centre stands next to the main mall, which has over 400 shops, and according to Visit Abu Dhabi it is home to many jewellers, including some of the Gulf’s largest stores. The tourism site’s souvenir guide adds that the gold souk offers a wide selection and an opportunity to bargain.

Gold is also sold in the city’s malls, where Visit Abu Dhabi notes big-name jewellers. The official pages we read do not publish opening hours for the Gold Centre, so check the hours with the centre or with the shop you plan to visit.

Our directory lists six gold shops in Abu Dhabi, and the gold shops near me page helps you find listed shops close to where you are.

1. Gold value: the weight times today’s rate for the karat.
2. Craftsmanship charge: Visit Abu Dhabi says a charge for craftsmanship is added to the weight price and varies with the intricacy of the piece. Each shop sets its own; no official figure is published, so ask for it in writing.
3. VAT: 5% on jewellery.

For example, a 10 g 22K chain starts at AED 4,335.00 in gold value today, and the shop’s charge and 5% VAT come on top. The gold price calculator adds both for you.

Visit Abu Dhabi also notes that you can buy gold ingots in varying sizes. Gold of 99% purity or more, in a form tradeable on global bullion markets, is zero-rated for VAT under Article 36 of the VAT Executive Regulation, so qualifying bars carry no 5%. See gold bar prices by weight and the shops that sell gold bars and coins.

Visitors can reclaim VAT on jewellery under the UAE’s Tax Refund for Tourists scheme. According to the UAE government portal, the purchase must be at least AED 250 from a participating retailer, the tourist must be 18 or older, the goods must leave the country with you, and you validate the purchase at the point of exit within 90 days. You receive 85% of the VAT paid, after a fee of AED 4.80 per tax-free tag. Ask for the tax-free tag at the till.

The rate on this page is the price for buying jewellery, not a quote for selling it. Before you sell, ask each buyer to write down the weight it measured, the karat it found, the rate per gram it pays and any deduction, and compare two or three offers. Shops that buy gold are listed under places that buy gold, together with a short guide to selling.