Dubai Gold Rate
Today Gold Rate in Dubai are following 24K 163.25 AED, 22K 153.25 AED, 21K 146.25 AED, and 18K 125.25 AED.
All the prices of Gold are in AED (United Aram Emirates Dirham) of one gram gold. Gold prices are updated on Mon 19th of February 2018 at 9:33 pm +04.
Gold Rates is managed by the government department called Department of Economic Development which is able to decide Dubai Live gold Rates retail, They are located in Gold Souk and they usually check and balance the prices of Gold to check transparency which confirms and retain the status which is called "Gold City".
- Gold is widely traded and London Gold fixing is responsible for updating daily gold prices.
- The prices of gold depends on different factors of the market which is purity of gold it self.
- Dubai is known as City of Gold and hub of gold Trade because of no VAT/GST/sales taxes which is good for buying gold in good condition. Traders of gold are in Gold Souk in Deira which sells gold in jewelry, bullion, and bars.
- The gold price in Dubai is set on a daily basis across Gold Souk and see what the gold rate is today.
- The daily Dubai gold rates also apply to the rest of the UAE but it may be different rate as per gram.
- When buying gold, always compare the best prices around the globe and different deals to save the money.
- Find out the best gold rate in Dubai UAE.
Gold Karats Explained:
The Karat is the unit to measure the purity of gold and the measurement symbol is K.
24K – pure gold
22K – alloy with 22 parts of pure gold and 2 parts of other metals
21K – alloy with 21 parts of pure gold and 3 parts of other metals
18K – alloy with 18 parts of pure gold and 6 parts of other metals
Gold Rates in Dubai in Dollars, Euros, Indian Rupees, and Pounds.
Below is the price table which shows the current prices of gold per gram for several buying popular currencies such as US Dollars, Euros, Pound and Indian Rupees.
Following are the exchange rates for above table currency.
US dollars - 1 US dollar (USD) = 3.673 AED / 1 AED = 0.272 US dollars
Eurozone euros - 1 euro (EUR) = 4.238 AED / 1 AED = 0.236 euros
British pounds - 1 British pound (GBP) = 4.786 AED / 1 AED = 0.209 British pounds
Indian rupees - 1 Indian rupee (INR) = 0.057 AED / 1 AED = 17.514 Indian rupees
LBMA Gold Price (International Gold Price) Count in Troy Ounce:
Gold international price is set internationaly and it is the common trade and the price is set in London and this price consider for the trade market all around the world.
Members of the London Bullion Market Association (LMBA) is auctions to establish the price of gold, The price is set always international.
|Date||USD (AM)||USD (PM)||AED (AM)||AED (PM)|
|Monday 19th February 2018||1,347.40||-||4,949.22||-|
|Friday 16th February 2018||1,358.60||1,352.10||4,990.36||4,966.48|
|Thursday 15th February 2018||1,353.70||1,352.45||4,972.36||4,967.77|
|Wednesday 14th February 2018||1,330.75||1,336.25||4,888.06||4,908.26|
|Tuesday 13th February 2018||1,329.40||1,325.35||4,883.10||4,868.22|
|Monday 12th February 2018||1,321.70||1,322.30||4,854.82||4,857.02|
|Friday 9th February 2018||1,316.05||1,314.10||4,834.06||4,826.90|
|Thursday 8th February 2018||1,311.05||1,315.45||4,815.70||4,831.86|
LBMA Gold Price (International Gold Price) Count in Gram.
The LBMA Gold Price is the price of the pure gold per gram, Dubai retail is considered is for one gram. There are 31.103 in a troy ounce. The prices from last 7 days are showing below in the table.The Dubai retail rate and the LBMA Gold Price (1 gram equivalent) will usually differ. Reasons include: The LBMA Gold Price is a benchmark.
Timing differences. Dubai is four hours ahead of London. When Dubai opens for business the most recent LBMA Gold Price will have been set the previous day.
The Dubai rate quoted is a retail rate and includes a small premium to cover bullion delivery charges and customs duties. It also includes a margin to protect sellers from price fluctuations.
|Date||USD (AM)||USD (PM)||AED (AM)||AED (PM)|
|Monday 19th February 2018||43.32||-||159.12||-|
|Friday 16th February 2018||43.68||43.47||160.44||159.68|
|Thursday 15th February 2018||43.52||43.48||159.86||159.72|
|Wednesday 14th February 2018||42.78||42.96||157.15||157.80|
|Tuesday 13th February 2018||42.74||42.61||157.00||156.52|
|Monday 12th February 2018||42.49||42.51||156.09||156.16|
|Friday 9th February 2018||42.31||42.25||155.42||155.19|
|Thursday 8th February 2018||42.15||42.29||154.83||155.35|
Gold Jewelry PricesThe price of an item of gold jewelry in Dubai comprises of:
Gold Price – the price of the gold used in the jewelry (gold weight in grams multiplied by the Dubai retail gold)
Making Charge- the amount added by the retailer to incur the cost of production and make profit)
Bargaining is accepted in many shops and outlets in Dubai that sell gold and jewelry which includes the Gold Souk and Diamond Park. But one thing should be kept in mind that only the making charge of any particular item can be negotiated. Always remember, no retailer will sell any gold item at a price equal to or less than the live value of its gold content. Cash buyers usually get the deal at cheap prices.
The making charges on any jewelry or gold item are low as compared to the other places across the globe. Also, Dubai does not have the VAT or sales tax system. And this is what makes jewelry shopping cheaper in Dubai than in many other countries.
However, one must note that one has to pay import/customs duties when returning to your homeland. The rules and rates differ from one country to another, which cannot be discussed here in detail.