Dubai Gold Rate – Today’s price of 24,22,21 & 18 Carat Gold

Dubai Gold Rate – Today’s price of 24,22,21 & 18 Carat Gold

Updated on 09th December 2019

Retail Gold Rate in Dubai today

Carat Gold Rate in AED (per gram)
24K 176.75
22K 166.25
21K 158.5
18K 136

Gold Price in Dubai is fixed every day, by the Dubai Gold & Jewellery Group, based on the London Gold Market. Dubai’s Department of Economic Development displays the current gold price in digital notice boards at prominent gold trading locations including Gold Souq and Gold & Diamond Park.

Recent Dubai Gold Price Trends (per gram)

24K 22K 21K 18K
09th December 2019 176.75 166.25 158.5 136
08th December 2019 176.75 166.25 158.5 136
07th December 2019 176.75 166.25 158.5 136
06th December 2019 178.75 167.75 160.25 137.25
05th December 2019 179 168.25 160.5 137.5
04th December 2019 179.25 168.25 160.5 137.75
03rd December 2019 176.75 166 158.5 135.75
02nd December 2019 177 166.25 158.75 136
01st December 2019 177.25 166.5 159 136.25
30th November 2019 177.25 166.5 159 136.25
29th November 2019 176.75 166 158.25 135.75
28th November 2019 176.5 165.75 158 135.5
27th N0vember 2019 176.5 165.75 158 135.5
26th November 2019 176.5 165.75 158 135.5
25th November 2019 177 166.25 158.75 136
24th November 2019 177 166.25 158.75 136
23rd November 2019 177 166.25 158.75 136
22nd November 2019 177.5 166.75 159 136.25
21st November 2019 178.25 167.5 159.75 137
20th November 2019 178.5 167.75 160 137.25
19th November 2019 177.25 166.5 159 136.25
18th November 2019 177.5 167 159.25 136.5
17th November 2019 177.75 167 159.5 136.5
16th November 2019 177.75 167 159.5 136.5
15th November 2019 177.5 166.75 159.25 136.5
14th November 2019 177.5 166.75 159 136.25
13th November 2019 176.75 166.25 158.5 136
12th November 2019 176.5 165.75 158 135.5
11th November 2019 177 166.25 158.75 136
10th November 2019 177 166.25 158.75 136
09th November 2019 177 166.25 158.75 136
08th November 2019 180 169 161.25 138.25

There are multiple price components while buying gold at a jewellery shop.Buying Gold in Dubai : Gold buying tips

    • Actual gold weight.
      • The weight of the jewellery is usually calculated including the weight of gem stones. The gem stones are generally considered as low valued, compared to the gold.
    • Making charges for the gold jewellery
      • Making charges are fixed as a % of the weight of the gold and added to the price of the jewellery. Intricate designs are usually priced at a higher % than simpler designs.
  • It is advisable to invest in Gold coins or bars if the purpose of buying gold is only for investment since gold coins and gold bars are usually charged nil making charges and do not contain any worthless gem stones
  • Every jewellery shop, including the large ones always provide a discount. Always haggle on the making charges % and reduce it as much as possible.
  • Find out if the shops have a reward program and capitalize on any cash back that they provide as part of the rewards programs

Gold Carats explained

A carat is 1/24 part of pure gold by weight

  • 24 carat = pure gold
  • 22 carat = 22 parts pure gold, 2 parts other metals
  • 21 carat = 21 parts pure gold, 3 parts other metals
  • 18 carat = 18 parts pure gold, 6 parts other metals

How is International Gold Price Calculated?

The international gold price is set by the London Bullion Market Association (LBMA). It is determined by auctions that takes place twice a day. The participants of the LBMA are Bank of China, Barclays, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Scotia-Mocatta , Societe Generale, Standard Chartered, and UBS.

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