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 22nd August 2019

Retail Gold Rate in Dubai today

Carat Gold Rate in AED (per gram)
24K 181.75
22K 170.75
21K 163
18K 139.5

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
22nd August 2019 181.75 170.75 163 139.5
21st August 2019 182 171 163.25 140
20th August 2019 181 170 162.25 139.25
19th August 2019 181.25 170.25 162.25 139.25
18th August 2019 183.25 172.25 164.25 140.75
17th August 2019 183.25 172.25 164.25 140.75
16th August 2019 184.25 173 165.25 141.5
15th August 2019 184.25 173 165.25 141.5
14th August 2019 181.75 170.75 163 139.5
13th August 2019 184.75 173.75 165.75 142
12th August 2019 182.25 171.25 163.25 140
11th August 2019 182.25 171.25 163.25 140
10th August 2019 182 171 163 139.75
09th August 2019 182 171 163 139.75
08th August 2019 181.75 170.75 163 139.5
07th August 2019 177 166.25 158.75 136
06th August 2019 177 166.25 158.75 136
05th August 2019 176 165.25 157.75 135.25
04th August 2019 174.5 163.75 156.25 134
03rd August 2019 170.25 160 152.75 130.75
02nd August 2019 170.25 160 152.75 130.75
01st August 2019 170.75 160.25 153 131.25
31st July 2019 173 162.5 155.25 133
30th July 2019 172.75 162.25 154.75 132.75
29th July 2019 172 161.5 154.25 132.25
28th July 2019 171.75 161.25 154 132
27th July 2019 171.75 161.25 154 132
26th July 2019 172.75 162.25 154.75 132.75
25th July 2019 173 162.5 155 132.75
24th July 2019 173 162.5 155 133
23rd July 2019 173 162.5 155 133
22nd July 2019 173 162.5 155 132.75
21st July 2019 172.75 162.25 154.75 132.75

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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