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 04th December 2020

Retail Gold Rate in Dubai today

CaratGold Rate in AED (per gram)

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)

04th December 2020222.5209199.5171
03rd December 2020222.5209199.5171
02nd December 2020217.25204.25194.75167
01st December 2020217.25204.25194.75167
30th November 2020214.5201.5192.25164.75
29th November 2020216.5203.5194.25166.5
28th November 2020219.25205.75196.5168.25
27th November 2020219.75206.5197168.75
26th November 2020219.25206196.75168.5
25th November 2020219207.75196.25168.25
24th November 2020219207.75196.25168.25
23rd November 2020226.75213203.25174.25
22nd November 2020226.5212.75203174
21st November 2020226.5212.75203174
20th November 2020226.25212.5202.75173.75
19th November 2020227.5213.75204174.75
18th November 2020227.5213.75204174.75
17th November 2020228.75214.75205175.75
16th November 2020228.75215205175.75
15th November 2020228.75215205175.75
14th November 2020228.75215205175.75
13th November 2020229.25215.5205.5176.25
12th November 2020227.25211.5203.75173
11th November 2020225.25211.5201.75173
10th November 2020228214.25204.5175.25
09th November 2020237.75223.25213182.75
08th November 2020236.25222211.75181.5
07th November 2020236.25222211.75181.5
06th November 2020232.25218.25208.25178.5
05th November 2020232.25218.25208.25178.5
04th November 2020231217207177.5
03rd November 2020231217207177.5

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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