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 January 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)

22nd January 2020188.25176.75168.75144.5
21st January 2020188.75177.5169.25145
20th January 2020188.5177.25169145
19th January 2020188.5177.25169145
18th January 2020188.5177.25169145
17th January 2020188.25177168.75144.75
16th January 2020188.25177168.75144.75
15th January 2020188.25177168.75144.75
14th January 2020186.5175.25167143.25
13th January 2020188.25177168.75144.75
12th January 2020189.25177.75169.5145.25
11th January 2020189.25177.75169.5145.25
10th January 2020187.5176168144
09th January 2020190.75179171146.5
08th January 2020192.75181.25172.75148.25
07th January 2020188.75177.5169.25145
06th January 2020190.75179.25171146.5
05th January 2020188176.5168.5144.5
04th January 2020188176.5168.5144.5
03rd January 2020186.5175167143.25
02nd January 2020185173.75166142.25
01st January 2020183.75172.5164.75141.25
31st December 2019184.5173.25165.5141.75
30th December 2019183172164140.5
29th December 2019183172164140.5
28th December 2019182.25171.25163.25140
27th December 2019182.25171.25163.25140
26th December 2019182.25171.25163.25140
25th December 2019181.5170.5162.75139.5
24th December 2019180.75169.75162138.75
23rd December 2019179.5168.5160.75137.75
22nd December 2019179168.25160.5137.75

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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