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 14th October 2019

Retail Gold Rate in Dubai today

Carat Gold Rate in AED (per gram)
24K 180.5
22K 169.5
21K 161.75
18K 138.5

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
14th October 2019 180.5 169.5 161.75 138.5
13th October 2019 180.5 169.5 161.75 138.5
12th October 2019 182.75 171.5 163.75 140.25
11th October 2019 182.75 171.5 163.75 140.25
10th October 2019 182.75 171.5 163.75 140.25
09th October 2019 181.5 170.5 162.75 139.5
08th October 2019 181.5 170.5 162.75 139.5
07th October 2019 182.25 171.25 163.25 140
06th October 2019 182.25 171.25 163.25 140
05th October 2019 182.25 171.25 163.25 140
04th October 2019 182.75 171.5 163.75 140.25
03rd October 2019 181 170.25 162.25 139.25
02nd October 2019 178.5 166.75 160 137
01st October 2019 177.5 166.75 159.25 136.5
30th September 2019 181.25 170.25 162.5 139.25
29th September 2019 181.25 170.25 162.5 139.25
28th September 2019 183.25 172 164.25 140.75
27th September 2019 183.25 172 164.25 140.75
26th September 2019 182.75 171.75 163.75 140.5
25th September 2019 185.25 174 166 142.25
24th September 2019 184.25 173 165 141.5
23rd September 2019 183.75 172.5 164.75 141.25
22nd September 2019 183.75 172.5 164.75 141.25
21st September 2019 183.75 172.5 164.75 141.25
20th September 2019 182.25 171.25 163.5 140
19th September 2019 181 170 162.25 139.25
18th September 2019 182 171 163 139.75
17th September 2019 181.25 170.25 162.5 139.25
16th September 2019 180.25 169.25 161.5 138.5
15th September 2019 180.25 169.25 161.5 138.5
14th September 2019 180.25 169.25 161.5 138.5
13th September 2019 181.25 170.25 162.5 139.25

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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