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 20th February 2019

Retail Gold Rates in Dubai today

Carat Gold Rate in AED (per gram)
24K 162.5
22K 152.75
21K 145.75
18K 125

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
20th Feb 2019 162.5 152.75 145.75 125
19th Feb 2019 160.25 150.5 143.75 123.25
18th Feb 2019 160.5 150.75 143.75 123.25
17th Feb 2019 160 150.25 143.5 123
16th Feb 2019 160 150.25 143.5 123
15th Feb 2019 159 149.25 142.5 122
14th Feb 2019 158.5 148.75 142 121.75
13th Feb 2019 159 149.5 142.5 122.25
12th Feb 2019 158.5 148.75 142 121.75
11th Feb 2019 159.25 149.5 142.75 122.25
10th Feb 2019 159.25 149.5 142.75 122.25
09th Feb 2019 159.25 149.5 142.75 122.25
08th Feb 2019 158.5 149 142.25 121.75
07th Feb 2019 157.75 148.25 141.5 121.25
06th Feb 2019 159.25 149.5 142.75 122.25
05th Feb 2019 159.25 149.5 142.75 122.25
04th Feb 2019 159 149.25 142.5 122
03rd Feb 2019 159.5 150 143 122.5
02nd Feb 2019 159.5 150 143 122.5
01st Feb 2019 160.25 150.5 143.75 123.25
31st Jan 2019 159.75 150 143.25 122.75
30th Jan 2019 159.25 149.5 142.75 122.25
29th Jan 2019 158.5 148.75 142 121.75
28th Jan 2019 157.75 148.25 141.5 121.25
27th Jan 2019 157.75 148.25 141.5 121.25
26th Jan 2019 156.75 147.25 140.5 120.5
25th Jan 2019 155.25 145.75 139 119.25
24th Jan 2019 155.5 146.25 139.5 119.5
23rd Jan 2019 155.5 146 139.25 119.5
22nd Jan 2019 154.75 145.5 138.75 119
21th Jan 2019 155.25 145.75 139 119.25
20th Jan 2019 155.25 145.75 139 119.25
19th Jan 2019 155.25 145.75 139 119.25

Buying Gold in Dubai : Gold buying tips

  • There are multiple price components while buying gold at a jewellery shop.
    • 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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