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 15th June 2019

Retail Gold Rate in Dubai today

Carat Gold Rate in AED (per gram)
24K 162.5
22K 152.5
21K 145.5
18K 124.75

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
15th June 2019 162.5 152.5 145.5 124.75
14th June 2019 161.75 152 145 124.25
13th June 2019 161.75 152.00 145 124.25
12th June 2019 161.25 151.5 144.75 124.00
11th June 2019 161 151.25 144.25 123.5
10th June 2019 162.25 152.5 145.5 124.75
09th June 2019 162.25 152.5 145.5 124.75
08th June 2019 161.00 151.25 144.25 123.75
07th June 2019 161.00 151.25 144.25 123.75
06th June 2019 161 151.25 144.25 123.75
05th June 2019 161 151.25 144.25 123.75
04th June 2019 159.25 149.5 142.75 122.25
03rd June 2019 158.75 149.25 142.25 122.00
02nd June 2019 158 148.5 141.75 121.5
01st June 2019 158.00 148.50 141.75 121.5
31st May 2019 155.25 145.75 139 119.25
30th May 2019 155.5 146 139.5 119.5
29th May 2019 155.5 146 139.5 119.5
28th May 2019 155.25 146 139.25 119.25
27th May 2019 156 146.5 139.75 119.75
26th May 2019 155.75 146.25 139.5 119.5
25th May 2019 155.75 146.25 139.5 119.5
24th May 2019 155.50 146 139.25 119.5
23rd May 2019 154 144.75 138.25 118.5
22nd May 2019 154.25 145.00 138.25 118.50
21st May 2019 154.5 145 138.5 118.5
20th May 2019 154.25 145 138.25 118.5
19th May 2019 154.75 145.25 138.75 118.75
18th May 2019 154.75 145.25 138.75 118.75
17th May 2019 157 147.25 140.75 120.5
16th May 2019 157 147.5 140.75 120.5
15th May 2019 157.25 147.75 141 120.75
14th May 2019 157.25 147.75 141 120.75

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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