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 April 2019

Retail Gold Rates in Dubai today

Carat Gold Rate in AED (per gram)
24K 155
22K 145.5
21K 139
18K 119

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
22nd Apr 2019 155 145.5 139 119
21st Apr 2019 154.5 145.25 138.50 118.75
20th Apr 2019 154.5 145.25 138.5 118.75
19th Apr 2019 154.5 145.25 138.50 118.75
18th Apr 2019 154.5 145 138.5 118.75
17th Apr 2019 154.75 145.25 138.75 118.75
16th Apr 2019 155.75 146.25 139.5 119.50
15th Apr 2019 155.75 146.25 139.75 119.75
14th Apr 2019 156.25 146.75 140 120
13th Apr 2019 156.25 146.75 140 120
12th Apr 2019 156.5 147 140.25 120.25
11th Apr 2019 158 148.5 141.5 121.5
10th Apr 2019 158 148.5 141.5 121.5
09th Apr 2019 157.25 147.75 141 120.75
08th Apr 2019 157.25 147.5 140.75 120.5
07th Apr 2019 156.5 147 140.25 120.25
06th Apr 2019 156.5 147 140.25 120.25
05th Apr 2019 156.25 146.75 140 120
04th Apr 2019 156.5 147 140.25 120.25
03rd Apr 2019 156.25 146.75 140 120
02nd Apr 2019 155.75 146.25 139.75 119.75
01st Apr 2019 156.75 147.25 140.5 120.25
31st Mar 2019 156.5 147 140.25 120.25
30th Mar 2019 156.5 147 140.25 120.25
29th Mar 2019 156.5 147 140.25 120.25
28th Mar 2019 158 148.5 141.75 121.5
27th Mar 2019 159.25 149.75 142.75 122.5
26th Mar 2019 159.5 149.75 143 122.5
25th Mar 2019 159.5 149.75 143 122.5
24th Mar 2019 159 149.5 142.5 122.25
23rd Mar 2019 159 149.5 142.5 122.25
22nd Mar 2019 159 149.25 142.5 122
21st Mar 2019 159.75 150 143.25 122.75

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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