Gold Price in Dubai Today (22 Carat, 24 Carat & 18 Carat) 2024
There are many reasons why Dubai is called the city of gold. The town is particularly popular with the ex-pat community and tourists. There are many reasons to buy gold from Dubai. Let’s explore them one by one. Don’t miss out on valuable market insights – bookmark our page and stay updated on today’s gold price in Dubai.
We provide the most accurate and up-to-date gold prices in the United Arab Emirates Dirham (AED) per gram, allowing you to make informed decisions when buying and selling gold bars and coins. Our gold price data is sourced from trusted market sources and updated throughout the day to ensure you always have access to the latest information.
Whether you’re a savvy investor, a gold enthusiast, or just looking to buy a precious gift, our easy-to-use platform is your go-to source for Dubai gold prices. You can also check the Gold Prices in Saudi Arabia.
Today Gold Price in Dubai
Today, the gold rate in Dubai is 2,720.97 per gram. Gold price in UAE is 22 thousand 3,174.01 per tola. Find direct gold price in Dubai 1 kg, 24K per ounce, 24K per 10 grams, gold 22K per tola.
| GOLD UNIT | GOLD PRICE IN Dubai | GOLD PRICE IN US DOLLAR (USD) |
|---|---|---|
| Gold 24K per Ounce | AED 8,463.29 | $2,304.22 |
| Gold 24K per 10 Grams | AED 2,720.97 | $740.81 |
| Gold 22K per 10 Grams | AED 2,494.22 | $679.08 |
| Gold 24K per Tola | AED 3,174.01 | $864.16 |
| Gold 22K per Tola | AED 2,909.51 | $792.15 |
Current Gold Price in Dubai:
As of today, the price of gold in Dubai stands at the cost of purchasing one gram or one ounce of 24-karat gold in the city’s renowned gold souks and jewelry stores. However, it’s important to note that gold prices can fluctuate throughout the day due to various factors, so staying updated on the latest trends is essential.
Factors Influencing Today’s Gold Price
Global Economic Trends
- Inflation and Currency Movements: Gold prices often rise in response to inflationary pressures or fluctuations in currency values. Changes in major currencies, such as the US dollar, can impact the price of gold in Dubai.
- Interest Rates and Monetary Policies: Decisions by central banks regarding interest rates and monetary stimulus measures can influence investor perceptions of inflation and currency stability, thereby affecting gold prices.
Geopolitical Uncertainties
- Political Tensions: Heightened geopolitical tensions or conflicts in regions rich in gold reserves can disrupt supply chains and lead to fluctuations in gold prices.
- Trade Disputes and Sanctions: Trade wars and economic sanctions imposed on major gold-producing countries can also impact the supply and demand dynamics of gold, influencing its price.
Local Demand and Supply
- Tourism and Events: Dubai’s status as a global tourism hub means that events such as festivals, exhibitions, and peak tourist seasons can influence the demand for gold jewelry, affecting prices.
- Local Market Dynamics: Factors specific to the Dubai gold market, such as import duties, taxes, and regulations, can also play a role in determining gold prices.
Implications for Consumers and Investors
Jewelry Purchases
- For consumers looking to purchase gold jewelry in Dubai, today’s gold price provides valuable insight into the cost of their desired pieces. Keeping an eye on price trends can help consumers make informed purchasing decisions.
Investment Opportunities
- Investors may view today’s gold price as an opportunity to enter or exit the market based on their investment goals and risk tolerance. Gold can serve as a hedge against inflation and market volatility, making it an attractive option for portfolio diversification.
Long-Term Wealth Preservation
- Despite short-term fluctuations, gold has historically maintained its value over the long term, making it a popular choice for individuals looking to preserve their wealth and purchasing power.
Types of Gold Carats Available in Dubai
Buying gold from gold shops in Dubai is known for good quality workmanship and attractive designs apart from assured quality and purity. The Dubai government’s stringent vigilance measures deserve credit for gaining unequivocal buyer confidence in the gold jewelry business.
According to a strong mandate, to protect consumers, Dubai law mandates jewelers to assess the purity of the metal before selling gold. Buyers will be shown the sign at the time of purchase.
The presence of the hallmark shows commitment to the quality and compliance of the jewelry. A hallmark is usually a producer’s stamp and pieces of jewelry will have a metal cartage stamp. In Dubai, we will find gold metal available in 24 carats, 22 carats, 21 carats, and 18 carats.
Here is the look of 24-carat pure gold.
22 carat is 91.67% pure gold and 8.33% alloy of other metals.
21 karat is a mixture of 87.5% pure gold and 12.5% other metals.
18 karat is a mixture of 75% pure gold and 25% other metals.
Conclusion
The above gold rates are indicative and do not include GST, TCS, and other taxes. Contact your local jeweler for exact rates. Gold rates in Dubai today are largely dependent on bullion markets. The rise or fall of the City of Gold is based on many factors.
Among the prominent factors affecting gold prices are inflation rate, interest rate, taxes, local factors, supply and demand of the metal, geopolitical factors, economic factors, etc. Gold prices are lower in Middle Eastern countries as compared to Indian cities. Gold prices have come down due to tax-free policies on gold in these countries on yellow metal.
