Gold Rate UAE
Gold rates in UAE are influenced mainly by the London Gold Market Fixing, which is the most renowned benchmark for gold prices worldwide. Locally, prices are determined by the Dubai Gold and Jewellery Group. In the UAE, gold is available in four purity levels: 24K, 22K, 21K and 18K.
| Type | Morning | Evening | Yesterday |
|---|---|---|---|
 Ounce | 12,355.86 | 12,418.07 | |
| 24K | 397.25 | 399.25 | |
| 22K | 367.75 | 369.75 | |
| 21K | 352.75 | 354.50 | |
| 18K | 302.25 | 303.75 |
*Source: Dubai Gold & Jewellery Group.
All prices are in AED
Last update: 01 June 2025
Frequently Asked Questions (FAQ)
How often are UAE gold prices updated and who sets them?
Rates are issued twice daily by the Dubai Gold & Jewellery Group, based on the London Gold Fix and AED–USD exchange rates.
Why are gold prices usually cheaper in Dubai than in many other countries?
Lower import duties, VAT refunds for tourists, and high trading volumes help keep premiums lower—typically 5–7% below Western markets.
Is VAT included in the quoted Dubai gold price?
Yes, the 5% VAT is included in retail prices. Tourists can claim eligible VAT refunds at the airport.
Can tourists take gold bought in Dubai back home, and what are the customs limits?
Most travelers can take up to 10 kg duty-free out of the UAE, but destination country limits (e.g., 40g into India) still apply—always check your local rules.
What is the difference between 24K, 22K, 21K, and 18K gold?
Karat refers to purity: 24K = 99.9%, 22K ≈ 91.6%, 21K ≈ 87.5%, and 18K = 75%.
How do jewellers calculate making charges in the UAE?
Making charges are labor fees, either per gram or as a % of the gold value. 5%–12% is typical for plain gold items, and higher for diamond or intricate designs.
What factors influence gold prices in the UAE
Several key factors influence gold prices in the UAE:
- Global market trends: Gold prices are primarily driven by international market rates, which fluctuate based on global demand and supply dynamics. Events such as economic instability or geopolitical tensions can lead to increased demand for gold as a safe-haven asset.
- Currency strength: The value of the U.S. dollar impacts gold prices, as gold is typically priced in dollars. A stronger dollar can lead to lower gold prices and vice versa.
- Local demand: In the UAE, cultural factors and seasonal demand, particularly during festivals and weddings, can affect local gold prices. The UAE is known for its vibrant gold market, especially in places like the Gold Souk.
- Taxes and duties: The UAE has a relatively low tax regime for gold purchases, with only Value-Added Tax (VAT) applied, making it more attractive for buyers compared to other countries.
How can I buy gold safely in Dubai?
To buy gold safely in Dubai, consider the following tips:
- Choose reputable dealers: Purchase gold from well-known retailers or the Dubai Gold Souk, where merchants are regulated and offer authentic products. Look for shops displaying the Dubai Jewellery Group (DJG) certification.
- Check purity and hallmarks: Ensure the gold you buy has a hallmark indicating its purity (e.g., 24K for pure gold). You can also verify the Hallmark Unique Identification (HUID) code for authenticity.
- Get a certificate: Always request a digital certificate that details the gold’s weight and purity. This serves as proof of authenticity and can be useful for resale.
- Be cautious online: If buying gold online, conduct thorough research to avoid scams. Verify the seller’s reputation and check for customer reviews.
Latest UAE Gold Prices News
The dollar index fell 0.05 percent to 100.56, making gold less expensive for other currency holders
Following the Fed's decision, the dollar fell to its lowest since July 2023 then recovered, rising 0.37 percent to 100.97
India's August gold imports surged to $10.06 billion, compared with $3.13 billion in July
Markets are currently pricing in a 69 percent chance of a 50-basis-point cut at the conclusion of the Fed's two-day meeting
The U.S. dollar index fell 0.25 percent to 100.86, making gold less expensive for other currency holders
The dollar fell to a one-week low, making gold less expensive for other currency holders
U.S. central bank will likely start cutting interest rates next week with traders raising bets for a 25-basis-point cut to 87 percent
Traders expect the CPI report to show that inflation is nearing the Fed's 2 percent target
Traders expect the inflation data to reflect further disinflation which will support a rate cut by the Fed
China's central bank held back on buying gold for a fourth month in a row in August, according to official data
The possibility of a 50-basis-point rate cut by the Federal Reserve this month has risen from 34 percent last week to 41 percent
Traders are on the lookout for the ADP employment report and jobless claims data due later in the day
So far this year, gold prices have gained over 29 percent, rising to a record high of $2,531.60 on August 20
Gold prices may rally if reports signal a weaker economy and the Fed considers a larger rate cut
The U.S. personal consumption expenditures (PCE) price index rose 0.2 percent in July, in line with expectations
Gold prices gained almost 3 percent in the last 30 days, marking their second consecutive monthly gain
Traders priced in a 65.5 percent chance of a 25-basis-point cut and a 34.5 percent chance of a bigger 50-basis-point reduction
Markets now await the release of the U.S. PCE data, the Federal Reserve's preferred measure of inflation, on Friday
Traders now see a 70 percent chance of a 25-basis-point rate cut and about a 30 percent chance of a bigger 50-basis-point reduction
The dollar hovered near its lowest level in 13 months, making gold cheaper for other currency holders
Gold prices fell almost 1 percent this week after hitting a record high on Tuesday
U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase
Further supporting gold prices, the dollar index declined to its lowest this year, while benchmark 10-year Treasury yields dipped
