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UAE Gold price & Gold rate in UAE Today

February 27, 202430 min read

Historically, gold adorned the people of the Arabian Peninsula as a symbol of wealth, tradition, and celebration. As the UAE emerged, gold trade became a cornerstone of the economy, with Dubai establishing itself as the undisputed “City of Gold.” This remarkable transformation was driven by a combination of strategic factors, including the emirate’s geographical advantage as a trading hub, favorable tax policies, and commitment to maintaining world-class standards of quality.

The bustling heart of Dubai’s gold trade is the iconic Gold Souk. This labyrinthine marketplace teems with an astounding array of gold offerings. Shop windows glitter with intricate traditional designs inspired by Emirati heritage, alongside contemporary pieces catering to diverse global tastes. Strolling through the Souk is a captivating experience, engaging the senses with the sounds of bargaining and the intoxicating scent of melting gold.

Table of Contents

    Gold Purity Standards: Understanding Karats

    The UAE gold market offers various gold purities, measured in karats (K). Here’s a breakdown:

    • 24K Gold: The purest form of gold, containing 99.9% gold. It’s ideal for investment but often considered too soft for everyday jewellery.
    • 22K Gold: A popular choice for traditional jewellery, containing 91.7% gold. It balances beauty and durability.
    • 21K Gold: Contains 87.5% gold, offering a blend of attractiveness and affordability.
    • 18K Gold: Comprises 75% gold, often mixed with other metals for increased strength. Popular for fashion jewellery.

    Ethical Sourcing: A Growing Imperative

    The UAE, recognizing its global influence, has taken significant strides towards ethical gold practices. The UAE government works to eliminate conflict gold and support sustainable mining practices. The Dubai Multi Commodities Centre (DMCC) plays a vital role in driving responsible sourcing through initiatives and compliance protocols. For conscious consumers, seeking out certified ethically-sourced gold from reputable UAE retailers is now possible.

    Investing in UAE Gold

    UAE gold offers diverse investment avenues:

    • Physical Gold: Buying gold bars, coins, or jewellery holds the timeless appeal of owning tangible assets.
    • Gold ETFs: Exchange-Traded Funds provide exposure to gold price movements without the need for physical storage.
    • Gold Savings Accounts: Offered by certain banks, these allow accumulating gold over time, even in small amounts.

    The Future is Golden

    The UAE’s gold market stands poised for continued evolution. Innovation is driving change, with online platforms and blockchain technology enhancing accessibility and transparency for investors. Sustainability holds paramount importance, with the UAE further cementing its position as a leader in responsible gold practices. As global demand for gold remains robust, the UAE’s golden legacy is destined to shine ever brighter.

    UAE Gold Rate Today 22 Carat Abu Dhabi

    As of today, February 27, 2024, the price of 22 karat gold in Abu Dhabi is AED 228 per gram.

    Gold Rate This Week in UAE

    Gold Rates – February 17 to February 26, 2024

    DateOunce24 Carat (AED/gram)22 Carat (AED/gram)21 Carat (AED/gram)18 Carat (AED/gram)
    February 267,464.78246.25228.00220.75189.25
    February 257,472.12246.50228.25221.00189.25
    February 247,472.12246.50228.25221.00189.25
    February 237,431.75245.25227.00219.75188.25
    February 227,435.42245.25227.00219.75188.50
    February 217,446.43245.75227.50220.25188.75
    February 207,453.77246.00227.75220.50189.00
    February 197,406.06244.25226.25219.00187.75
    February 187,391.38243.75225.75218.50187.25
    February 177,391.38243.75225.75218.50187.25

    Gold Rate in UAE Last 10 Days

    Gold Rates – February 17 to February 26, 2024

    DateOunce24 Carat (AED/gram)22 Carat (AED/gram)21 Carat (AED/gram)18 Carat (AED/gram)
    February 267,464.78246.25228.00220.75189.25
    February 257,472.12246.50228.25221.00189.25
    February 247,472.12246.50228.25221.00189.25
    February 237,431.75245.25227.00219.75188.25
    February 227,435.42245.25227.00219.75188.50
    February 217,446.43245.75227.50220.25188.75
    February 207,453.77246.00227.75220.50189.00
    February 197,406.06244.25226.25219.00187.75
    February 187,391.38243.75225.75218.50187.25
    February 177,391.38243.75225.75218.50187.25

    One Month Gold Rate in UAE

    Gold Rates – February 17 to February 26, 2024

    DateOunce24 Carat (AED/gram)22 Carat (AED/gram)21 Carat (AED/gram)18 Carat (AED/gram)
    February 267,464.78246.25228.00220.75189.25
    February 257,472.12246.50228.25221.00189.25
    February 247,472.12246.50228.25221.00189.25
    February 237,431.75245.25227.00219.75188.25
    February 227,435.42245.25227.00219.75188.50
    February 217,446.43245.75227.50220.25188.75
    February 207,453.77246.00227.75220.50189.00
    February 197,406.06244.25226.25219.00187.75
    February 187,391.38243.75225.75218.50187.25
    February 177,391.38243.75225.75218.50187.25

    Gold Rate in UAE and India (Comparative)

    Differences Between UAE and India

    • Taxes: UAE has a minimal tax on gold, whereas India imposes import duties and other taxes, making gold slightly more expensive in India.
    • Purity Preferences: 22K gold is more popular in India, while 24K is preferred in the UAE.
    • Cultural Significance: Gold plays a more significant role in the culture and traditions of India, impacting demand and prices.

    Gold Price in UAE by Carat

    Gold Rate 18k UAE


    As of today, Monday, February 27, 2024, at 4:24 AM PST the price of 18 karat gold in the UAE is approximately AED 189.25 per gram.

    18k Gold Per Gram UAE

    As of today, Monday, February 27, 2024, at 4:24 AM PST, the price of 18 karat gold in the UAE is approximately AED 189.25 per gram.

    14k Gold Price in UAE

    The price of 14 karat gold in the UAE, as of today, Monday, February 27, 2024, at 4:24 AM PST is approximately AED 139.42 per gram.

    21k Gold Price per Gram in UAE

    The price of 21 karat gold in the UAE, as of today, Monday, February 27, 2024, at 4:24 AM PST, is approximately AED 221.00 per gram.

    Gold Products in UAE

    18k Gold Bracelet UAE Price in UAE

    Price of an 18k gold bracelet in the UAE to range from:

    • AED 500 to AED 2,000: For lighter weight, simpler designs from less-known brands.
    • AED 2,000 to AED 10,000: For moderate weight bracelets with some design elements or from established brands.
    • AED 10,000 and above: For heavier bracelets with intricate designs, gemstones, or well-known luxury brands.

    10 Gram Gold Coin Price in UAE

    The price of a 10-gram gold coin in the UAE depends on the carat and the specific retailer. However, based on today’s gold prices (February 27, 2024), here’s an approximate range:

    CaratApproximate Price (AED)
    24KAED 2,401.85 – AED 2,676.00
    22KAED 2,280.00 – AED 2,529.08
    10 Gram Gold Coin Price in UAE approximate range

    8 Gram Gold Coin Rate in UAE

    As of today, February 27, 2024, the price of an 8-gram gold coin in the UAE depends on the carat and the specific vendor, but here’s an approximate range:

    8 Gram Gold Coin Price in UAE

    Gold Price Range – Carat Wise

    CaratApproximate Price (AED)
    24KAED 1,921.48 – AED 2,140.80
    22KAED 1,824.0

    Gold Price Range – Carat Wise

    Gold Price Range – February 27, 2024

    CaratPrice Range (AED/gram)
    24KAED 240.19 – AED 267.60
    22KAED 228.00 – AED 252.91
    21KAED 221.00 – AED 245.82
    18KAED 189.25 – AED 210.13
    14KAED 139.42 – AED 154.33
    Table for the given gold price range data as of February 27, 2024

    3 Tola Gold Price in UAE

    As of today, February 27, 2024, the price of 3 Tola gold in the UAE depends on the specific carat and vendor. However, based on current market rates, here’s an approximate range

    CaratApproximate Price (AED)
    24KAED 7,205.77 – AED 8,028.00
    22KAED 6,840.00 – AED 7,587.30
    3 Tola Gold Price Range

    3 Gram Gold Price in UAE

    The price of 3 grams of gold in the UAE, as of February 27, 2024, depends on the specific carat and the vendor you choose. However, based on current market rates, here’s an approximate range:

    Gold Price Range – As of February 27, 2024

    CaratApproximate Price (AED)
    24KAED 720.59 – AED 802.80
    22KAED 684.00 – AED 758.73
    21KAED 663.00 – AED 737.46
    18KAED 567.75 – AED 630.39

    Gold Earrings for Ladies UAE

    Here are some popular styles of gold earrings for ladies in the UAE:

    • Classic studs: Versatile for any occasion, available in various sizes, plain or embellished with gemstones.
    • Hoop earrings: Diverse in size and style, from small and delicate to large and statement-making, plain or embellished with gemstones.
    • Jhumkas: Traditional Indian earrings, typically large and ornate, often made of gold and embellished with pearls, beads, or other gemstones.
    • Chandelier earrings: Long and elegant, dangling from the earlobe, often made of gold and embellished with diamonds or other gemstones.
    • Cluster earrings: Feature a cluster of gemstones or diamonds set in gold, available in various sizes and styles.

    Remember to consider the occasion, your personal style, and your budget when selecting gold earrings. With a wide variety of styles available, you’re sure to find the perfect pair for you.

    Gold Earrings for Ladies in UAE (Approximate Prices)

    StyleDescriptionAverage Price (AED)
    Classic StudsVersatile for any occasion, various sizes, plain or embellished with gemstones.500 – 2,000
    Hoop EarringsDiverse in size and style, small and delicate to large and statement-making, plain or embellished with gemstones.1,000 – 3,000
    JhumkasTraditional Indian earrings, typically large and ornate, often made of gold and embellished with pearls, beads, or other gemstones.2,000 – 5,000
    Chandelier EarringsLong and elegant, dangling from the earlobe, often made of gold and embellished with diamonds or other gemstones.3,000 – 10,000+
    Cluster EarringsFeature a cluster of gemstones or diamonds set in gold, available in various sizes and styles.1,500 – 4,000

    Gold Jhumka Price in UAE

    Gold Earrings for Ladies in UAE (Approximate Prices)

    StyleDescriptionAverage Price (AED)
    Classic StudsVersatile for any occasion, various sizes, plain or embellished with gemstones.500 – 2,000
    Hoop EarringsDiverse in size and style, small and delicate to large and statement-making, plain or embellished with gemstones.1,000 – 3,000
    JhumkasTraditional Indian earrings, typically large and ornate, often made of gold and embellished with pearls, beads, or other gemstones.2,000 – 5,000
    Chandelier EarringsLong and elegant, dangling from the earlobe, often made of gold and embellished with diamonds or other gemstones.3,000 – 10,000+
    Cluster EarringsFeature a cluster of gemstones or diamonds set in gold, available in various sizes and styles.1,500 – 4,000

    Gold Chain Price in UAE

    The price of a gold chain in the UAE depends on several factors, including:

    • Carat: Higher carat gold (like 24K) is generally more expensive than lower carat gold (like 18K).
    • Weight: The heavier the chain, the more gold it uses, and consequently, the higher the price.
    • Design: Simpler designs are typically less expensive than intricate or elaborate designs.
    • Brand: Reputable and well-known brands often command a premium price compared to lesser-known brands for similar chains.

    Here’s an approximate price range for different carat gold chains in the UAE, but remember this is just a starting point:

    Gold Chain Price Range (AED per gram)

    CaratPrice Range (AED per gram)
    24K240 – 267
    22K228 – 252
    18K189 – 210
    Gold Chain Price Range

    Gold Bracelet for Women UAE

    Gold bracelets are a popular and timeless jewelry item for women in the UAE. Here are some popular styles to consider:

    Gold Bracelets for Women in UAE (Approximate Prices)

    StyleDescriptionApproximate Price Range (AED)
    Classic Chain BraceletVersatile, dress up or down.500 – 2,000
    Tennis BraceletElegant with sparkling diamonds.2,000 – 10,000+
    Charm BraceletPersonalized with charms.1,000 – 3,000
    Bangle BraceletStatement piece, various widths and designs.1,500 – 5,000+
    Gold Bracelet for Women UAE
    • These are approximate prices and can vary significantly depending on several factors:
      • Gold weight: Heavier bracelets will cost more.
      • Carat: Higher carat gold (like 24K) is more expensive than lower carat gold (like 18K).
      • Gemstones: Presence and quality of gemstones significantly impact the price.
      • Brand and design: Reputable brands and intricate designs command premium prices.

    White Gold Ring Price in UAE


    The price of a white gold ring in the UAE depends on several factors making an “average price” difficult to provide. Here’s what influences the price and how to get a more accurate understanding:

    Factors Affecting Price

    • Carat: White gold is available in various carats, with the popular options being 18K and 14K. 18K has a higher gold content and therefore, is typically more expensive.
    • Design: Simple, minimalist rings tend to be less expensive than those with elaborate designs, intricate details, or gemstones.
    • Gemstones: The presence, size, type, and quality of diamonds or other gemstones significantly impact the price.
    • Brand: Reputable jewelers and luxury brands often charge a premium compared to smaller or lesser-known outlets.

    Approximate Price Ranges (As of Feb 27, 2024)

    Gold Bracelets for Women in UAE (Approximate Prices)

    StyleDescriptionApproximate Price Range (AED)
    Classic Chain BraceletVersatile, dress up or down.500 – 2,000
    Tennis BraceletElegant with sparkling diamonds.2,000 – 10,000+
    Charm BraceletPersonalized with charms.1,000 – 3,000
    Bangle BraceletStatement piece, various widths and designs.1,500 – 5,000+
    UAE Gold price & Gold rate in UAE
    UAE Gold price & Gold rate in UAE

    Gold Regulations and Services in UAE

    VAT on Gold in UAE

    In the UAE, the Value Added Tax (VAT) on gold depends on the purchase context:

    1. Final Consumers:

    • For final consumers purchasing gold jewelry or bars for personal use, the standard VAT rate in the UAE is 5%. This applies to the total purchase price, including the cost of the gold itself and any labor charges associated with making the jewelry.

    2. Businesses:

    • For businesses registered for VAT, the rules are more complex:
      • Gold Supply: When a VAT-registered business supplies gold (including bars, jewelry, or other forms) to another VAT-registered business, a reverse charge mechanism applies. This means the receiving business is responsible for accounting for and paying the VAT, not the supplying business.
      • Gold Imports: VAT-registered businesses importing gold may have to pay import duty and VAT at the standard rate. However, they can typically claim a full refund of the VAT paid on the import through their VAT return.

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    UAE TAX 2024

    UAE Visa Fee

    Gold Making Charges in UAE

    Gold Making Charge in UAE, also known as craftsmanship charges, are the fees levied by jewelers for the labor and expertise involved in creating gold jewelry. In the UAE, these charges vary depending on several factors:

    Factors Affecting Making Charges:

    • Design complexity: Simpler designs typically have lower making charges compared to intricate or elaborate pieces requiring more time and skill.
    • Gold weight: Making charges often increase proportionately with the weight of the gold used, as more material necessitates more work.
    • Jeweler’s reputation: Renowned jewelers and luxury brands may have higher making charges due to brand premium and perceived craftsmanship value.
    • Negotiation: In some cases, the making charge may be negotiable, especially when buying from smaller or independent retailers.

    Approximate Making Charge Range:

    While providing an exact figure is difficult, the making charge in the UAE generally falls within the range of AED 10 to AED 500 per gram of gold.

    Making Charges for Gold Jewelry – Approximate (AED/gram)

    Design ComplexityApproximate Making Charge (AED/gram)
    Simple10 – 30
    Moderately intricate30 – 50
    Very intricate50 – 100+
    Highly intricate (with gemstones)100 – 500+

    Gold Installment Plan UAE

    When it comes to purchasing gold in the UAE through installment plans, you have several options tailored to different preferences and financial considerations:

    1. Jeweler-Specific Installment Plans: Renowned jewelers in the UAE provide their own installment plans for gold purchases, each with unique features:
      • Down Payment: An initial payment made before commencing installments.
      • Number of Installments: Monthly payments spread over a specified period (typically 3-12 months).
      • Interest Rate: Plans may offer zero interest or have an associated interest rate.
      Notable jewelers offering such plans include:
    2. Bank-Facilitated Installment Plans: Certain banks in the UAE collaborate with jewelry stores to offer Easy Payment Plans (EPPs). Using your credit card for the gold purchase, the bank converts the transaction into installments, featuring:
      • Interest-Free: Some EPPs may offer 0% interest for a limited period.
      • Minimum Purchase Amount: Banks may require a minimum purchase value for EPP eligibility.
      To explore bank-offered EPP options:
      • Contact your bank and inquire about available EPPs for gold purchases.
      • Check bank websites for information on EPPs and partnered merchants.
    3. Third-Party Payment Providers: Utilize Buy Now, Pay Later (BNPL) services such as Tabby. With BNPL, you can pay for your gold purchase at the store, and the provider divides the cost into installments with specific terms and fees.

    Important Considerations:

    • Read the Fine Print: Carefully review the terms and conditions of any installment plan, including interest rates, down payments, processing fees, and late payment penalties.
    • Compare Options: Explore installment plans from jewelers, banks, and BNPL providers to find the one with the most favorable terms and costs.
    • Manage Finances Responsibly: Choose an installment plan that comfortably fits within your budget, ensuring you can meet monthly payments without financial strain. Always prioritize responsible financial management.

    Online Gold Trading in UAE

    Regulations:

    Online gold trading in the UAE is subject to stringent regulations imposed by the Securities and Commodities Authority (SCA). Key points to note include:

    • Licensing Requirement: Only licensed brokers are authorized to provide online gold trading platforms within the UAE.

    Legitimate Options:

    1. DGCX (Dubai Gold & Commodities Exchange):
      • Website: DGCX
      • Description: As the Middle East’s largest derivatives exchange, DGCX offers futures and options contracts on gold and various commodities. However, direct trading on DGCX is not available for individuals; they must engage with licensed brokers registered with the exchange.
    2. International Brokers:
      • Description: Some international brokers, compliant with UAE regulations and licensed by the SCA, may extend online gold trading platforms to UAE residents. However, the choices might be comparatively limited.

    Before Considering Online Gold Trading:

    • Understand the Risks:
      • Cautionary Note: Online gold trading carries inherent risks such as market fluctuations, potential losses, and leverage risks. A comprehensive understanding of these risks is imperative before venturing into online trading.
    • Research Extensively:
      • Due Diligence: Thoroughly research any online gold trading platform and the broker offering it. Verify the broker’s SCA license and scrutinize online reviews and user experiences for a well-rounded perspective.
    • Start Small:
      • Risk Management: For those opting to proceed, initiating small investments is advisable. This approach allows individuals to familiarize themselves with the intricacies of online trading while effectively managing risk.

    Alternative Options for UAE Residents:

    1. Investing in Physical Gold:
      • Description: Many residents in the UAE prefer the tangible approach of purchasing physical gold bars or coins from reputable jewelers.
    2. Gold Investment Schemes:
      • Description: Several banks and financial institutions in the UAE provide alternative gold investment avenues such as gold savings accounts or gold accumulation plans. These options cater to individuals seeking a less risk-intensive approach to investing in gold.

    Gold Mines in UAE

    As of today, February 27, 2024, the United Arab Emirates (UAE) does not have any operational gold mines within its borders.

    Here’s why:

    • Geological factors: The UAE’s geological makeup isn’t known to contain significant gold deposits commercially viable for large-scale mining operations.
    • Economic focus: The UAE’s economy focuses heavily on oil and gas exports, and other sectors like tourism and financial services also play significant roles. Mining is not a major contributor to the UAE’s economy.

    However, the UAE plays a significant role in the global gold market in the following ways:

    • Dubai:
      • Gold trading hub: Dubai is a major hub for gold trading and refining. It boasts the Dubai Multi Commodities Centre (DMCC), a free zone attracting global gold trading companies with its infrastructure and regulations.
      • Gold souks: Dubai is famous for its traditional gold souks, offering a vast array of gold jewelry and bullion.
    • Gold imports: The UAE imports a large quantity of gold, primarily from African countries like Mali, Ghana, and Burkina Faso. This imported gold is then refined, traded, and re-exported to various destinations around the world.

    Overall, while the UAE doesn’t have its own gold mines, it remains a crucial player in the global gold market due to its strategic location, infrastructure, and established trading ecosystem.

    999.9 Gold Price in UAE

    As of today, February 27, 2024, the indicative price for 1 kilogram (kg) of 999.9 purity gold in the United Arab Emirates is approximately AED 240,510.72, as per the information available on Gold Trade’s website (Gold Trade).

    Important Notes:

    1. Price Breakdown:
      • To determine the price per gram, divide the total price by 1000.
    2. Fluctuations:
      • Gold prices are subject to constant fluctuations throughout the day due to various global market factors. The displayed price may vary at the time of actual purchase.
    3. Factors Affecting Actual Price:
      • Retailer: Different retailers may apply slight markups, affecting the final price.
      • Location: Prices might vary marginally between emirates or cities in the UAE.
      • Negotiation: Some retailers may offer negotiable prices, particularly in the case of smaller establishments.

    Recommended Actions:

    To obtain the most up-to-date and accurate price for 999.9 gold in the UAE:

    1. Check Online Resources:
    2. Contact Local Retailers:
      • Reach out to reputable gold retailers in your vicinity for the latest price quotes.

    Rolex Gold Watch Price in UAE

    Here’s an estimated average price range for some popular Rolex gold watch models in the UAE, keeping in mind the price can vary depending on the factors mentioned previously:

    Rolex Gold Watch Models – Average Price Range (AED)

    ModelAverage Price Range (AED)
    Submariner Date (Yellow Gold)65,000 – 100,000
    Datejust 41 (Yellow Gold)70,000 – 110,000
    Day-Date 40 (Yellow Gold)100,000 – 150,000+
    Daytona (Yellow Gold)120,000 – 200,000+

    Rado Gold Watch Price in UAE

    I can offer some guidance to help you estimate the price range:

    Factors Affecting Price:

    • Model: Different Rado gold watch models have varying price points due to factors like popularity, complexity, and material combinations (e.g., gold with other materials like ceramic).
    • Gold type: Rado uses different gold types, such as yellow gold, rose gold, and white gold. Each type might have slight price differences.
    • Size: Some Rado models come in various sizes, affecting the amount of gold used and consequently, the price.
    • Gemstones: The presence and quality of diamonds or other gemstones significantly impact the price. A Rado watch with a diamond bezel will be considerably more expensive than one without.
    • Retailer: Different retailers might have varying markups on the price.

    Rado Gold Watch Models – Average Price Range (AED)

    ModelAverage Price Range (AED)
    Rado DiaStar Original (Gold)5,000 – 8,000
    Rado True Square Open Heart (Gold)8,000 – 12,000
    Rado Captain Cook (Gold)10,000 – 15,000+

    Please note that the prices mentioned in this article are approximations and estimates. For the most accurate and up-to-date information on gold prices, especially specific to the Gold Souq, it is recommended to check with local sources or visit the Gold Souq directly for the latest prices on the day of your inquiry. Gold prices can fluctuate, and obtaining real-time information ensures you have the most precise details for your gold purchases in the UAE.

    Always Remember

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