Dubai Gold Rate Today 2024 – Khaleej Times UAE Gold Price Today 22k, 21k, 24k Malabar 2024. If you are looking to know the live gold rate of United Arab Emirates, Dubai, Abu Dhabi, you are welcome to our web page. You can easily get to know daily live update of all kinds of gold (22 Carat, 24k, 21k, 18k) price of Dubai and Abu Dhabi, UAE. You may also find here Malabar Gold Price today in UAE, Today Gold rate in UAE, 1 Tola Gold Rate in Dubai, 916 Gold price in UAE Today khaleej times, Dubai city of gold price today, dubaicityofgold.com Dubai gold and Jewellery Group Gold rate today. Gold rate per tola today in UAE, today gold rate per 10 grams in UAE and today gold price per kilogram in United Arab Emirates.
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Dubai Gold Rate Today 2024 – Khaleej Times UAE Gold Price Today 22k, 21k, 24k
Dubai, a global hub for trade and commerce, has a long-standing association with gold, making it a premier destination for gold enthusiasts and investors alike. The Dubai Gold Rate, a key indicator of the precious metals value in the region, plays a crucial role in shaping the city’s gold market and attracting gold buyers from all corners of the world. In this article, we will let you know the daily update official gold price of Dubai (UAE) and explain the significance of the Dubai Gold Rate, its determining factors, and the impact it has on the local and international gold industry.
In Dubai, Indian and other Asian buyers are usually interested in buying 22K jewellery gold. European visitors and young shoppers prefer to buy 18K gold jewellery. So, you can visit us everyday to check latest gold price of Dubai.
You may also like to know: 916 Gold Price in Singapore Mustafa 2024
Dubai Gold and Jewellery Group Gold Rate today
There are some signs outside the Dubai government (Department of Economic Development) that show live retail gold rates in Dubai. They are located in prominent gold trading places like Gold Souk. Authorities are keen to promote transparency and maintain the city as a ‘golden city’.
Suggested Retail Gold Jewellery Price (live) [3rd February]
Click here for live Gold Price updates (dubaicityofgold.com)
AS ON 16TH DECEMBER 2024
RATE IN AED PER GM
- 24K – AED 244.75
- 22K – AED 226.50
- 21K – AED 219.25
- 18K – AED 188.00
Look for Dubai Jewellery Group’s gold price display screens at the retail stores to verify real-time gold price.
Today Gold Rate in UAE (Dubai)
Here is the list of Gold Rates in UAE (Uae Dirham) – (Updated 16, July. 2024). These rates are given in 1 tola, 1 gram, and 10 grams formats in AED U.A.E Dirham currency. Prices have quoted in AED (United Arab Emirates Dirham) for each gram of gold.
Khaleej Times Gold Rates Today (AED) in UAE (3rd February 2024)
Today Gold Price in UAE (Dubai) – You can access the authentic gold prices in UAE today per tola which can be beneficial for you.
Source: Dubai Gold & Jewellery Group
UAE GOLD RATE (AED) 3rd February, 2024
|INDIAN RUPEE (INR)
|22.48 (DH 44.48/ RUPEE 1000)
|22.62 (DH 44.20/ RUPEE 1000)
|PAKISTANI RUPEE (PKR)
|BANGLADESH TAKA (BDT)
|SRI LANKAN RUPEE (LKR)
|NEPALESE RUPEE (NPR)
|EGYPTIAN POUND (EGP)
|PHILIPPINES PESO (PHP)
|15.10 (DH 66.22/ PHP 1000)
|15.09 (DH 66.29/ PHP 1000)
How is gold measured in UAE?
Jewelry stores across the UAE buy and sell gold in Gram, tola, sovereign, pavan, ounce and kilograms. 1 gram of gold equals 1000 milligrams. 1 tola of gold equals 11.6638038 grams, 1 Sovereign of gold equals 8 grams, 1 Pavan of gold equals 8 grams, 1 ounce of gold equals 31.1034768 grams, 1 kg of gold equals 1000 grams. You know, Gold bars are sold in kg. Gold biscuits are sold in ounces. Gold coins sold in grams, tola, sovereigns or pavan.
Understanding Dubai Gold Rate:
The Dubai Gold Price refers to the current market price of gold in the emirate and is typically quoted in United Arab Emirates Dirhams (AED) per gram, ounce, or kilogram. This rate is based on the prevailing global gold prices, adjusted for local factors such as import duties, taxes, and other charges that influence the cost of gold in the region. The Dubai Gold Rate serves as a reliable benchmark for gold buyers, sellers, and investors in the UAE, as well as those looking to trade gold internationally.
Factors Influencing Dubai Gold Rate:
Several factors contribute to fluctuations in the Dubai Gold Rate. Understanding these factors is crucial for investors and gold enthusiasts seeking to make informed decisions:
- International Gold Prices: The most significant determinant of the Dubai Gold Rate is the global gold prices, which are influenced by factors like economic trends, geopolitical events, inflation rates, and fluctuations in the currency markets.
- Import Duties and Taxes: The UAE levies import duties and taxes on gold. Changes in these rates impact the final cost of gold in Dubai, leading to fluctuations in the Dubai Gold Rate.
- Local Demand and Supply: The demand and supply of gold in Dubai play a significant role in shaping the Gold Rate. High demand for gold jewelry, particularly during festive seasons and wedding periods, can lead to price fluctuations.
- Currency Exchange Rates: Since the Dubai Gold Rate is quoted in AED, fluctuations in the exchange rates of major currencies like the US Dollar and Euro can influence the price of gold for international buyers.
Dubai’s Thriving Gold Market:
Dubai’s gold market is a vibrant and dynamic ecosystem that caters to diverse customer preferences. The city boasts a plethora of gold souks and specialized gold retail outlets, where customers can find an extensive selection of gold jewelry, bullion, and coins. The Dubai Gold Price serves as a guiding principle for gold traders and buyers, enabling them to make informed purchasing decisions based on current prices.
International Gold Trading Hub:
Dubai’s strategic location between East and West, coupled with its efficient logistics and financial infrastructure, has positioned it as a significant global gold trading hub. The Dubai Gold price plays a vital role in facilitating international gold trade, attracting investors and traders from across the globe to participate in the city’s flourishing gold market.
What are the different carats of gold across the UAE?
Gold carats (CT) or carats (KT or K) are used to denote the fineness of gold in jewelry. Different carat gold jewelry sold in UAE is 24 carat gold (pure gold), 23 carat gold, 22 carat gold (standard gold), 21 carat gold, 20 carat gold, 19 carat gold, 18 carat gold, 17 carat gold 16 carat gold, 15 carat gold, 14 carat gold, 13 carat gold, 12 carat gold, 11 carat gold, 10 carat gold, 9 carat gold and 8 carat gold.
Last Few Words
There is a huge demand for gold in Dubai worldwide for various reasons. Although purity, affordability are the two main reasons, here are a few more reasons that explain why Dubai gold is so popular among expatriates around the world. The city has all the leading gold brands as well as local stores. Ensuring authenticity and quality, Dubai’s gold shops range from Joyalukkas to Malabar Gold Diamonds. To cater to buyers’ more eclectic tastes, Dubai’s two markets have dedicated exclusively to buying city gold.
Although Deira Gold Sock represents the UAE’s past, Dubai Gold and Diamonds Park now meet the growing demand for gold. Each of these markets has a number of retailers under one roof that offer everything from shiny rings to shiny pendants. In addition to jewelry, gold has found in Dubai bullions and bars, which attracts entrepreneurs to invest in this lucrative product. It caters to many gold traders and manufacturers who want to buy gold bullion in Dubai. Like other forms of gold, the price of gold in Dubai fluctuates over time.
The Dubai Gold Price serves as the cornerstone of Dubai’s thriving gold market, providing essential information about the current value of gold in the emirate. As a leading global gold trading hub, Dubai attracts investors, traders, and gold enthusiasts who seek to benefit from its strategic location, efficient infrastructure, and competitive pricing. Understanding the factors influencing the Dubai Gold Price empowers stakeholders to navigate the ever-changing gold market and make well-informed decisions. Whether you’re a seasoned investor or a jewelry enthusiast, the Dubai Gold Price remains a glittering guide in the quest for gold.