Knowing the current gold prices in the United Arab Emirates (UAE) is key. It helps when you buy or sell gold. Whether you love jewelry, invest in gold, or just want to know its value, we’ve got you covered. Find the latest live retail gold rates in Dubai, UAE here.
As of December 3, 2024, at 10:35:02 AM, here are the gold prices in UAE per gram:
- 24 Karat: 320.63 AED
- 22 Karat: 293.92 AED
- 21 Karat: 280.55 AED
- 18 Karat: 240.47 AED
These gold prices in United Arab Emirates Dirham (AED) per gram are from trusted sources. They update all day. This means you get the most accurate info for buying or selling gold bars, coins, and jewelry.
Key Takeaways
- The current price of gold per gram in the UAE is AED 312.71.
- The percentage change today is +0.35%.
- The price change today is +1.11 AED.
- The high price today is 312.97 AED, and the low price is 311.04 AED.
- The market volatility status is considered medium.
Understanding Today’s Gold Rates in UAE
Gold prices in the UAE change often. In Dubai, the price of gold is not just the global spot rate. It also includes extra costs for delivery and customs.
Current Live Retail Gold Rates
Find today’s gold rates in Sharjah and UAE at places like Dubai Gold Souk. The Dubai Jewellery Group (DJG) sets these prices. They update them three times a day.
International Gold Rate Impact
The gold price chart and spot rate change with global trades. The LBMA Gold Fix in London is a key guide. This affects the gold rates in UAE a lot.
Dubai Gold Market Overview
Dubai’s gold market is lively, attracting both locals and global traders. The famous Dubai Gold Souk is a big part of this. Knowing about international rates, world events, and the economy helps understand the current gold rate in UAE.
Price of Gold in UAE per Gram Across Different Karats
Buying gold jewelry in the UAE means knowing about karats. Gold in Dubai comes in 24-karat, 22-karat, and 18-karat. Each has its own price and qualities.
24-karat gold is 100% pure but soft and easy to scratch. 18-karat gold is stronger because it has more alloy metals. But it has less gold.
| Karat Rating | Gold Purity | Current Live Retail Gold Rate in Dubai (per gram) |
|---|---|---|
| 24K | 100% pure gold | AED 320.57 |
| 22K | 91.67% pure gold | AED 293.87 |
| 21K | 87.5% pure gold | AED 280.50 |
| 18K | 75% pure gold | AED 240.43 |
The carat rating affects gold jewelry prices in uae. It also changes how jewelry looks and lasts. When buying gold in uae, think about what you need and want.
Retail gold rates in Dubai change with global prices and demand. Dubai is a big gold market. Knowing the latest trends is key when buying gold in uae.
Dubai Gold Souk: Your Guide to Gold Trading
The Dubai Gold Souk is a lively place for gold trading. It draws people from all over. If you want to buy gold jewelry or invest, knowing the Dubai gold market is key.
Best Times to Buy Gold
The gold souk in dubai has changing demand and prices all year. Summer is the best time to buy gold here. Prices are lower then, and it’s cooler.
Big festivals like Diwali and Eid al-Fitr also increase gold sales. So, plan your gold buying during these times.
Understanding Making Charges
The cost of gold jewelry in the dubai gold market includes the gold price and making charge. The making charge can be talked about. This can help you save money.
The making charge depends on the design and craftsmanship. It can be from AED 10 to AED 50 per gram.
Retail vs Wholesale Prices
The gold souk in dubai has both retail and wholesale gold. Retail prices are higher, for individual buyers. Wholesale prices are lower, for big buyers.
Traders can get better wholesale rates for big deals. This is good for those wanting to invest in gold.
“Dubai’s status as a global gold trading hub is reinforced by its tax-free policy on gold transactions, extensive variety of gold products, and transparent and reliable pricing, making it a preferred destination for gold trading.”
Factors Influencing UAE Gold Prices
The gold price in the United Arab Emirates (UAE) changes due to many reasons. These reasons are both local and global. Knowing these factors helps when buying or investing in gold.
The international gold market greatly affects UAE gold prices. The UAE is a big player in the global gold trade. So, changes in the world gold price also change UAE gold prices.
Economic data like GDP growth, unemployment, and inflation can change the world gold price. This change then affects gold prices in the UAE.
- When there’s economic uncertainty or a financial crisis, gold prices often go up. This is because people look for safe assets.
- Big events like wars in oil-producing areas can also make gold prices go up.
The exchange rate between the UAE Dirham (AED) and the US Dollar (USD) is also important. If the AED gets stronger against the USD, gold prices in the UAE might go down. But if the AED gets weaker, gold prices might go up.
Gold prices in the UAE can also be influenced by local factors. For example, gold demand goes up during weddings and festivals. This can make gold prices rise temporarily.
Other things that can change UAE gold prices include problems in the global gold supply chain. Changes in central bank policies and shifts in global economic conditions also play a role. By watching these factors, investors in the UAE can make better choices about gold.
Conclusion
Buying gold in Dubai can protect your money from inflation. The UAE market for gold is very active. But, gold prices can change fast.
It’s important to buy gold from trusted dealers. Look for the Dubai Good Delivery logo. This shows the gold is real and good quality.
When you buy gold, compare prices with what dealers offer. This helps you save money. Think about the risks and costs of different ways to invest in gold.
Knowing about the gold market in Dubai is key. This includes understanding how interest rates and oil prices affect gold prices. This knowledge helps you make smart choices.
Start your gold investment journey in the UAE by staying informed. Always do your homework before making a decision.