Gold Rate in the UAE in 1991
In 1991, 24K gold in the UAE ended the year at د.إ42 per gram, down 8.5% from د.إ46 at the end of 1990. The international price closed 1991 at $353.20 per troy ounce, and the year-end exchange rate was 3.67 AED per US dollar. Dubai quotes gold per gram in 24K, 22K, 21K and 18K, and the dirham has been pegged to the US dollar at 3.6725 since 1997, so the AED gold rate tracks the international price almost exactly.
Gold Rate in the UAE 1991 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ42 | د.إ486 | د.إ417 |
| 22K | د.إ38 | د.إ446 | د.إ382 |
| 21K | د.إ36 | د.إ425 | د.إ365 |
| 18K | د.إ31 | د.إ365 | د.إ313 |
Year-end 1991 international price ($353.20/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 1991
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $366.00 | د.إ43 | د.إ40 | -5.2% |
| February | $362.70 | د.إ43 | د.إ39 | -0.5% |
| March | $362.70 | د.إ43 | د.إ39 | -1.1% |
| April | $357.80 | د.إ42 | د.إ39 | -0.2% |
| May | $360.40 | د.إ43 | د.إ39 | +1.0% |
| June | $372.20 | د.إ44 | د.إ40 | +1.5% |
| July | $362.90 | د.إ43 | د.إ39 | -1.6% |
| August | $347.40 | د.إ41 | د.إ38 | -4.4% |
| September | $354.90 | د.إ42 | د.إ38 | +1.8% |
| October | $357.50 | د.إ42 | د.إ39 | -0.3% |
| November | $366.30 | د.إ43 | د.إ40 | +1.7% |
| December | $353.20 | د.إ42 | د.إ38 | -2.4% |
Monthly closes are the international USD price; the AED columns convert them at the 1991 year-end exchange rate, so intra-year currency moves are not reflected month by month.
1991 vs today
Today 24K gold in the UAE is about د.إ481 per gram, roughly 11.5× the 1991 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 1991?
At the end of 1991, 24K gold in the UAE was د.إ42 per gram and 22K was د.إ38 per gram. This is the international year-end price of $353.20 per troy ounce converted at the year-end rate of 3.67 AED per US dollar.
How much did gold change in the UAE during 1991?
Gold fell 8.5% in AED terms during 1991, from د.إ46 to د.إ42 per gram, while the dollar price moved -8.5%. The difference between the two is the AED exchange rate.
What is the 1991 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ481 per gram, roughly 11.5 times the 1991 year-end price of د.إ42.