Gold Rate in the UAE in 1992
In 1992, 24K gold in the UAE ended the year at د.إ39 per gram, down 5.7% from د.إ42 at the end of 1991. The international price closed 1992 at $332.90 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 1992 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ39 | د.إ458 | د.إ393 |
| 22K | د.إ36 | د.إ420 | د.إ360 |
| 21K | د.إ34 | د.إ401 | د.إ344 |
| 18K | د.إ29 | د.إ344 | د.إ295 |
Year-end 1992 international price ($332.90/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 1992
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $354.10 | د.إ42 | د.إ38 | -0.1% |
| February | $353.10 | د.إ42 | د.إ38 | -0.2% |
| March | $341.70 | د.إ40 | د.إ37 | -0.8% |
| April | $336.40 | د.إ40 | د.إ36 | -2.2% |
| May | $339.70 | د.إ40 | د.إ37 | +0.7% |
| June | $343.40 | د.إ41 | د.إ37 | +0.8% |
| July | $357.90 | د.إ42 | د.إ39 | +1.5% |
| August | $340.00 | د.إ40 | د.إ37 | -0.9% |
| September | $349.00 | د.إ41 | د.إ38 | +1.0% |
| October | $339.30 | د.إ40 | د.إ37 | -2.7% |
| November | $334.20 | د.إ39 | د.إ36 | -0.2% |
| December | $332.90 | د.إ39 | د.إ36 | -0.6% |
Monthly closes are the international USD price; the AED columns convert them at the 1992 year-end exchange rate, so intra-year currency moves are not reflected month by month.
1992 vs today
Today 24K gold in the UAE is about د.إ478 per gram, roughly 12.2× the 1992 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 1992?
At the end of 1992, 24K gold in the UAE was د.إ39 per gram and 22K was د.إ36 per gram. This is the international year-end price of $332.90 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 1992?
Gold fell 5.7% in AED terms during 1992, from د.إ42 to د.إ39 per gram, while the dollar price moved -5.7%. The difference between the two is the AED exchange rate.
What is the 1992 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ478 per gram, roughly 12.2 times the 1992 year-end price of د.إ39.