Gold Rate in the UAE in 1993
In 1993, 24K gold in the UAE ended the year at د.إ46 per gram, up 17.7% from د.إ39 at the end of 1992. The international price closed 1993 at $391.80 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 1993 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ46 | د.إ539 | د.إ462 |
| 22K | د.إ42 | د.إ494 | د.إ424 |
| 21K | د.إ40 | د.إ472 | د.إ405 |
| 18K | د.إ35 | د.إ405 | د.إ347 |
Year-end 1993 international price ($391.80/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 1993
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $331.20 | د.إ39 | د.إ36 | -0.5% |
| February | $329.80 | د.إ39 | د.إ36 | +0.0% |
| March | $337.80 | د.إ40 | د.إ37 | +2.3% |
| April | $354.30 | د.إ42 | د.إ38 | +3.6% |
| May | $377.50 | د.إ45 | د.إ41 | +2.8% |
| June | $378.50 | د.إ45 | د.إ41 | +0.3% |
| July | $401.80 | د.إ47 | د.إ43 | +2.5% |
| August | $371.60 | د.إ44 | د.إ40 | -1.9% |
| September | $355.50 | د.إ42 | د.إ38 | -3.7% |
| October | $368.90 | د.إ44 | د.إ40 | +1.3% |
| November | $370.90 | د.إ44 | د.إ40 | -0.8% |
| December | $391.80 | د.إ46 | د.إ42 | +2.2% |
Monthly closes are the international USD price; the AED columns convert them at the 1993 year-end exchange rate, so intra-year currency moves are not reflected month by month.
1993 vs today
Today 24K gold in the UAE is about د.إ483 per gram, roughly 10.4× the 1993 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 1993?
At the end of 1993, 24K gold in the UAE was د.إ46 per gram and 22K was د.إ42 per gram. This is the international year-end price of $391.80 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 1993?
Gold rose 17.7% in AED terms during 1993, from د.إ39 to د.إ46 per gram, while the dollar price moved 17.7%. The difference between the two is the AED exchange rate.
What is the 1993 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ483 per gram, roughly 10.4 times the 1993 year-end price of د.إ46.