Gold Rate in the UAE in 1994
In 1994, 24K gold in the UAE ended the year at د.إ45 per gram, down 2.2% from د.إ46 at the end of 1993. The international price closed 1994 at $383.30 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 1994 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ45 | د.إ528 | د.إ452 |
| 22K | د.إ41 | د.إ484 | د.إ415 |
| 21K | د.إ40 | د.إ462 | د.إ396 |
| 18K | د.إ34 | د.إ396 | د.إ339 |
Year-end 1994 international price ($383.30/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 1994
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $377.90 | د.إ45 | د.إ41 | -2.3% |
| February | $381.60 | د.إ45 | د.إ41 | -0.1% |
| March | $389.20 | د.إ46 | د.إ42 | +1.3% |
| April | $376.50 | د.إ44 | د.إ41 | -3.3% |
| May | $387.60 | د.إ46 | د.إ42 | +1.6% |
| June | $388.30 | د.إ46 | د.إ42 | +0.5% |
| July | $390.40 | د.إ46 | د.إ42 | +1.3% |
| August | $385.80 | د.إ46 | د.إ42 | +0.5% |
| September | $394.90 | د.إ47 | د.إ43 | +0.8% |
| October | $383.90 | د.إ45 | د.إ42 | -1.5% |
| November | $383.10 | د.إ45 | د.إ41 | -0.4% |
| December | $383.30 | د.إ45 | د.إ41 | +0.8% |
Monthly closes are the international USD price; the AED columns convert them at the 1994 year-end exchange rate, so intra-year currency moves are not reflected month by month.
1994 vs today
Today 24K gold in the UAE is about د.إ477 per gram, roughly 10.5× the 1994 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 1994?
At the end of 1994, 24K gold in the UAE was د.إ45 per gram and 22K was د.إ41 per gram. This is the international year-end price of $383.30 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 1994?
Gold fell 2.2% in AED terms during 1994, from د.إ46 to د.إ45 per gram, while the dollar price moved -2.2%. The difference between the two is the AED exchange rate.
What is the 1994 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ477 per gram, roughly 10.5 times the 1994 year-end price of د.إ45.