Gold Rate in the UAE in 1996
In 1996, 24K gold in the UAE ended the year at د.إ44 per gram, down 4.6% from د.إ46 at the end of 1995. The international price closed 1996 at $369.30 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 1996 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ44 | د.إ508 | د.إ436 |
| 22K | د.إ40 | د.إ466 | د.إ400 |
| 21K | د.إ38 | د.إ445 | د.إ381 |
| 18K | د.إ33 | د.إ381 | د.إ327 |
Year-end 1996 international price ($369.30/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 1996
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $405.60 | د.إ48 | د.إ44 | +1.5% |
| February | $400.70 | د.إ47 | د.إ43 | -2.1% |
| March | $398.10 | د.إ47 | د.إ43 | -0.1% |
| April | $391.30 | د.إ46 | د.إ42 | -0.7% |
| May | $390.60 | د.إ46 | د.إ42 | -0.4% |
| June | $384.00 | د.إ45 | د.إ42 | -0.3% |
| July | $385.30 | د.إ45 | د.إ42 | +0.5% |
| August | $386.50 | د.إ46 | د.إ42 | -0.2% |
| September | $379.00 | د.إ45 | د.إ41 | -1.1% |
| October | $379.50 | د.إ45 | د.إ41 | -0.4% |
| November | $371.30 | د.إ44 | د.إ40 | -1.7% |
| December | $369.30 | د.إ44 | د.إ40 | +0.1% |
Monthly closes are the international USD price; the AED columns convert them at the 1996 year-end exchange rate, so intra-year currency moves are not reflected month by month.
1996 vs today
Today 24K gold in the UAE is about د.إ476 per gram, roughly 10.9× the 1996 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 1996?
At the end of 1996, 24K gold in the UAE was د.إ44 per gram and 22K was د.إ40 per gram. This is the international year-end price of $369.30 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 1996?
Gold fell 4.6% in AED terms during 1996, from د.إ46 to د.إ44 per gram, while the dollar price moved -4.6%. The difference between the two is the AED exchange rate.
What is the 1996 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ476 per gram, roughly 10.9 times the 1996 year-end price of د.إ44.