Gold Rate in the UAE in 1997
In 1997, 24K gold in the UAE ended the year at د.إ34 per gram, down 21.4% from د.إ44 at the end of 1996. The international price closed 1997 at $290.20 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 1997 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ34 | د.إ400 | د.إ343 |
| 22K | د.إ31 | د.إ366 | د.إ314 |
| 21K | د.إ30 | د.إ350 | د.إ300 |
| 18K | د.إ26 | د.إ300 | د.إ257 |
Year-end 1997 international price ($290.20/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 1997
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $345.50 | د.إ41 | د.إ37 | -6.4% |
| February | $358.60 | د.إ42 | د.إ39 | +3.5% |
| March | $348.20 | د.إ41 | د.إ38 | -1.0% |
| April | $340.20 | د.إ40 | د.إ37 | -2.8% |
| May | $345.60 | د.إ41 | د.إ37 | +0.5% |
| June | $334.60 | د.إ40 | د.إ36 | -1.8% |
| July | $326.40 | د.إ39 | د.إ35 | -2.2% |
| August | $325.40 | د.إ38 | د.إ35 | +0.4% |
| September | $332.10 | د.إ39 | د.إ36 | +2.3% |
| October | $311.40 | د.إ37 | د.إ34 | -7.7% |
| November | $296.80 | د.إ35 | د.إ32 | -3.0% |
| December | $290.20 | د.إ34 | د.إ31 | -1.4% |
Monthly closes are the international USD price; the AED columns convert them at the 1997 year-end exchange rate, so intra-year currency moves are not reflected month by month.
1997 vs today
Today 24K gold in the UAE is about د.إ475 per gram, roughly 13.9× the 1997 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 1997?
At the end of 1997, 24K gold in the UAE was د.إ34 per gram and 22K was د.إ31 per gram. This is the international year-end price of $290.20 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 1997?
Gold fell 21.4% in AED terms during 1997, from د.إ44 to د.إ34 per gram, while the dollar price moved -21.4%. The difference between the two is the AED exchange rate.
What is the 1997 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ475 per gram, roughly 13.9 times the 1997 year-end price of د.إ34.