Gold Rate in the UAE in 2002
In 2002, 24K gold in the UAE ended the year at د.إ41 per gram, up 25.6% from د.إ33 at the end of 2001. The international price closed 2002 at $347.20 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 2002 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ41 | د.إ478 | د.إ410 |
| 22K | د.إ38 | د.إ438 | د.إ376 |
| 21K | د.إ36 | د.إ418 | د.إ359 |
| 18K | د.إ31 | د.إ359 | د.إ307 |
Year-end 2002 international price ($347.20/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2002
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $282.30 | د.إ33 | د.إ31 | +0.3% |
| February | $296.90 | د.إ35 | د.إ32 | +0.5% |
| March | $303.10 | د.إ36 | د.إ33 | +2.6% |
| April | $308.20 | د.إ36 | د.إ33 | +1.8% |
| May | $326.60 | د.إ39 | د.إ35 | +3.9% |
| June | $314.90 | د.إ37 | د.إ34 | -2.0% |
| July | $304.70 | د.إ36 | د.إ33 | -2.7% |
| August | $312.80 | د.إ37 | د.إ34 | +0.8% |
| September | $323.70 | د.إ38 | د.إ35 | +1.4% |
| October | $316.90 | د.إ37 | د.إ34 | -1.5% |
| November | $319.10 | د.إ38 | د.إ35 | -0.3% |
| December | $347.20 | د.إ41 | د.إ38 | +4.6% |
Monthly closes are the international USD price; the AED columns convert them at the 2002 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2002 vs today
Today 24K gold in the UAE is about د.إ475 per gram, roughly 11.6× the 2002 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2002?
At the end of 2002, 24K gold in the UAE was د.إ41 per gram and 22K was د.إ38 per gram. This is the international year-end price of $347.20 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 2002?
Gold rose 25.6% in AED terms during 2002, from د.إ33 to د.إ41 per gram, while the dollar price moved 25.6%. The difference between the two is the AED exchange rate.
What is the 2002 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ475 per gram, roughly 11.6 times the 2002 year-end price of د.إ41.