Gold Rate in the UAE in 2003
In 2003, 24K gold in the UAE ended the year at د.إ49 per gram, up 19.9% from د.إ41 at the end of 2002. The international price closed 2003 at $416.30 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 2003 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ49 | د.إ573 | د.إ492 |
| 22K | د.إ45 | د.إ526 | د.إ451 |
| 21K | د.إ43 | د.إ502 | د.إ430 |
| 18K | د.إ37 | د.إ430 | د.إ369 |
Year-end 2003 international price ($416.30/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2003
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $367.50 | د.إ43 | د.إ40 | +3.0% |
| February | $347.50 | د.إ41 | د.إ38 | -3.2% |
| March | $334.90 | د.إ40 | د.إ36 | -1.7% |
| April | $336.80 | د.إ40 | د.إ36 | +0.7% |
| May | $361.40 | د.إ43 | د.إ39 | +1.6% |
| June | $346.00 | د.إ41 | د.إ37 | -2.9% |
| July | $354.80 | د.إ42 | د.إ38 | +1.1% |
| August | $378.40 | د.إ45 | د.إ41 | +5.2% |
| September | $388.00 | د.إ46 | د.إ42 | +2.4% |
| October | $386.30 | د.إ46 | د.إ42 | +0.7% |
| November | $403.00 | د.إ48 | د.إ44 | +3.4% |
| December | $416.30 | د.إ49 | د.إ45 | +2.3% |
Monthly closes are the international USD price; the AED columns convert them at the 2003 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2003 vs today
Today 24K gold in the UAE is about د.إ483 per gram, roughly 9.8× the 2003 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2003?
At the end of 2003, 24K gold in the UAE was د.إ49 per gram and 22K was د.إ45 per gram. This is the international year-end price of $416.30 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 2003?
Gold rose 19.9% in AED terms during 2003, from د.إ41 to د.إ49 per gram, while the dollar price moved 19.9%. The difference between the two is the AED exchange rate.
What is the 2003 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ483 per gram, roughly 9.8 times the 2003 year-end price of د.إ49.