United Arab Emirates · AED · March 2004
Gold Price in United Arab Emirates — March 2004
United Arab Emirates gold price archive for March 2004 — historical AED reference rates per tola, gram and ounce.
The United Arab Emirates gold market
Dubai is one of the world's most trusted retail gold hubs, with Deira Gold Souk and the Dubai Gold & Commodities Exchange driving liquidity. Prices are quoted per gram across 24K, 22K, 21K and 18K purities. UAE applies a 5% VAT on gold jewellery (with exemptions for investment-grade bullion ≥99.5% purity), so investment bars trade closer to spot than jewellery does. The Dubai Gold Rate is widely tracked across the GCC.
Standard quote unit
gram
Common purity
24K
Currency
AED (د.إ)
Daily gold price — March 2004, United Arab Emirates
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$406.67/oz
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$395.80/oz
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$390.50/oz
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$392.00/oz
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$399.30/oz
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$401.20/oz
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$399.90/oz
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$401.50/oz
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$400.30/oz
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$398.50/oz
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$398.00/oz
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$400.70/oz
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$398.10/oz
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$402.50/oz
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$402.80/oz
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$410.80/oz
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$412.00/oz
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$418.50/oz
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$417.70/oz
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$416.30/oz
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$415.30/oz
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$416.10/oz
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$421.50/oz
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$422.25/oz
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$421.30/oz
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$420.00/oz
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$423.70/oz
How United Arab Emirates gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The AED/USD exchange rate comes from exchangerate-api.com's 2004 year-end snapshot.
Conversion. Every AED figure on this page is computed as XAU/USD price × AED/USD rate. We use the year-end exchange rate consistently across all March 2004 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in United Arab Emirates, add the country-specific levies described in the “United Arab Emiratesgold market” section above.
FAQ — United Arab Emirates gold price in March 2004
What was the gold price in United Arab Emirates in March 2004?
Historical AED gold price archive for United Arab Emirates in March 2004.
What was the 24K gold rate per tola in United Arab Emirates in March 2004?
Tola-based gold rate for United Arab Emirates in March 2004 requires both XAU/USD and AED/USD data which is unavailable for this period.
What was the 24K gold rate per gram in United Arab Emirates in March 2004?
Retail rate calculation requires international XAU/USD spot and AED/USD FX, both of which are missing for this period.
How was the local currency price calculated?
AED prices on this page are computed from the verified international XAU/USD spot price for March 2004 (sourced from gold-api.com), multiplied by the 2004-end AED/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The د.إ figures here represent the international gold spot price converted to AED at the 2004-end exchange rate. United Arab Emirates's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in United Arab Emirates? See live gold prices in United Arab Emirates with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2004 archive or the USD-only March 2004 page with the country-by-country list at the bottom.
Other markets? Compare March 2004 prices across other major gold-trading countries: Pakistan, India, Saudi Arabia, United States, United Kingdom.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to AED at the 2004-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in United Arab Emirates before transacting.