Gold Rate in the UAE in 2004
In 2004, 24K gold in the UAE ended the year at د.إ51 per gram, up 4.6% from د.إ49 at the end of 2003. The international price closed 2004 at $435.60 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 2004 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ51 | د.إ600 | د.إ514 |
| 22K | د.إ47 | د.إ550 | د.إ471 |
| 21K | د.إ45 | د.إ525 | د.إ450 |
| 18K | د.إ39 | د.إ450 | د.إ386 |
Year-end 2004 international price ($435.60/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2004
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $399.80 | د.إ47 | د.إ43 | -4.0% |
| February | $402.90 | د.إ48 | د.إ44 | -0.5% |
| March | $423.70 | د.إ50 | د.إ46 | +4.2% |
| April | $388.50 | د.إ46 | د.إ42 | -9.1% |
| May | $393.30 | د.إ46 | د.إ43 | +2.5% |
| June | $395.80 | د.إ47 | د.إ43 | -0.4% |
| July | $391.40 | د.إ46 | د.إ42 | -1.7% |
| August | $407.30 | د.إ48 | د.إ44 | +1.7% |
| September | $415.70 | د.إ49 | د.إ45 | +2.0% |
| October | $430.40 | د.إ51 | د.إ47 | +2.4% |
| November | $453.40 | د.إ54 | د.إ49 | +3.2% |
| December | $435.60 | د.إ51 | د.إ47 | -3.8% |
Monthly closes are the international USD price; the AED columns convert them at the 2004 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2004 vs today
Today 24K gold in the UAE is about د.إ475 per gram, roughly 9.2× the 2004 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2004?
At the end of 2004, 24K gold in the UAE was د.إ51 per gram and 22K was د.إ47 per gram. This is the international year-end price of $435.60 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 2004?
Gold rose 4.6% in AED terms during 2004, from د.إ49 to د.إ51 per gram, while the dollar price moved 4.6%. The difference between the two is the AED exchange rate.
What is the 2004 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ475 per gram, roughly 9.2 times the 2004 year-end price of د.إ51.