Gold Rate in the UAE in 2005
In 2005, 24K gold in the UAE ended the year at د.إ61 per gram, up 17.8% from د.إ51 at the end of 2004. The international price closed 2005 at $513.00 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 2005 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ61 | د.إ707 | د.إ606 |
| 22K | د.إ56 | د.إ648 | د.إ555 |
| 21K | د.إ53 | د.إ618 | د.إ530 |
| 18K | د.إ45 | د.إ530 | د.إ454 |
Year-end 2005 international price ($513.00/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2005
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $422.20 | د.إ50 | د.إ46 | -5.3% |
| February | $435.50 | د.إ51 | د.إ47 | +2.9% |
| March | $427.50 | د.إ50 | د.إ46 | -1.5% |
| April | $435.70 | د.إ51 | د.إ47 | +1.5% |
| May | $414.50 | د.إ49 | د.إ45 | -1.7% |
| June | $437.10 | د.إ52 | د.إ47 | +1.5% |
| July | $432.60 | د.إ51 | د.إ47 | +0.0% |
| August | $433.30 | د.إ51 | د.إ47 | -1.1% |
| September | $473.30 | د.إ56 | د.إ51 | +3.8% |
| October | $470.80 | د.إ56 | د.إ51 | +0.2% |
| November | $495.70 | د.إ59 | د.إ54 | +4.0% |
| December | $513.00 | د.إ61 | د.إ56 | +0.6% |
Monthly closes are the international USD price; the AED columns convert them at the 2005 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2005 vs today
Today 24K gold in the UAE is about د.إ483 per gram, roughly 8.0× the 2005 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2005?
At the end of 2005, 24K gold in the UAE was د.إ61 per gram and 22K was د.إ56 per gram. This is the international year-end price of $513.00 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 2005?
Gold rose 17.8% in AED terms during 2005, from د.إ51 to د.إ61 per gram, while the dollar price moved 17.8%. The difference between the two is the AED exchange rate.
What is the 2005 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ483 per gram, roughly 8.0 times the 2005 year-end price of د.إ61.