Gold Rate in the UAE in 2007
In 2007, 24K gold in the UAE ended the year at د.إ98 per gram, up 31.9% from د.إ75 at the end of 2006. The international price closed 2007 at $833.80 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 2007 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ98 | د.إ1,148 | د.إ984 |
| 22K | د.إ90 | د.إ1,053 | د.إ902 |
| 21K | د.إ86 | د.إ1,005 | د.إ861 |
| 18K | د.إ74 | د.إ861 | د.إ738 |
Year-end 2007 international price ($833.80/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2007
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $650.50 | د.إ77 | د.إ70 | +2.9% |
| February | $664.20 | د.إ78 | د.إ72 | -0.1% |
| March | $661.80 | د.إ78 | د.إ72 | -1.3% |
| April | $677.00 | د.إ80 | د.إ73 | -0.3% |
| May | $659.10 | د.إ78 | د.إ71 | -2.2% |
| June | $650.50 | د.إ77 | د.إ70 | -2.4% |
| July | $665.50 | د.إ79 | د.إ72 | +0.0% |
| August | $672.00 | د.إ79 | د.إ73 | +0.9% |
| September | $748.05 | د.إ88 | د.إ81 | +5.0% |
| October | $789.50 | د.إ93 | د.إ85 | +4.6% |
| November | $783.50 | د.إ93 | د.إ85 | -2.8% |
| December | $833.80 | د.إ98 | د.إ90 | +3.8% |
Monthly closes are the international USD price; the AED columns convert them at the 2007 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2007 vs today
Today 24K gold in the UAE is about د.إ481 per gram, roughly 4.9× the 2007 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2007?
At the end of 2007, 24K gold in the UAE was د.إ98 per gram and 22K was د.إ90 per gram. This is the international year-end price of $833.80 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 2007?
Gold rose 31.9% in AED terms during 2007, from د.إ75 to د.إ98 per gram, while the dollar price moved 31.9%. The difference between the two is the AED exchange rate.
What is the 2007 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ481 per gram, roughly 4.9 times the 2007 year-end price of د.إ98.