Gold Rate in the UAE in 2008
In 2008, 24K gold in the UAE ended the year at د.إ103 per gram, up 4.3% from د.إ98 at the end of 2007. The international price closed 2008 at $869.80 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 2008 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ103 | د.إ1,198 | د.إ1,027 |
| 22K | د.إ94 | د.إ1,098 | د.إ941 |
| 21K | د.إ90 | د.إ1,048 | د.إ899 |
| 18K | د.إ77 | د.إ898 | د.إ770 |
Year-end 2008 international price ($869.80/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2008
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $923.30 | د.إ109 | د.إ100 | +3.8% |
| February | $971.50 | د.إ115 | د.إ105 | +5.3% |
| March | $934.25 | د.إ110 | د.إ101 | -3.5% |
| April | $871.00 | د.إ103 | د.إ94 | -4.3% |
| May | $885.80 | د.إ105 | د.إ96 | -0.3% |
| June | $930.30 | د.إ110 | د.إ101 | +4.6% |
| July | $918.00 | د.إ108 | د.إ99 | -2.3% |
| August | $835.65 | د.إ99 | د.إ90 | -8.4% |
| September | $884.50 | د.إ104 | د.إ96 | +6.6% |
| October | $730.80 | د.إ86 | د.إ79 | -17.0% |
| November | $819.23 | د.إ97 | د.إ89 | +7.7% |
| December | $869.80 | د.إ103 | د.إ94 | +6.6% |
Monthly closes are the international USD price; the AED columns convert them at the 2008 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2008 vs today
Today 24K gold in the UAE is about د.إ473 per gram, roughly 4.6× the 2008 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2008?
At the end of 2008, 24K gold in the UAE was د.إ103 per gram and 22K was د.إ94 per gram. This is the international year-end price of $869.80 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 2008?
Gold rose 4.3% in AED terms during 2008, from د.إ98 to د.إ103 per gram, while the dollar price moved 4.3%. The difference between the two is the AED exchange rate.
What is the 2008 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ473 per gram, roughly 4.6 times the 2008 year-end price of د.إ103.