Gold Rate in the UAE in 2011
In 2011, 24K gold in the UAE ended the year at د.إ181 per gram, up 8.9% from د.إ166 at the end of 2010. The international price closed 2011 at $1,531.00 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 2011 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ181 | د.إ2,109 | د.إ1,808 |
| 22K | د.إ166 | د.إ1,933 | د.إ1,657 |
| 21K | د.إ158 | د.إ1,845 | د.إ1,582 |
| 18K | د.إ136 | د.إ1,581 | د.إ1,356 |
Year-end 2011 international price ($1,531.00/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2011
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $1,327.00 | د.إ157 | د.إ144 | -15.6% |
| February | $1,411.00 | د.إ167 | د.إ153 | +2.6% |
| March | $1,439.00 | د.إ170 | د.إ156 | +1.1% |
| April | $1,535.50 | د.إ181 | د.إ166 | +3.7% |
| May | $1,536.50 | د.إ181 | د.إ166 | +1.6% |
| June | $1,505.50 | د.إ178 | د.إ163 | -1.8% |
| July | $1,632.06 | د.إ193 | د.إ177 | +3.8% |
| August | $1,813.50 | د.إ214 | د.إ196 | +3.1% |
| September | $1,620.00 | د.إ191 | د.إ175 | -11.0% |
| October | $1,722.00 | د.إ203 | د.إ186 | +3.3% |
| November | $1,746.00 | د.إ206 | د.إ189 | +0.4% |
| December | $1,531.00 | د.إ181 | د.إ166 | -12.6% |
Monthly closes are the international USD price; the AED columns convert them at the 2011 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2011 vs today
Today 24K gold in the UAE is about د.إ479 per gram, roughly 2.6× the 2011 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2011?
At the end of 2011, 24K gold in the UAE was د.إ181 per gram and 22K was د.إ166 per gram. This is the international year-end price of $1,531.00 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 2011?
Gold rose 8.9% in AED terms during 2011, from د.إ166 to د.إ181 per gram, while the dollar price moved 8.9%. The difference between the two is the AED exchange rate.
What is the 2011 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ479 per gram, roughly 2.6 times the 2011 year-end price of د.إ181.