Gold Rate in the UAE in 2012
In 2012, 24K gold in the UAE ended the year at د.إ196 per gram, up 8.3% from د.إ181 at the end of 2011. The international price closed 2012 at $1,657.50 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 2012 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ196 | د.إ2,283 | د.إ1,957 |
| 22K | د.إ179 | د.إ2,092 | د.إ1,794 |
| 21K | د.إ171 | د.إ1,997 | د.إ1,712 |
| 18K | د.إ147 | د.إ1,712 | د.إ1,468 |
Year-end 2012 international price ($1,657.50/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2012
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $1,744.00 | د.إ206 | د.إ189 | +2.6% |
| February | $1,770.00 | د.إ209 | د.إ192 | +1.4% |
| March | $1,662.50 | د.إ196 | د.إ180 | -3.0% |
| April | $1,651.30 | د.إ195 | د.إ179 | +0.1% |
| May | $1,558.00 | د.إ184 | د.إ169 | -6.4% |
| June | $1,598.50 | د.إ189 | د.إ173 | -0.5% |
| July | $1,622.00 | د.إ192 | د.إ176 | +1.7% |
| August | $1,648.50 | د.إ195 | د.إ178 | +1.1% |
| September | $1,791.74 | د.إ212 | د.إ194 | +2.7% |
| October | $1,719.00 | د.إ203 | د.إ186 | -3.8% |
| November | $1,726.00 | د.إ204 | د.إ187 | +0.3% |
| December | $1,657.50 | د.إ196 | د.إ179 | -1.6% |
Monthly closes are the international USD price; the AED columns convert them at the 2012 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2012 vs today
Today 24K gold in the UAE is about د.إ482 per gram, roughly 2.5× the 2012 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2012?
At the end of 2012, 24K gold in the UAE was د.إ196 per gram and 22K was د.إ179 per gram. This is the international year-end price of $1,657.50 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 2012?
Gold rose 8.3% in AED terms during 2012, from د.إ181 to د.إ196 per gram, while the dollar price moved 8.3%. The difference between the two is the AED exchange rate.
What is the 2012 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ482 per gram, roughly 2.5 times the 2012 year-end price of د.إ196.