Gold Rate in the UAE in 2016
In 2016, 24K gold in the UAE ended the year at د.إ135 per gram, up 8.1% from د.إ125 at the end of 2015. The international price closed 2016 at $1,145.90 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 2016 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ135 | د.إ1,578 | د.إ1,353 |
| 22K | د.إ124 | د.إ1,447 | د.إ1,240 |
| 21K | د.إ118 | د.إ1,381 | د.إ1,184 |
| 18K | د.إ101 | د.إ1,184 | د.إ1,015 |
Year-end 2016 international price ($1,145.90/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2016
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $1,129.95 | د.إ133 | د.إ122 | +2.9% |
| February | $1,234.90 | د.إ146 | د.إ134 | +3.0% |
| March | $1,237.00 | د.إ146 | د.إ134 | -0.7% |
| April | $1,285.70 | د.إ152 | د.إ139 | +3.5% |
| May | $1,212.10 | د.إ143 | د.إ131 | -3.9% |
| June | $1,320.80 | د.إ156 | د.إ143 | +3.5% |
| July | $1,355.04 | د.إ160 | د.إ147 | +1.1% |
| August | $1,309.30 | د.إ155 | د.إ142 | -3.0% |
| September | $1,322.50 | د.إ156 | د.إ143 | -0.3% |
| October | $1,272.00 | د.إ150 | د.إ138 | +0.4% |
| November | $1,178.10 | د.إ139 | د.إ128 | -8.6% |
| December | $1,145.90 | د.إ135 | د.إ124 | -1.4% |
Monthly closes are the international USD price; the AED columns convert them at the 2016 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2016 vs today
Today 24K gold in the UAE is about د.إ475 per gram, roughly 3.5× the 2016 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2016?
At the end of 2016, 24K gold in the UAE was د.إ135 per gram and 22K was د.إ124 per gram. This is the international year-end price of $1,145.90 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 2016?
Gold rose 8.1% in AED terms during 2016, from د.إ125 to د.إ135 per gram, while the dollar price moved 8.1%. The difference between the two is the AED exchange rate.
What is the 2016 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ475 per gram, roughly 3.5 times the 2016 year-end price of د.إ135.