Gold Rate in the UAE in 2018
In 2018, 24K gold in the UAE ended the year at د.إ151 per gram, down 0.9% from د.إ152 at the end of 2017. The international price closed 2018 at $1,279.00 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 2018 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ151 | د.إ1,762 | د.إ1,510 |
| 22K | د.إ138 | د.إ1,615 | د.إ1,384 |
| 21K | د.إ132 | د.إ1,541 | د.إ1,321 |
| 18K | د.إ113 | د.إ1,321 | د.إ1,133 |
Year-end 2018 international price ($1,279.00/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2018
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $1,345.10 | د.إ159 | د.إ146 | +1.0% |
| February | $1,317.90 | د.إ156 | د.إ143 | -1.8% |
| March | $1,323.90 | د.إ156 | د.إ143 | -0.1% |
| April | $1,313.20 | د.إ155 | د.إ142 | -1.6% |
| May | $1,305.40 | د.إ154 | د.إ141 | -0.1% |
| June | $1,250.50 | د.إ148 | د.إ135 | -3.4% |
| July | $1,221.00 | د.إ144 | د.إ132 | -1.4% |
| August | $1,202.50 | د.إ142 | د.إ130 | -1.4% |
| September | $1,192.59 | د.إ141 | د.إ129 | -0.5% |
| October | $1,215.00 | د.إ143 | د.إ132 | -0.0% |
| November | $1,217.60 | د.إ144 | د.إ132 | -1.1% |
| December | $1,279.00 | د.إ151 | د.إ138 | +2.3% |
Monthly closes are the international USD price; the AED columns convert them at the 2018 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2018 vs today
Today 24K gold in the UAE is about د.إ483 per gram, roughly 3.2× the 2018 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2018?
At the end of 2018, 24K gold in the UAE was د.إ151 per gram and 22K was د.إ138 per gram. This is the international year-end price of $1,279.00 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 2018?
Gold fell 0.9% in AED terms during 2018, from د.إ152 to د.إ151 per gram, while the dollar price moved -0.9%. The difference between the two is the AED exchange rate.
What is the 2018 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ483 per gram, roughly 3.2 times the 2018 year-end price of د.إ151.