United Arab Emirates · AED · April 2023
Gold Price in United Arab Emirates — April 2023
In April 2023, the gold price in United Arab Emirates closed at approximately د.إ7,367 per troy ounce, equivalent to د.إ2,763 per tola or د.إ237 per gram. This represents a +0.32% change on the month (د.إ7,344 open → د.إ7,367 close).
Open
د.إ7,344
per troy ounce
Close
د.إ7,367
per troy ounce
High
د.إ7,523
per troy ounce
Low
د.إ7,248
per troy ounce
All unit prices at April 2023 close — United Arab Emirates
| Unit | Weight | Closing AED price |
|---|---|---|
| Troy ounce | 31.1035 g | د.إ7,367 |
| Gram | 1.0000 g | د.إ237 |
| 10 grams | 10 g | د.إ2,369 |
| Kilogram | 1,000 g | د.إ236,864 |
| Tola | 11.664 g | د.إ2,763 |
Karat-purity breakdown at April 2023 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KUNITED ARAB EMIRATES STD | د.إ237 | د.إ2,760 |
| 22K | د.إ217 | د.إ2,531 |
| 21K | د.إ207 | د.إ2,417 |
| 18K | د.إ178 | د.إ2,072 |
| 14K | د.إ139 | د.إ1,616 |
| 10K | د.إ99 | د.إ1,152 |
Daily gold price in AED — April 2023
April 2023 gold market: Gold consolidates above $1,950
Range-boundA firm hold near $2,000 after the March surge.
Gold held firm above $1,950 in April, briefly trading over $2,000, as the banking aftermath kept safe-haven demand alive and the dollar stayed soft. The metal consolidated its sharp March gains rather than extending them.
What drove gold in April 2023
- lingering banking-sector stress
- soft US dollar
- steady central-bank demand
- rate-cut expectations
Key events in April 2023
- Apr 13Gold trades above $2,000 intraday before easing
What happened next
Gold made a fuller run at its record in early May amid debt-ceiling brinkmanship.
For gold buyers in United Arab Emirates
April's steadiness near $2,000 showed the March rally had staying power, not just a panic spike.
The 2023 gold market: Banking crisis and another record CB buy year
Silicon Valley Bank failed in March 2023, followed by Credit Suisse rescue. Gold rallied to $2,072 in May, then traded $1,820–$2,090 through year-end. Central banks bought another 1,037 tonnes — second-highest ever. Year close: $2,062.
Key drivers in 2023
Regional banking crisis, Credit Suisse failure, central-bank buying continues, persistent inflation
2023 XAU/USD high
$2,135 (Dec)
2023 XAU/USD low
$1,810 (Feb)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The United Arab Emirates gold market
Dubai is one of the world's most trusted retail gold hubs, with Deira Gold Souk and the Dubai Gold & Commodities Exchange driving liquidity. Prices are quoted per gram across 24K, 22K, 21K and 18K purities. UAE applies a 5% VAT on gold jewellery (with exemptions for investment-grade bullion ≥99.5% purity), so investment bars trade closer to spot than jewellery does. The Dubai Gold Rate is widely tracked across the GCC.
Standard quote unit
gram
Common purity
24K
Currency
AED (د.إ)
Daily gold price — April 2023, United Arab Emirates
د.إ7,344
$1,999.77/oz
د.إ7,310
$1,990.55/oz
د.إ7,284
$1,983.30/oz
د.إ7,380
$2,009.60/oz
د.إ7,458
$2,030.90/oz
د.إ7,352
$2,001.90/oz
د.إ7,352
$2,001.90/oz
د.إ7,374
$2,007.86/oz
د.إ7,352
$2,001.90/oz
د.إ7,355
$2,002.70/oz
د.إ7,375
$2,008.20/oz
د.إ7,523
$2,048.50/oz
د.إ7,416
$2,019.40/oz
د.إ7,400
$2,015.08/oz
د.إ7,329
$1,995.60/oz
د.إ7,343
$1,999.40/oz
د.إ7,310
$1,990.60/oz
د.إ7,371
$2,007.20/oz
د.إ7,248
$1,973.70/oz
د.إ7,311
$1,990.85/oz
د.إ7,265
$1,978.20/oz
د.إ7,299
$1,987.40/oz
د.إ7,356
$2,003.00/oz
د.إ7,292
$1,985.70/oz
د.إ7,281
$1,982.60/oz
د.إ7,367
$2,006.07/oz
How United Arab Emirates gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The AED/USD exchange rate comes from exchangerate-api.com's 2023 year-end snapshot.
Conversion. Every AED figure on this page is computed as XAU/USD price × AED/USD rate. We use the year-end exchange rate consistently across all April 2023 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in United Arab Emirates, add the country-specific levies described in the “United Arab Emiratesgold market” section above.
FAQ — United Arab Emirates gold price in April 2023
What was the gold price in United Arab Emirates in April 2023?
In April 2023, gold in United Arab Emirates opened at د.إ7,344/oz and closed at د.إ7,367/oz — a move of +0.32% on the month. Per tola: ≈د.إ2,763; per gram: ≈د.إ237; per 10g: ≈د.إ2,369.
What was the 24K gold rate per tola in United Arab Emirates in April 2023?
The 24K gold rate per tola in United Arab Emirates at the April 2023 close was approximately د.إ2,763, derived from international XAU/USD spot of $2,006.07/oz times the 2023-end AED/USD exchange rate of 3.6725. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in United Arab Emirates in April 2023?
United Arab Emirates's most-quoted retail standard is 24K per gram. At the April 2023 close, that worked out to approximately د.إ237 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
AED prices on this page are computed from the verified international XAU/USD spot price for April 2023 (sourced from gold-api.com), multiplied by the 2023-end AED/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The د.إ figures here represent the international gold spot price converted to AED at the 2023-end exchange rate. United Arab Emirates's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in United Arab Emirates? See live gold prices in United Arab Emirates with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2023 archive or the USD-only April 2023 page with the country-by-country list at the bottom.
Other markets? Compare April 2023 prices across other major gold-trading countries: Pakistan, India, Saudi Arabia, United States, United Kingdom.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to AED at the 2023-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in United Arab Emirates before transacting.