United Arab Emirates · AED · Saturday, August 12, 2023
Gold Price in United Arab Emirates — August 12, 2023
On August 12, 2023, gold in United Arab Emirates closed at approximately د.إ7,036 per troy ounce — about د.إ2,638 per tola or د.إ226 per gram. The figure is computed from the verified international XAU/USD spot price ($1,915.80/oz) × the day's AED/USD exchange rate.
AED / Troy Ounce
د.إ7,036
31.1035 g
AED / Gram
د.إ226
1 g
AED / Tola
د.إ2,638
11.664 g
All unit prices on August 12, 2023 — United Arab Emirates
| Unit | Weight | AED price |
|---|---|---|
| Troy ounce | 31.1035 g | د.إ7,036 |
| Gram | 1.0000 g | د.إ226 |
| 10 grams | 10 g | د.إ2,262 |
| Kilogram | 1,000 g | د.إ226,205 |
| Tola | 11.664 g | د.إ2,638 |
Karat-purity breakdown — August 12, 2023
| Karat | Per gram | Per 10g | Per tola |
|---|---|---|---|
| 24KUNITED ARAB EMIRATES STD | د.إ226 | د.إ2,260 | د.إ2,636 |
| 22K | د.إ207 | د.إ2,072 | د.إ2,417 |
| 21K | د.إ198 | د.إ1,979 | د.إ2,309 |
| 18K | د.إ170 | د.إ1,697 | د.إ1,979 |
| 14K | د.إ132 | د.إ1,323 | د.إ1,543 |
| 10K | د.إ94 | د.إ943 | د.إ1,100 |
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)
August 12 in other years — United Arab Emirates
August 12, 2023 gold price in other countries
How this August 12, 2023 United Arab Emirates price is calculated
International benchmark. The XAU/USD spot price for August 12, 2023 comes from gold-api.com's historical archive — the London PM-fix benchmark, which is the reference used by central banks and bullion dealers globally. On this date, that price was $1,915.80/oz.
Currency conversion. The AED/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (3.6725) to the USD price — not a year-average or month-end approximation. This makes the د.إ figure on this page accurate to the trading session.
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). We never compound rounding errors by going through intermediate units.
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 Emirates gold market” section above. The retail rate at a jeweller in United Arab Emirates on August 12, 2023 would have been a few percent above this number once those costs are included.
FAQ — United Arab Emirates gold price on August 12, 2023
What was the gold price in United Arab Emirates on August 12, 2023?
On August 12, 2023 (Saturday), gold in United Arab Emirates traded at approximately د.إ7,036 per troy ounce. That works out to about د.إ226 per gram, د.إ2,638 per tola, and د.إ2,262 per 10 grams. The figure is derived from international XAU/USD spot of $1,915.80/oz × the day's AED/USD exchange rate of 3.6725.
What was the 24K gold rate per tola in United Arab Emirates on August 12, 2023?
The 24K gold rate per tola in United Arab Emirates on August 12, 2023 was approximately د.إ2,636 (99.9% pure metal value). This excludes local taxes, dealer making charges and any country-specific levies — those add on top to produce the final retail rate.
What was the 24K gold rate in United Arab Emirates on August 12, 2023?
United Arab Emirates's most-quoted retail standard is 24K per gram. On August 12, 2023, that pure-metal value was approximately د.إ226. Add country-specific taxes and making charges (see the market-context section above) for the final retail rate.
How accurate is this number versus what jewellers were quoting?
The د.إ figure on this page is the verified international XAU/USD spot price for August 12, 2023 multiplied by the day's exchange rate. It represents the pure metal value at international parity — what a London-fix benchmark would have implied. Local jewellers add (1) import duties + sales tax / VAT, (2) dealer making charges (typically 3–12% of metal value), and (3) any premium for purity certification. Final retail rates in United Arab Emirates typically sit a few percent above this number.
Was August 12, 2023 a trading day?
August 12, 2023 fell on a Saturday; the international gold market may have been closed (weekend or holiday). The price shown on this page reflects the most recent close carried forward.
Want today's rate in United Arab Emirates? See live gold prices in United Arab Emirates with minute-by-minute updates and full karat breakdowns. To compare this archive figure against the live rate, that's where to go.
Different unit on this same date? The USD-only daily archive for August 12, 2023 includes per-day prices in 100+ other currencies and is the canonical reference page for this date.
Browse the archive. Step through every day of August 2023 in United Arab Emirates, see the full 2023 archive, or use our tola, gram and karat calculators for live calculations against today's rate.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested date, converted to AED at the same day's 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.