United Arab Emirates · AED · Wednesday, August 16, 2023
Gold Price in United Arab Emirates — August 16, 2023
On August 16, 2023, gold in United Arab Emirates closed at approximately د.إ6,993 per troy ounce — about د.إ2,622 per tola or د.إ225 per gram. The figure is computed from the verified international XAU/USD spot price ($1,904.20/oz) × the day's AED/USD exchange rate.
AED / Troy Ounce
د.إ6,993
31.1035 g
AED / Gram
د.إ225
1 g
AED / Tola
د.إ2,622
11.664 g
All unit prices on August 16, 2023 — United Arab Emirates
| Unit | Weight | AED price |
|---|---|---|
| Troy ounce | 31.1035 g | د.إ6,993 |
| Gram | 1.0000 g | د.إ225 |
| 10 grams | 10 g | د.إ2,248 |
| Kilogram | 1,000 g | د.إ224,836 |
| Tola | 11.664 g | د.إ2,622 |
Karat-purity breakdown — August 16, 2023
| Karat | Per gram | Per 10g | Per tola |
|---|---|---|---|
| 24KUNITED ARAB EMIRATES STD | د.إ225 | د.إ2,246 | د.إ2,620 |
| 22K | د.إ206 | د.إ2,059 | د.إ2,402 |
| 21K | د.إ197 | د.إ1,967 | د.إ2,295 |
| 18K | د.إ169 | د.إ1,686 | د.إ1,967 |
| 14K | د.إ132 | د.إ1,315 | د.إ1,534 |
| 10K | د.إ94 | د.إ938 | د.إ1,094 |
Surrounding ±15 trading days — AED
Price action on August 16, 2023
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 2023
Calendar position
Day 228 of 365
Trading day
198th of 311
Position in 2023's range
28% (low $1,811.00 → high $2,148.99)
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 16 in other years — United Arab Emirates
August 16, 2023 gold price in other countries
How this August 16, 2023 United Arab Emirates price is calculated
International benchmark. The XAU/USD spot price for August 16, 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 $1,904.20/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 16, 2023 would have been a few percent above this number once those costs are included.
FAQ — United Arab Emirates gold price on August 16, 2023
What was the gold price in United Arab Emirates on August 16, 2023?
On August 16, 2023 (Wednesday), gold in United Arab Emirates traded at approximately د.إ6,993 per troy ounce. That works out to about د.إ225 per gram, د.إ2,622 per tola, and د.إ2,248 per 10 grams. The figure is derived from international XAU/USD spot of $1,904.20/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 16, 2023?
The 24K gold rate per tola in United Arab Emirates on August 16, 2023 was approximately د.إ2,620 (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 16, 2023?
United Arab Emirates's most-quoted retail standard is 24K per gram. On August 16, 2023, that pure-metal value was approximately د.إ225. 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 16, 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 16, 2023 a trading day?
Yes — August 16, 2023 was the 198th trading session of 311 for 2023 on the international gold market. Wednesdays are typically active trading days unless they fall on a major holiday.
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 16, 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.