Gold Rate in the UAE in 2023
In 2023, 24K gold in the UAE ended the year at د.إ245 per gram, up 14.6% from د.إ214 at the end of 2022. The international price closed 2023 at $2,078.40 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 2023 by Karat and Unit
| Karat | Per Gram | Per Tola | Per 10 Grams |
|---|---|---|---|
| 24K | د.إ245 | د.إ2,862 | د.إ2,454 |
| 22K | د.إ225 | د.إ2,624 | د.إ2,250 |
| 21K | د.إ215 | د.إ2,505 | د.إ2,147 |
| 18K | د.إ184 | د.إ2,147 | د.إ1,841 |
Year-end 2023 international price ($2,078.40/oz) converted at 3.67 AED/USD. Local retail rates added duty, tax and making charges on top.
Monthly Gold Rate in the UAE 2023
| Month | USD/oz close | 24K per Gram (AED) | 22K per Gram (AED) | Month change |
|---|---|---|---|---|
| January | $1,930.90 | د.إ228 | د.إ209 | +1.7% |
| February | $1,831.16 | د.إ216 | د.إ198 | -6.4% |
| March | $1,987.65 | د.إ235 | د.إ215 | +7.8% |
| April | $1,991.86 | د.إ235 | د.إ216 | -0.4% |
| May | $1,973.83 | د.إ233 | د.إ214 | -1.6% |
| June | $1,922.69 | د.إ227 | د.إ208 | -3.0% |
| July | $1,972.32 | د.إ233 | د.إ213 | +1.1% |
| August | $1,947.76 | د.إ230 | د.إ211 | -0.9% |
| September | $1,879.17 | د.إ222 | د.إ203 | -3.8% |
| October | $2,007.19 | د.إ237 | د.إ217 | +8.6% |
| November | $2,046.99 | د.إ242 | د.إ222 | +2.8% |
| December | $2,074.72 | د.إ245 | د.إ225 | -0.0% |
Monthly closes are the international USD price; the AED columns convert them at the 2023 year-end exchange rate, so intra-year currency moves are not reflected month by month.
2023 vs today
Today 24K gold in the UAE is about د.إ476 per gram, roughly 1.9× the 2023 year-end price. See the live the UAE gold rate.
Frequently asked questions
What was the gold rate in the UAE in 2023?
At the end of 2023, 24K gold in the UAE was د.إ245 per gram and 22K was د.إ225 per gram. This is the international year-end price of $2,078.40 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 2023?
Gold rose 14.6% in AED terms during 2023, from د.إ214 to د.إ245 per gram, while the dollar price moved 14.6%. The difference between the two is the AED exchange rate.
What is the 2023 gold rate worth compared with today?
Today 24K gold in the UAE is about د.إ476 per gram, roughly 1.9 times the 2023 year-end price of د.إ245.