United Arab Emirates · AED · May 2024
Gold Price in United Arab Emirates — May 2024
In May 2024, the gold price in United Arab Emirates closed at approximately د.إ8,666 per troy ounce, equivalent to د.إ3,250 per tola or د.إ279 per gram. This represents a +0.37% change on the month (د.إ8,635 open → د.إ8,666 close).
Open
د.إ8,635
per troy ounce
Close
د.إ8,666
per troy ounce
High
د.إ8,998
per troy ounce
Low
د.إ8,523
per troy ounce
All unit prices at May 2024 close — United Arab Emirates
| Unit | Weight | Closing AED price |
|---|---|---|
| Troy ounce | 31.1035 g | د.إ8,666 |
| Gram | 1.0000 g | د.إ279 |
| 10 grams | 10 g | د.إ2,786 |
| Kilogram | 1,000 g | د.إ278,621 |
| Tola | 11.664 g | د.إ3,250 |
Karat-purity breakdown at May 2024 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KUNITED ARAB EMIRATES STD | د.إ278 | د.إ3,247 |
| 22K | د.إ255 | د.إ2,977 |
| 21K | د.إ244 | د.إ2,844 |
| 18K | د.إ209 | د.إ2,437 |
| 14K | د.إ163 | د.إ1,901 |
| 10K | د.إ116 | د.إ1,355 |
Daily gold price in AED — May 2024
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 — May 2024, United Arab Emirates
د.إ8,635
$2,351.13/oz
د.إ8,544
$2,326.52/oz
د.إ8,523
$2,320.71/oz
د.إ8,565
$2,332.23/oz
د.إ8,565
$2,332.23/oz
د.إ8,557
$2,329.98/oz
د.إ8,526
$2,321.53/oz
د.إ8,625
$2,348.43/oz
د.إ8,735
$2,378.56/oz
د.إ8,684
$2,364.56/oz
د.إ8,684
$2,364.56/oz
د.إ8,666
$2,359.71/oz
د.إ8,785
$2,391.99/oz
د.إ8,805
$2,397.52/oz
د.إ8,898
$2,422.79/oz
د.إ8,998
$2,450.13/oz
د.إ8,998
$2,450.13/oz
د.إ8,939
$2,434.00/oz
د.إ8,912
$2,426.62/oz
د.إ8,754
$2,383.79/oz
د.إ8,621
$2,347.54/oz
د.إ8,662
$2,358.57/oz
د.إ8,682
$2,364.18/oz
د.إ8,682
$2,364.18/oz
د.إ8,672
$2,361.45/oz
د.إ8,637
$2,351.91/oz
د.إ8,666
$2,359.73/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 2024 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 May 2024 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 May 2024
What was the gold price in United Arab Emirates in May 2024?
In May 2024, gold in United Arab Emirates opened at د.إ8,635/oz and closed at د.إ8,666/oz — a move of +0.37% on the month. Per tola: ≈د.إ3,250; per gram: ≈د.إ279; per 10g: ≈د.إ2,786.
What was the 24K gold rate per tola in United Arab Emirates in May 2024?
The 24K gold rate per tola in United Arab Emirates at the May 2024 close was approximately د.إ3,250, derived from international XAU/USD spot of $2,359.73/oz times the 2024-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 May 2024?
United Arab Emirates's most-quoted retail standard is 24K per gram. At the May 2024 close, that worked out to approximately د.إ278 (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 May 2024 (sourced from gold-api.com), multiplied by the 2024-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 2024-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 2024 archive or the USD-only May 2024 page with the country-by-country list at the bottom.
Other markets? Compare May 2024 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 2024-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.