Dubai has long been known as the “City of Gold“, a global hub for both trading and consuming gold. Tracking the gold rate in Dubai means understanding real-time data, purity variations, and the interplay of local and international market dynamics. This article offers a concise yet comprehensive look at current gold rates in Dubai, how they are set, and why they fluctuate.
Current Gold Rates (as of August 31, 2025)
- 24K gold trades at approximately AED 415.50 per gram, consistently displayed in both morning and evening sessions.
- 22K gold is priced around AED 384.75 per gram.
- 18K gold comes in at about AED 314.80 per gram.
- In terms of ounces, 24K gold per ounce is in the range of AED 12,663 to AED 12,775 depending on the source and calculation method.
These rates are spot prices and don’t include retail premiums or crafting charges.
How Gold Rates in Dubai Are Determined
Gold prices in Dubai reflect a combination of key factors:
- International Spot Prices: Dubai’s gold rates closely mirror global benchmarks due to its role as a major trading center
- Currency Peg: Since the UAE dirham is pegged to the US dollar, local gold prices remain stable against global gold movements.
- Balance of Supply and Demand: Local demand surges during tourist seasons and festivals. However, as noted in early 2025, high bullion prices (above $3,400 per ounce) led to a significant dip in demand for 22K jewelry
- Dealer Mark-ups: Retailers typically add small premiums, often around AED 4–5 per gram above spot prices
Historical Trends and Volatility
Over the past decade, gold prices in Dubai have shown significant movement. For instance, in 2020, gold once dropped below AED 5,000 per ounce, but global economic shifts—including the pandemic—propelled it above AED 7,600 per ounce JM Bullion. This history emphasizes gold’s status as both a commodity and a store of value during times of uncertainty.
Practical Tips for Tracking Dubai Gold Rates
- Check official sources such as the Dubai Gold & Jewellery Group and reputed platforms like Gold Trade for live updates.
- Compare rates across karats: 24K is purest, 18K more durable—understanding differences helps in making informed decisions.
- Watch seasonal dynamics: Tourist influxes and festival seasons can temporarily elevate demand and push prices up.
- Look for minimal spreads: Reputable dealers often provide rates close to spot prices with small mark-ups.
at the end
The gold rate in Dubai on August 31, 2025 stands at AED 415.50/g for 24K, AED 384.75/g for 22K, and AED 314.80/g for 18K, with 24K at around AED 12,660–12,770 per ounce. These figures reflect both global market trends and local dynamics in Dubai. Understanding how these rates form—through international benchmarks, currency stability, and market demand—provides clarity for anyone observing Dubai’s gold market.