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Dubai Living, gold prices
Today's Dubai gold rate per gram, by karat, in AED with USD, EUR, and INR conversions. Numbers below come from the Dubai Gold and Jewellery Group fixing on 2026-05-09. Retail shops add a 5 to 15 percent making charge on top, depending on the design.
| Karat | AED | USD | EUR | INR |
|---|---|---|---|---|
| 24K (99.9% pure) | 387.50 | 105.48 | 96.95 | 8796.25 |
| 22K (91.7% pure) | 358.75 | 97.65 | 89.76 | 8143.63 |
| 21K (87.5% pure) | 343.00 | 93.36 | 85.82 | 7786.10 |
| 18K (75.0% pure) | 294.25 | 80.09 | 73.62 | 6679.47 |
Source: Dubai Gold and Jewellery Group (DGJG) public daily fixing. Last fixing on 2026-05-09.
Dubai is the second-largest physical gold trading hub in the world after London, and the largest in the Middle East. The emirate clears around 30 percent of global physical gold flow every year through the DMCC free zone, the Gold Souk in Deira, and the Dubai Gold and Commodities Exchange (DGCX). For residents and visitors, that volume translates into a practical advantage: tight spreads, transparent fixing, and no import duty on gold bullion itself. VAT of 5 percent applies to jewellery making charges, not to the gold content.
Pure gold is 24 karats. Every karat below 24 is an alloy with copper, silver, palladium, or zinc, which is what gives white gold and rose gold their colour. The price you pay tracks the gold fraction directly. A 22K gram is roughly 91.7 percent of the 24K rate, a 21K gram is roughly 87.5 percent, and an 18K gram is roughly 75 percent. Today in Dubai, that puts 22K at AED 358.75 per gram and 18K at AED 294.25 per gram. The gap is bigger than it looks because making charges scale with karatage too: heavier 24K bars carry the lowest making percentage; intricate 18K diamond pieces carry the highest.
Gold has had a strong 2025-2026 cycle. The 24K rate per gram in AED has moved from 312.00 in 2025-06 to 387.50 in 2026-05, a 24.2 percent rise over twelve months. Three drivers explain most of the move: the Federal Reserve's slower-than-expected rate-cut path, central-bank buying out of Asia (China, India, Turkey added a combined 1,037 tonnes to reserves in 2025), and persistent demand from Indian and GCC retail buyers ahead of the wedding season.
| Month | 24K (AED / g) |
|---|---|
| 2025-06 | 312.00 |
| 2025-07 | 318.50 |
| 2025-08 | 322.75 |
| 2025-09 | 331.00 |
| 2025-10 | 340.50 |
| 2025-11 | 349.25 |
| 2025-12 | 355.00 |
| 2026-01 | 362.50 |
| 2026-02 | 370.00 |
| 2026-03 | 376.25 |
| 2026-04 | 382.00 |
| 2026-05 | 387.50 |
For investment-grade bars and certified coins, the Gold and Diamond Park on Sheikh Zayed Road is the practical default: modern showrooms, English-speaking sales floors, and DMCC-listed refiners on site. For wedding sets and traditional 22K jewellery, the Dubai Gold Souk in Deira still has the deepest inventory in the city, with hundreds of independent shops negotiating openly. For institutional volumes, DGCX runs physical-delivery contracts cleared through a regulated clearing house. Retail buyers should always ask for a certificate of authenticity, weigh the piece on the shop's calibrated scale, and confirm the fixing rate quoted matches the day's published rate.
For Dubai property buyers, gold is often part of a broader portfolio question. Our team covers both: browse Dubai property, or read our investment methodology.
| Venue | Neighbourhood | Hours | Specialty |
|---|---|---|---|
| Dubai Gold Souk | Deira | 09:30 to 22:00 daily, closed Friday morning | Largest selection of 22K and 24K bullion and jewellery |
| Gold and Diamond Park | Sheikh Zayed Road | 10:00 to 22:00 daily | Modern showrooms, certified bars, in-house refining |
| DGCX (Dubai Gold and Commodities Exchange) | DMCC, JLT | Trading 09:00 to 23:30 Mon to Fri | Futures and physical-delivery contracts for institutions |
| Meena Bazaar gold shops | Bur Dubai | 10:00 to 22:30 daily | Indian-style 22K jewellery, lower making charges |
Wholesale gold rates in Dubai are fixed twice every business day by the Dubai Gold and Jewellery Group, at 10:00 and 17:00 local time. Retail prices follow within minutes. On a quiet day, prices move 0.5 to 1 percent. On a volatile day, they can swing 3 to 4 percent.
Karatage measures purity. 24K is 99.9 percent gold, soft and rarely worn as jewellery. 22K is 91.7 percent gold, the standard for Dubai bridal sets. 21K is 87.5 percent, common in Gulf-style jewellery. 18K is 75 percent, used for diamond settings and gem-heavy designs.
In most months, yes. Dubai applies 5 percent VAT on jewellery making charges, but no import duty on gold itself, and no customs charge for personal-use bullion under 1 kilogram. The like-for-like saving on a 22K wedding set is typically 8 to 12 percent versus India and 10 to 15 percent versus the UK.
For personal use, you can carry up to 50,000 AED of gold (roughly 130 grams of 24K at current prices) without declaring at Dubai customs. Above that, declaration is required. Destination countries set their own limits. For India, the duty-free allowance is 20 grams for women and 10 grams for men, capped at 100,000 INR.
For investment-grade bars, Gold and Diamond Park on Sheikh Zayed Road and DGCX-registered dealers. For wedding jewellery, the Dubai Gold Souk in Deira and Meena Bazaar in Bur Dubai. For modern designs, ICONIC, Damas, and Joyalukkas in any major mall. Bargaining is expected at the souks; making charges drop 10 to 20 percent if you ask.
Javier Sanz Alvarez
Licensed agent, RERA and DLD registered.12+ years in Dubai real estate, private equity and investment banking. 12+ years in Dubai real estate, private equity and investment banking.
Last reviewed 2026-05-09 by Javier Sanz Alvarez, RERA BRN 1573501, DLD Broker Card 92025. Oliva is a licensed Dubai brokerage. We update this page when the underlying data changes; if you spot something out of date, let us know.