Gold has always held a special place in people’s hearts—whether it’s for weddings, investments, or gifts during festivals. In the UAE, especially, gold is more than just a metal. It’s a tradition. Every day, many people check the gold rate before heading to the market. Today, we bring you the updated 22-carat gold price in the UAE and everything else you need to know.
What Is the 22-Carat Gold Rate Today?
As of this morning, the price of 22-carat gold in the UAE is around AED 245 per gram. The rate can slightly change depending on the market, location, and timing, but this is a close estimate based on current market trends. For those planning to buy gold jewellery or invest in gold bars, this rate is your go-to guide.
Here’s a quick breakdown of today’s 22-carat gold prices in different weights:
- 1 gram: AED 245
- 5 grams: AED 1,225
- 10 grams: AED 2,450
- 50 grams: AED 12,250
- 100 grams: AED 24,500
These rates may differ slightly between shops or online retailers, but they give a good ballpark figure for buyers.
Why Is Gold So Important in the UAE?
In the UAE, gold is not just an investment. It is a part of daily life. Weddings, birthdays, Eid, Diwali—every celebration seems incomplete without a bit of gold. Dubai is even known as the “City of Gold,” with massive souks and modern jewellery stores offering every style you can think of.
Another reason gold is so popular in the country is because of its purity and price transparency. The UAE government keeps a close watch on gold trading, so people feel safe when buying. Most shops display daily updated gold rates on digital boards or posters.
What Affects Gold Prices?
Gold prices are not fixed and can change even multiple times a day. But what causes this?
- International Gold Prices: Since gold is traded globally, the international market directly affects local prices. If the global gold rate increases, it does so here too.
- Currency Strength: If the US dollar gets stronger, gold prices can fall, and vice versa. The AED is tied to the dollar, so this also plays a role.
- Demand and Supply: During festivals or wedding seasons, the demand for gold goes up, which sometimes causes a small increase in prices.
- Political or Economic Unrest: When things are uncertain in the world—like wars, inflation, or financial crises—people turn to gold as a safe option. This leads to higher demand and thus higher prices.
22-Carat vs. 24-Carat Gold: What’s the Difference?
A lot of people get confused between 22-carat and 24-carat gold. Here’s a simple explanation:
- 22-carat gold contains 91.67% pure gold and is mixed with other metals like copper or silver. This makes it strong enough for making jewellery.
- 24-carat gold is 99.99% pure. It’s softer and usually used for coins or bars, not for regular wear jewellery.
If you’re planning to buy something to wear daily, 22-carat gold is the better choice because of its durability.
Is Now a Good Time to Buy?
That’s the question many people ask. The answer depends on your purpose.
If you are buying for a wedding or upcoming celebration, you might not want to wait. The price is currently stable and not too high compared to recent peaks. However, if you are an investor, you may want to watch trends for a few more days or weeks before making a big purchase.
A smart way to decide is to track the gold rate for a week or two and see if there is a pattern. Many gold buyers in the UAE check daily rates in the morning before they go to a store.
How to Check Gold Rates Daily?
Many jewellery stores in the UAE have websites or apps where you can check live gold rates. There are also digital boards in major malls and souks. Another way is to follow financial news apps or radio updates. Some banks and investment platforms also display gold prices for customers.
You don’t have to be a professional investor to follow gold trends. Even checking once a day can help you make smarter decisions.
Tips for Buying Gold in the UAE
If you’re planning to shop for gold soon, keep these tips in mind:
- Compare Shops: Don’t buy from the first shop you see. Prices may be similar, but making charges (the fee for making the jewellery) vary a lot.
- Ask for the Gold Rate: Always confirm the day’s rate before finalising your purchase.
- Check Hallmarks: Make sure your gold has a proper stamp or hallmark showing the purity.
- Buy from Trusted Brands: Stick to well-known stores or those with a strong reputation in the gold market.
- Negotiate Making Charges: You can often ask for a discount on the making charges—especially if you’re buying in bulk.
Final Thoughts
Gold continues to be one of the most loved and trusted forms of wealth in the UAE. With prices currently steady, now could be a good time to make that long-planned purchase. Whether you’re shopping for a wedding, festival, or just adding to your collection, keeping an eye on the daily 22-carat gold rate is a smart move.
Also read: End of Service Calculator UAE: Know What You’re Owed Before You Go
