24K Gold Price Trend in United Arab Emirates This month

During this This month in United Arab Emirates, 24K gold prices ranged between AED 559.00 and AED 588.00 per gram. This summary provides United Arab Emirates residents a clear view of the market direction beyond daily noise.

The United Arab Emirates is one of the world's most important gold trading hubs. Dubai's Gold Souk in Deira is the most famous, but each emirate has its own active gold market: Abu Dhabi's World Trade Centre Souk, Sharjah's Gold Souk near Rolla Square, and Ajman's Gold Souk. Gold in the UAE is priced in UAE Dirhams (AED), pegged to USD, and tracks the international spot price with very competitive local premiums. The UAE levies no import duty on gold, and investment-grade gold is VAT-exempt (introduced 5% VAT in 2018 but investment gold and gold bars above 99% purity are zero-rated). The Dubai Multi Commodities Centre (DMCC) is the regulatory body overseeing the UAE's gold trade and sets daily benchmark prices used across all emirates. Dubai Gold & Commodities Exchange (DGCX) trades gold futures. The UAE is a transit hub for gold flowing between the West, Africa, and Asia. Indian, Pakistani, and Filipino expatriates — who together make up over 60% of the UAE's population — are the largest buyers of 22K South Asian-style gold jewellery. Major international chains including Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers, and Pure Gold have flagship stores across all seven emirates.

Live analysis of 24K gold prices This month in United Arab Emirates. Compare highest and lowest rates reached with daily volatility charts.