Gold Price in UAE Dirhams (AED)
Track the live gold price in UAE dirhams per troy ounce and per gram. Real-time XAU/AED pricing with Dubai Gold & Commodities Exchange data and Gold Souk reference rates.
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Dubai: The City of Gold
The UAE dirham is pegged to the US dollar at a fixed rate of AED 3.6725 per USD, so the AED gold price moves in direct proportion to the international spot price with no currency risk.
- AED/USD peg: fixed at 3.6725 -- no currency fluctuation risk
- Dubai Gold Souk: 300+ retailers in Deira, one of the world's largest gold markets
- Tax-free: no income tax, no capital gains tax, and investment gold is VAT-exempt (99%+ purity)
- Trade authority: Dubai Multi Commodities Centre (DMCC) oversees the gold trade
- Futures exchange: Dubai Gold & Commodities Exchange (DGCX) for hedging and speculation
- Local refiners: Emirates Gold and Al Etihad Gold (LBMA Good Delivery accredited)
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Frequently Asked Questions
Why is gold popular in the UAE?
The UAE is one of the world's largest gold trading hubs. Dubai's Gold Souk and duty-free gold purchases make gold especially accessible, and gold is deeply embedded in Emirati culture for gifts and celebrations.
Is gold tax-free in Dubai?
Yes, Dubai and the wider UAE offer an exceptionally tax-friendly environment for gold. There is no income tax, no capital gains tax, and investment gold (purity 99%+) is zero-rated for VAT. This makes the UAE one of the cheapest places in the world to buy gold, as the price is essentially the international spot price plus a small dealer margin with no tax added on top.
What is the Dubai Gold Souk?
The Dubai Gold Souk is a traditional market located in the Deira district of Dubai, featuring over 300 gold retailers. It is one of the largest and most famous gold markets in the world, offering jewelry, bars, and coins in a range of purities including 24K, 22K, 21K, and 18K. The Dubai Gold & Jewellery Group publishes daily reference rates that serve as the baseline for pricing across the market.
Why is gold cheaper in Dubai than other countries?
Gold in Dubai benefits from zero VAT on investment gold, no capital gains tax, no income tax, and fierce competition among hundreds of dealers. The city's massive scale of gold trading also drives margins down. However, buyers from other countries should factor in potential customs duties and taxes when importing gold to their home country, which may offset the savings from buying in Dubai.