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Platinum

Platinum Price in UAE Dirhams (AED) Today

As of October 5, 2026, the platinum price in UAE dirhams is AED 202.02 per gram. That's the spot price of $1,710.95 per troy ounce, up 0.61% over the past 24 hours, converted at the fixed peg of 3.6725 dirhams per US dollar.

Live platinum price in UAE dirhams per troy ounce and per gram. The AED/USD peg means the AED platinum price moves in direct proportion to the international spot price.

AED 202.02
+AED 1.23
+0.61%

UAE dirhams per gram

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Platinum price in UAE dirhams by weight

Metal value at spot. Local taxes, duties, making charges and dealer premiums come on top.

At the spot price of $1,710.95 per troy ounce, converted at the fixed peg of 3.6725 dirhams per US dollar, as of October 5, 2026.
WeightUAE dirhams (AED)US dollars (USD)
1 gramAED 202.02$55.01
1 tola (11.66 g)AED 2,356$641.61
1 troy ounceAED 6,283$1,711
1 kilogramAED 202,018$55,008

Price Chart

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Past prices on the chart are US dollar closes converted at today's USD/AED rate.

24h Change

+0.61%

24h Range

AED 199.32 to AED 202.57

Est. dealer bid/ask

AED 201.51 / AED 202.52

USD all-time high converted at today's rate

AED 344.82(Jan 26, 2026)

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Platinum in the UAE Market

The UAE dirham is pegged to the US dollar at a fixed rate of AED 3.6725 per USD. This eliminates currency risk for platinum investors and means the AED platinum price moves in direct, predictable proportion to the international spot price. To calculate the AED equivalent, multiply the USD spot price by 3.6725.

Platinum occupies a smaller but steadily growing niche in the Gulf precious metals market, which has historically been dominated by gold. The UAE's position as a global trading hub, combined with its favorable tax environment (no income tax, no capital gains tax), creates attractive conditions for platinum accumulation.

Dubai's established bullion infrastructure, including the Dubai Gold and Commodities Exchange (DGCX), provides a foundation for platinum-related trading alongside the more liquid gold contracts.

Platinum jewelry is available in the UAE through luxury retailers, high-end jewelry boutiques, and select vendors in Dubai's famous Gold Souk. While gold jewelry remains the cultural favorite across the Gulf region, platinum appeals to a growing segment of buyers who value its rarity, understated silver-white appearance, and association with exclusivity.

Specialist bullion dealers stock platinum bars and coins from internationally recognized refiners. The absence of capital gains tax means any appreciation in platinum value is retained in full. VAT treatment follows the UAE's precious metals framework, and storage solutions are available through private vault facilities in Dubai's secure free zone areas.

AED/USD peg: Fixed at 3.6725, eliminating currency fluctuation risk
Zero capital gains tax: No income tax or capital gains tax in the UAE
Bullion access: Specialist dealers in Dubai stock platinum bars and coins
VAT: Platinum follows UAE precious metals VAT rules
DGCX trading: The exchange provides a platform for platinum-related trading
Jewelry market: Platinum is available in Dubai's Gold Souk and luxury retailers

Data provided by MetalCharts, a free precious metals tracking platform offering real-time prices, interactive charts, historical data, and portfolio tools for gold, silver, platinum, palladium, and copper. Prices sourced from major global exchanges including COMEX, LBMA, and LME, updated continuously during market hours.

Data Methodology

Where does this price data come from?
Platinum spot prices come from market data feeds that track the primary global exchanges, with an automatic fallback to a second feed. Prices update in real time during market hours, and each one is the latest available mid-market spot rate.
How is the platinum spot price determined?
The platinum spot price is derived from the most actively traded futures contracts on NYMEX (CME Group) and the London Platinum and Palladium Market (LPPM). The spot price represents the current market price for immediate delivery, calculated from near-month futures contracts adjusted for carry costs. During off-hours, prices reflect OTC (over-the-counter) trading across global markets, providing continuous 24-hour price discovery.
How are prices converted to AED?
Metal prices are quoted in US dollars. The UAE dirham is pegged to the US dollar at 3.6725 dirhams per dollar, so prices in AED use that fixed rate. Price in AED = USD price × 3.6725.
How is the unit conversion calculated?
1 troy ounce is 31.1035 grams. Price per gram = price per troy ounce ÷ 31.1035.
When are precious metals markets open?
COMEX futures trade Sunday through Friday, 6:00 PM to 5:00 PM ET (23 hours per day with a 1-hour break). The London Bullion Market (LBMA) operates Monday to Friday with two daily fixings: AM fix at 10:30 AM London time and PM fix at 3:00 PM London time. Outside of formal exchange hours, precious metals continue to trade on OTC markets globally, meaning prices can move 24 hours a day, 5 days a week.

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Frequently Asked Questions

How is platinum priced in AED?
Multiply the international USD spot price by the fixed AED/USD exchange rate of 3.6725. Because the UAE dirham is pegged to the US dollar, there is no currency fluctuation risk. The AED platinum price moves in direct, predictable proportion to the global spot price, making it straightforward for UAE investors to track and compare prices internationally.
Is platinum tax-free in Dubai?
The UAE does not impose income tax or capital gains tax, so profits from buying and selling platinum are not subject to these taxes. VAT at 5% applies to platinum purchases depending on the form and purity. Investment-grade precious metals qualify for preferential VAT treatment under UAE tax regulations. The absence of income and capital gains taxes makes Dubai an attractive jurisdiction for precious metals investment.
Where can I buy platinum in Dubai?
Specialist bullion dealers stock platinum bars and coins from internationally recognised refiners. While the famous Gold Souk in Deira primarily focuses on gold jewelry, some retailers there also carry platinum products. Luxury retailers and high-end jewelers across Dubai offer platinum jewelry collections. For investment-grade platinum bars and coins, specialist precious metals dealers are the most reliable source, offering products from LPPM-accredited refiners with full certification.
How does platinum compare to gold in the UAE?
Gold is the dominant precious metal in the UAE market, deeply embedded in the culture and widely traded through the Gold Souk, banks, and major dealers. Platinum occupies a much smaller niche. Platinum provides diversification benefits for UAE investors who already hold gold, as its price is driven by different supply and demand factors, particularly industrial demand from the automotive and hydrogen fuel cell sectors. Platinum's relative undervaluation compared to gold has also attracted value-oriented investors.