Gold market chart
Historical benchmark in AED per troy ounce; weight conversions are shown in the tables.
Gold Price Chart in AED per Pennyweight
Live gold price history in UAE Dirham (AED) per pennyweight. Toggle 24H, 7D, 30D, and 1Y ranges to analyze gold trends.
Quick Calculator
Calculate gold value
= 1.5552 grams
= 0.050000 troy ounces
Price per dwt: —
Gold price by currency
Fine gold per pennyweight · current exchange rates
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US Dollar
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Euro
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British Pound
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Japanese Yen
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Swiss Franc
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Australian Dollar
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Canadian Dollar
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Indian Rupee
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Chinese Yuan
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Singapore Dollar
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Hong Kong Dollar
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UAE Dirham
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Saudi Riyal
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Mexican Peso
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Brazilian Real
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South Korean Won
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South African Rand
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Russian Ruble
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Turkish Lira
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Polish Zloty
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Thai Baht
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Malaysian Ringgit
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Indonesian Rupiah
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Philippine Peso
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Vietnamese Dong
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New Zealand Dollar
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Swedish Krona
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Norwegian Krone
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Danish Krone
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Czech Koruna
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Taiwan Dollar
Gold price by weight
| Weight | Grams | Spot value (AED) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
Gold price by karat & hallmark
Metal-only melt value; stones and making charges are not included.
What is a Pennyweight? Gold weight, conversions and local use
Definition. The pennyweight (1.55517 g, one twentieth of a troy ounce) is the unit American jewellers and scrap buyers still quote in. One pennyweight equals 1.55517 grams, or 0.05000 troy ounces, which at today's gold spot price works out to — AED.
Where it is used. Repair work, casting weights and scrap gold offers in the US are almost always priced per pennyweight rather than per gram. The unit is the trading standard in United States jewellery trade.
Pricing conventions. A scrap buyer quoting per dwt is quoting on a unit roughly 1.5 times a gram, so always convert before comparing with an online per-gram offer. Gold is the metal most often traded in these traditional units, because jewellery and savings demand kept the old weights alive long after industry went metric.
Good to know. The name survives from the medieval English penny, which literally weighed one pennyweight of silver.
Gold price per Pennyweight in AED — quick conversion table
| Quantity | Grams | Troy ounces | Value (AED) |
|---|---|---|---|
| 1 pennyweight | 1.555 g | 0.0500 oz t | — |
| 5 pennyweights | 7.776 g | 0.2500 oz t | — |
| 10 pennyweights | 15.552 g | 0.5000 oz t | — |
| 100 pennyweights | 155.517 g | 5.0000 oz t | — |
Values are calculated from the live XAU spot price converted into UAE Dirham and refresh with the price above.
Buying Gold in UAE: local market, taxes and premiums
At the live price shown above per pennyweight, the price you see here is the international XAU spot price converted into UAE Dirham. Physical buyers in UAE pay that reference plus a premium, and local trading is concentrated around Dubai's Gold Souk and the DMCC free zone. Buyers there generally watch the Dubai Gold & Commodities Exchange rate published each morning as the day's reference.
Taxes and duties. Investment-grade precious metals of 99% purity or higher are zero-rated for the 5% UAE VAT. Gold is the deepest of the four precious metals markets, so local retail spreads are usually the tightest and buy-back is easiest. That is why the shop price of gold in AED can sit noticeably above the spot value of the same pennyweight of metal.
How people usually buy. The common routes in UAE are Gold Souk retailers, DMCC-licensed dealers, Emirates Gold and Kaloti refiners and airport duty-free counters. The products most often quoted locally include 22K and 24K jewellery, tola bars, 1 oz coins, 1 kg bars.
Local conventions. Dubai jewellery is sold at the daily Dubai Gold Rate plus a transparent making charge, and the tola bar remains popular with South Asian buyers. Before you buy, compare the dealer's asking price per pennyweight with the live gold price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline AED quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in UAE can change.
Other Precious Metals in AED
Compare prices across different precious metals
About Gold Price in AED
What is Gold?
Gold is a chemical element with symbol Au and atomic number 79. It is a dense, soft, malleable metal that has been used as a store of value for thousands of years.
History
Gold has been known and used by artisans since the Chalcolithic age. Egypt and especially Nubia had the resources to make them major gold-producing areas for much of history.
Common Uses
Interesting Facts
- •Gold is one of the least reactive chemical elements
- •All the gold ever mined would fit in a cube about 21 meters on each side
- •Gold is so malleable that a single gram can be beaten into a sheet of 1 square meter
Gold Price Per Pennyweight in UAE Dirham
The current gold price per pennyweight in UAE Dirham (AED) is updated in real-time based on international market rates. Gold is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling gold in UAE, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in pennyweights, which may be more practical for local transactions.
The pennyweight is a unit of mass equal to 24 grains, 1/20 of a troy ounce. This unit is commonly used when trading gold in various markets around the world.
Gold Long-Term Returns vs Current AED Price
How gold has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for UAE investors tracking gold in AED.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Gold price in AED – FAQ
How much does one ounce of gold cost in AED today?
One troy ounce of gold currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XAU/AED rate.
What is the current gold rate in UAE today?
The current gold rate in UAE is the live spot price shown on this page per pennyweight. Prices refresh every 5 minutes and follow the international Gold spot price converted to UAE Dirham.
How much is 1 pennyweight of gold in AED?
1 pennyweight of gold equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the AED exchange rate (1 pennyweight = 1.55517 grams).
How is the gold price per pennyweight calculated?
The gold price per pennyweight is calculated by converting the international spot price (quoted per troy ounce in USD) to AED using the current exchange rate, then converting to the pennyweight weight unit (1 pennyweight = 1.55517 grams).
Do I pay tax or VAT when buying gold in UAE?
Investment-grade precious metals of 99% purity or higher are zero-rated for the 5% UAE VAT. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per pennyweight more than small differences in the AED spot quote.
Where do people usually buy gold in UAE?
The usual routes are Gold Souk retailers, DMCC-licensed dealers, Emirates Gold and Kaloti refiners, airport duty-free counters. Local trading is centred on Dubai's Gold Souk and the DMCC free zone, and the products most often quoted are 22K and 24K jewellery, tola bars, 1 oz coins, 1 kg bars.
Why is the shop price of gold higher than the spot price in AED?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Gold is the deepest of the four precious metals markets, so local retail spreads are usually the tightest and buy-back is easiest. Compare the asking price per pennyweight with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the UAE gold market follow?
Local buyers generally follow the Dubai Gold & Commodities Exchange rate published each morning, converted into UAE Dirham (AED). Dubai jewellery is sold at the daily Dubai Gold Rate plus a transparent making charge, and the tola bar remains popular with South Asian buyers.