Gold Rate History in Dubai: Yearly 24K and 22K Prices from 2000 to 2026
By Zohaib Noman, Editor of GoldRateUAE. Yearly figures update automatically every week from the LBMA gold price. How we calculate the rate.
Quick answer: At world market prices, 24K gold in the UAE averaged AED 32.95 per gram in 2000, AED 147.69 in 2016 and AED 405.17 in 2025, then hit a record AED 638.19 on 29 January 2026. That is a more than fifteenfold rise since 2000.
GoldRateUAE keeps a complete gold rate history in Dubai and the UAE, year by year, so you can see whether today’s price is high or low in context. Every figure below is the world market price, taken from the LBMA gold price in London and converted at the fixed rate of 3.6725 dirhams per US dollar.
For the last 30 days, see our gold price chart for the UAE. This page covers the long run.
How Has the Gold Price in Dubai Changed Since 2000?
The table lists the average, low and high for 24K gold in each year, plus the 22K average used for most jewellery. The final column shows how much the yearly average rose or fell against the year before.
| Year | Average 24K (AED/g) | Average 22K (AED/g) | Low 24K | High 24K | Change in average |
|---|---|---|---|---|---|
| 2026 | 537.32 | 492.56 | 471.53 | 638.19 | +32.6% |
| 2025 | 405.17 | 371.42 | 310.93 | 525.36 | +43.8% |
| 2024 | 281.75 | 258.28 | 234.39 | 327.98 | +23.0% |
| 2023 | 229.13 | 210.04 | 213.83 | 245.40 | +7.8% |
| 2022 | 212.54 | 194.84 | 192.31 | 240.76 | +0.1% |
| 2021 | 212.37 | 194.68 | 198.83 | 229.44 | +1.6% |
| 2020 | 208.94 | 191.54 | 174.07 | 244.08 | +27.1% |
| 2019 | 164.43 | 150.73 | 149.89 | 182.55 | +9.8% |
| 2018 | 149.77 | 137.30 | 139.14 | 159.98 | +0.9% |
| 2017 | 148.44 | 136.07 | 135.90 | 158.96 | +0.5% |
| 2016 | 147.69 | 135.38 | 127.17 | 161.32 | +7.8% |
| 2015 | 136.97 | 125.56 | 123.91 | 152.99 | -8.4% |
| 2014 | 149.53 | 137.07 | 134.84 | 163.53 | -10.3% |
| 2013 | 166.63 | 152.75 | 140.74 | 199.99 | -15.4% |
| 2012 | 197.06 | 180.65 | 181.83 | 211.56 | +6.2% |
| 2011 | 185.56 | 170.10 | 155.74 | 223.75 | +28.3% |
| 2010 | 144.58 | 132.54 | 124.92 | 167.78 | +25.9% |
| 2009 | 114.81 | 105.25 | 95.64 | 143.16 | +11.5% |
| 2008 | 102.96 | 94.38 | 84.13 | 119.40 | +25.4% |
| 2007 | 82.11 | 75.27 | 71.84 | 99.31 | +15.2% |
| 2006 | 71.29 | 65.35 | 61.96 | 85.60 | +35.8% |
| 2005 | 52.48 | 48.11 | 48.54 | 63.35 | +8.6% |
| 2004 | 48.31 | 44.29 | 44.28 | 53.63 | +12.6% |
| 2003 | 42.90 | 39.33 | 37.77 | 49.15 | +17.3% |
| 2002 | 36.56 | 33.52 | 32.79 | 41.24 | +14.3% |
| 2001 | 32.00 | 29.34 | 30.22 | 34.63 | -2.9% |
| 2000 | 32.95 | 30.21 | 31.15 | 36.92 |
Source: LBMA Gold Price (PM) in US dollars per troy ounce, converted at 3.6725 AED per USD and 31.1035 grams per ounce. These are world market values; jewellery shop board rates are usually a few percent higher.
Three long stretches stand out. Gold climbed steadily through the 2000s, fell back from 2013 to 2015, then entered a new rise from 2019 that gathered speed in 2024 and 2025.
Gold Rate History by Year, 2020 to 2026
Each summary below comes straight from the price data, so it updates on its own as the current year goes on.
2026: A Record High, Then a Correction
So far in 2026, to 25 September, 24K gold in the UAE averaged AED 537.32 per gram and 22K averaged AED 492.56 per gram at world market prices. The low was AED 471.53 on 16 July and the high was AED 638.19 on 29 January. The average was 32.6% higher than in 2025.Gold opened the year near US$4,350 per ounce and ran to a record US$5,405 on 29 January, passing US$5,000 for the first time on 26 January. The price then fell about 26% to a low of US$3,993.55 on 16 July before recovering part of the loss. The full month by month story is on our gold price in Dubai 2026 page.
2025: The Biggest Yearly Rise on This Table
In 2025, 24K gold in the UAE averaged AED 405.17 per gram and 22K averaged AED 371.42 per gram at world market prices. The low was AED 310.93 on 6 January and the high was AED 525.36 on 23 December. The average was 43.8% higher than in 2024.The world price crossed US$3,000 per ounce for the first time on 18 March 2025, US$3,500 on 3 September and US$4,000 on 8 October. From the first trading day to the last, the price rose about 65%. See our gold price in Dubai 2025 page for every month.
High prices changed how UAE residents bought. According to the World Gold Council, UAE jewellery demand fell 15% in 2025 to 29.4 tonnes, as buyers moved to lighter pieces, coins and bars.
2024: Above US$2,500 for the First Time
In 2024, 24K gold in the UAE averaged AED 281.75 per gram and 22K averaged AED 258.28 per gram at world market prices. The low was AED 234.39 on 14 February and the high was AED 327.98 on 30 October. The average was 23.0% higher than in 2023.The price first closed above US$2,500 per ounce on 20 August 2024. Central banks bought more than 1,000 tonnes of gold for the third year running, which kept strong support under the market.
2023: A New Record at Year End
In 2023, 24K gold in the UAE averaged AED 229.13 per gram and 22K averaged AED 210.04 per gram at world market prices. The low was AED 213.83 on 24 February and the high was AED 245.40 on 28 December. The average was 7.8% higher than in 2022.The year ended on its high: US$2,078.40 on 28 December 2023, a record at the time. It beat the previous peak set in August 2020.
2022: Flat Prices, Record Central Bank Buying
In 2022, 24K gold in the UAE averaged AED 212.54 per gram and 22K averaged AED 194.84 per gram at world market prices. The low was AED 192.31 on 3 November and the high was AED 240.76 on 8 March. The average was 0.1% higher than in 2021.Rising US interest rates and a strong dollar held gold back, and the yearly average was almost unchanged. Central banks still bought 1,082 tonnes, the most since 1950, according to World Gold Council data.
2021: A Quiet Year After the Pandemic Spike
In 2021, 24K gold in the UAE averaged AED 212.37 per gram and 22K averaged AED 194.68 per gram at world market prices. The low was AED 198.83 on 30 March and the high was AED 229.44 on 4 January. The average was 1.6% higher than in 2020.The year’s high came on its first trading day, 4 January, and prices drifted lower from there. The yearly average rose just 1.6%, one of the smallest moves of the decade.
2020: The Pandemic Year
In 2020, 24K gold in the UAE averaged AED 208.94 per gram and 22K averaged AED 191.54 per gram at world market prices. The low was AED 174.07 on 19 March and the high was AED 244.08 on 6 August. The average was 27.1% higher than in 2019.Gold fell to its low of the year on 19 March, during the first market panic of the COVID 19 pandemic, then rallied hard. It closed above US$2,000 per ounce for the first time on 5 August 2020.
What Was the Gold Rate in Dubai 10 and 20 Years Ago?
Ten years ago, in 2016, 24K gold averaged AED 147.69 per gram and 22K averaged AED 135.38. Today’s world price is roughly 3.4 times higher.
Twenty years ago, in 2006, 24K averaged AED 71.29 per gram, so today’s price is about seven times the 2006 level. In 2000 the average was just AED 32.95 per gram.
What Is the Highest Gold Rate Ever Recorded?
The highest LBMA gold price on record is US$5,405.00 per ounce, set on 29 January 2026, which equals AED 638.19 per gram for 24K and AED 585.03 for 22K. Today's 24K price of AED 505.97 is 20.7% below that peak.The table shows when the world price first closed above each round number, and what that meant in dirhams for 24K gold.
| First close above | Date | 24K in AED per gram |
|---|---|---|
| US$1,000 per ounce | 14 March 2008 | AED 118.07 |
| US$1,500 per ounce | 20 April 2011 | AED 177.11 |
| US$2,000 per ounce | 5 August 2020 | AED 236.15 |
| US$2,500 per ounce | 20 August 2024 | AED 295.18 |
| US$3,000 per ounce | 18 March 2025 | AED 354.22 |
| US$4,000 per ounce | 8 October 2025 | AED 472.29 |
| US$5,000 per ounce | 26 January 2026 | AED 590.37 |
It took twelve years to go from US$1,000 to US$2,000, but only about five and a half years to go from US$2,000 to US$5,000.
Why Does Dubai Follow the World Gold Price So Closely?
The UAE dirham has been pegged to the US dollar at 3.6725 since 1997, so the dirham price of gold moves almost exactly with the dollar price. There is no currency effect to soften a rise or a fall, unlike in India or Pakistan.
Dubai jewellers then add a retail margin to set the daily board rate, which is why shop prices sit a little above the figures on this page. The gap is small, so the history above is a good guide to how retail prices moved too.
How Can You Use Gold Price History Before You Buy?
History shows the trend, but it cannot tell you tomorrow’s price. Use it to judge whether today’s rate is close to a recent high or low, not to time the market to the day.
If you buy gold every year for weddings or festivals, compare today’s price with last year’s average in the table. Buying in several smaller amounts through the year smooths out the swings.
Before any purchase, check the gold rate in Dubai today and ask the shop for its making charge per gram in writing.
Frequently Asked Questions
What was the average gold rate in Dubai in 2025?
In 2025, 24K gold averaged AED 405.17 per gram and 22K averaged AED 371.42 at world market prices. That was about 44% above the 2024 average.
When did gold reach its highest price ever?
The LBMA gold price reached its record of US$5,405 per ounce on 29 January 2026. That equals about AED 638 per gram for 24K.
How much was gold in Dubai in 2000?
In 2000, 24K gold averaged about AED 32.95 per gram at world prices. The same gram costs more than fifteen times as much today.
Where does this price history come from?
The yearly and monthly figures come from the LBMA gold price, the benchmark set in London every business day. We convert them at 3.6725 dirhams per US dollar and 31.1035 grams per troy ounce.
Does past gold price history predict future prices?
No. It shows how prices have moved, but gold can rise or fall sharply, as 2026 showed with a 26% drop from its record. Read our 2026 gold rate forecast for current views, and treat every forecast with care.
Checking the Gold Rate History in Dubai Again Later
Bookmark this gold rate history in Dubai: the tables refresh every week from new LBMA data, and the current year’s figures update as the months go by. Pair it with today’s live rate before you buy.
This page gives market information only and is not financial advice. Historical prices are world market values; retail prices include a dealer margin, making charges and VAT.
Sources: LBMA precious metal prices, World Gold Council jewellery demand 2025 and World Gold Council central bank research.