GOLDUAE Gold Rate Today: 24K at AED 492.3/g — Steady After September's Slide
Updated 1 October 2026 · 6 min read
In this guide:
1. Today's UAE gold rates · 2. The September slide in one chart's worth of numbers · 3. India's rebound · 4. Worked jewellery example · 5. Buyer tips · 6. Verdict
1. Today's UAE gold rates (1 Oct 2026)
Gold is holding steady in the UAE after touching a 30-day low earlier this week:
| Purity | Per gram (AED) | Per tola (AED) | Today's move |
|---|
| 24K | 492.3 | 5,730.8 | steady |
| 22K | 450.91 | — | +0.51% |
| 21K | 429.66 | — | +0.34% |
| 18K | 369.28 | — | +0.61% |
Practical conversions: 10g of 24K = AED 4,923, 10g of 22K = AED 4,509, and 1 tola of 24K = AED 5,731.
2. The September slide in one chart's worth of numbers
The last 30 days have been a proper correction:
- 30-day high: AED 527.4/g on 3 September (24K)
- 30-day low: AED 487.15/g on 28 September (24K)
- 30-day average: AED 510.1/g — today's 492.3 is still below average
- Moving average: AED 493.4/g — price is sitting just under it
- Weekly change: roughly −2.2% to −2.5% across purities
That is about a 7.6% drop from the early-September peak to the 28 September low — the pullback that dip-buyers have been waiting for.
3. India's rebound
Indian retail rates bounced on 1 October, adding fuel to the stabilisation story:
- 22K: ₹13,820/g — up ₹45 from yesterday
- 24K: ₹14,511/g — up ₹47 from yesterday
- 10g of 22K: ₹1,38,200 — up ₹450 in a day
- The arc: 10g of 22K peaked near ₹1,42,950 on 22 September, slid to ₹1,37,750 by 29 September, and is now recovering
The September dip also widened the Dubai vs India gap back toward Dubai's favour — check our full Dubai-vs-India math before buying.
4. Worked jewellery example
Buying a 10g 22K gold necklace in Dubai today:
| Cost item | Amount |
|---|
| Gold value (10g × AED 450.91) | AED 4,509.11 |
| Making charges (say 12%, negotiated) | AED 541.09 |
| Subtotal | AED 5,050.20 |
| 5% VAT | AED 252.51 |
| Total at counter | AED 5,302.71 |
Tourists can claim the 5% VAT back at the airport — worth AED 252 on this piece. Residents cannot, so locals should negotiate making charges harder.
5. Buyer tips for this market
- Check the day rate first: Dubai's Gold & Jewellery Group publishes daily retail rates — never pay without knowing it.
- Negotiate making charges: 10–20% off the quoted making charge is normal in the Gold Souk.
- Buy on dips, not headlines: today's 492.3 is ~3.5% below the 30-day average — better than buying the 527 peak.
- Keep the invoice: you need it for VAT refunds (tourists) and for resale.
- What next is a possibility, not a promise: gold could drift back toward the 493.4 moving average and the 510 average if global cues firm up — or retest the 487 low if safe-haven demand cools. Buy for your own timeline, not a forecast.
Verdict: UAE gold is steady at 492.3 AED/g (24K) after September's ~7.6% peak-to-trough slide. With the price still below its 30-day average and Indian rates rebounding, patient buyers are in a better spot than early-September buyers — but negotiate making charges and never buy on borrowed money.
FAQs
What is the gold rate in Dubai today (1 Oct 2026)?
24K: AED 492.3/g, 22K: AED 450.91/g, 21K: AED 429.66/g, 18K: AED 369.28/g. One tola of 24K is AED 5,730.8.
Is gold cheaper now than in early September?
Yes — 24K is down about 6.7% from the 3 September peak of AED 527.4/g to today's AED 492.3/g.
Is there VAT on gold in Dubai?
Yes, 5% VAT applies. Tourists can claim it back at the airport; residents cannot.
Comparing purities? Use our gold calculator and live gold rate page.
