Gold price / rate per gram in AED

Today, 14 Oct 2019, current price of 1 troy ounce(1489.6 USD) and USD rate (3.67 AED).

24 KPurity - 175.73AED
22 KPurity - 161.14AED
18 KPurity - 131.94AED
14KPurity - 102.92 AED
9KPurity - 65.97AED

For over a century, five companies ran the London Gold Market Fixing Company and set prices through a process conducted by telephone called the “London Gold Fix.” 1 On March 20, 2015, the ICE Benchmark Administration (IBA) took over and replaced the process with an electronic auction system called the LBMA Gold Price. 2 3 The LBMA owns the rights to the process. Several banks, an oversight committee, and a panel of internal and external chair members make up the IBA. Twice daily, at 10:30 AM and 3:00 PM UK Time, the IBA publishes the LBMA Gold Price in US dollars, which serves as a benchmark price for gold producers, investors, consumers, and central banks worldwide. The price of gold is adjusted in real-time based on financial evaluations of anonymous auction rounds run every 45 seconds. When all buy and sell orders and imbalances are within 20,000 troy ounces, the price is fixed.