Track gold and silver in AED
Short answer: metal is priced in US dollars per troy ounce. To see it in the UAE dirham (AED), multiply by the exchange rate; to see it per gram, divide the ounce price by 31.1035. BullionKeeper does both for every holding.
How it works in the United Arab Emirates
Gold in the UAE is typically quoted per gram, and the dirham is pegged to the US dollar at 3.6725.
A worked example
Spot: 2,000 US dollars per troy ounce (round number)
Illustrative rate: 1 USD = 3.6725 AED
Price per ounce: 2,000 × 3.6725 = 7,345.00 AED
Price per gram: 7,345.00 ÷ 31.1035 = 236.15 AED
For other prices, use the price per gram calculator.
Why the exchange rate matters to your gain
If you pay in AED, your value moves with both the metal price and the exchange rate. A flat metal price can still change your AED value if the currency moves, so record what you paid in AED and track your gain in the same currency. See how exchange rates affect bullion purchases.
Questions
Does the peg make conversion simple?+
Yes. Because the dirham is fixed at 3.6725 to the US dollar, a dollar price per ounce converts at that fixed rate, then divide by 31.1035 for the price per gram.
Can BullionKeeper show my holdings in AED?+
Yes. Spot prices are available in more than 50 currencies including the UAE dirham, so your portfolio value, cost and gain can be shown in AED.
Are the example numbers real prices?+
No. They use a round price of 2,000 US dollars per ounce and an illustrative exchange rate, to show the arithmetic only.