Explained
The UAE dirham is pegged to the US dollar (about 3.6725 AED per USD), so the Dubai gold rate moves almost one-to-one with the international spot price in USD. Retail prices published by the trade are spot × the dirham rate × purity, rounded per gram. Jewellers then add making charges and 5% VAT.
Today 24K is about AED 471.08 per gram.