Transparency
Data Sources
All data on DailyRates is sourced from official government bodies, regulated exchanges, and established market authorities. We do not use estimated or crowd-sourced figures. This page lists every source we rely on, categorised by rate type, so you can verify figures independently if needed.
Gold Rate Sources
Gold prices cover 24K, 22K, 21K, and 18K karats per gram in local currency.
Fuel Price Sources
Fuel prices are published by each country's national oil authority. GCC countries update on the 1st of each month; India's prices are revised daily at 6am IST by state-owned OMCs (IOCL, BPCL, HPCL) and tracked via PPAC.
Currency Exchange Sources
Exchange rates are drawn from official central bank publications for each covered country.
Fixed peg at 1 USD = 3.6725 AED. Set by the Central Bank of the UAE and unchanged since November 1997.
Fixed peg at 1 USD = 3.75 SAR. Maintained by the Saudi Central Bank (SAMA).
QAR, KWD, BHD, OMR
Updated daily from the official central banks of Qatar, Kuwait, Bahrain, and Oman respectively.
Daily rates sourced from the Reserve Bank of India (RBI) reference rate publications.
Exchange House Sources
Exchange house rates are sourced directly from each provider's official rate pages.
Live rates from the official Al Ansari Exchange Group rate page, the largest exchange house in the UAE.
Remittance and digital wallet rates from Lulu Exchange, with branches across UAE, Qatar, Bahrain, and Oman.
Money transfer and currency exchange rates from UAE Exchange, one of the widest exchange networks in the region.
Prayer Times Sources
Prayer times are sourced from official religious authorities and trusted calculation APIs.
UAE prayer times are sourced directly from the General Authority of Islamic Affairs and Endowments (AWQAF UAE), the same authority used by mosques across all seven emirates.
Saudi Arabia uses the Umm al-Qura astronomical calculation method from King Abdulaziz City for Science and Technology (KACST).
Prayer times for Qatar, Kuwait, Bahrain, and Oman are calculated using the AlAdhan API with country-appropriate calculation methods.
Zakat Calculator — Source & Methodology
The Zakat calculator uses daily live gold nisab and established Sunni jurisprudence standards.
Gold nisab standard
Nisab is set at 85 grams of pure (24K) gold at today's local market price, as adopted by the International Islamic Fiqh Academy (OIC).
Calculation method
2.5% is applied to net zakatable wealth comprising cash, gold, liquid investments, receivables, and business assets. Immediate liabilities due within the lunar year are deducted.
Data Accuracy Note
DailyRates strives for accuracy and timeliness, but published rates may occasionally differ from what a specific bank, jeweller, or dealer quotes — due to spreads, commissions, or timing. All information on this site is provided for informational purposes only. Always verify rates directly with your bank, gold dealer, or fuel station before making any financial decision.
Learn more about our mission and methodology on the About page.