Top 15 Places From Where to Buy Gold in Dubai (2022)

We all know that Dubai is a home of the world’s best gold traders. However, with so many options available it is very easy for the buyers to get confused. Dubai has very strict laws which make Dubai the home of purest gold available in the world so there is no chance that any gold shopkeeper can scam you. But still, to make things easy for the buyers we have made a list of best places from where to buy gold in Dubai.

Also Read: 21 Things to do in Dubai in Lowest Budget

Why People Buy Gold from Dubai?

Top 15 Places From Where to Buy Gold in Dubai (1)

Before going any further we first need to understand the reasons why Dubai is the most popular destination for the gold buyers and why people buy gold from Dubai. There are so many factors that make Dubai the “City of Gold”. You can also check out our buying gold in Dubai tips article to buy gold in Dubai cheap.

1. Gold Quality and Purity

The quality and the purity of gold and jewellery in Dubai is unmatched in the whole world. Due to strict laws gold available in shops are in the purest form and over the years it has developed trust among the buyers. Also, every gold or jewellery shop in Dubai is regulated by the Dubai Municipality and all shops must have gold purity hallmark on products. Dubai Municipality conducts inspection on a regular basis to make sure the purity of gold.

2. Gold Variety

Gold in Dubai is available in 18k, 22k and in 24k where (k) stands for Karats. Karats is typically a measurement of gold purity. 24k is the purest form of gold which gives the jewellery a remarkable shine and unmatchable quality. The gold shops in Dubai are full of high quality of gold jewellery with unique designs. Variety of jewellery designs available in Dubai is one of the main reason buyers buy gold in Dubai.

3. Gold Prices

You will be amazed once look for gold in Dubai prices. They are indeed, way too less in price compared to back in your own country. The main reason for gold available in Dubai at cheap prices is that there is no import duty on gold for raw materials. Due to this gold in Dubai rates are less compared to the whole world.

However, there is a 5% import duty if gold traders import jewellery instead of raw gold. Also, From April 2018 there is a 5% VAT applied on every purchase of the jewellery in Dubai, however, VAT can be fully reclaimed at the airport when you leave the country.

Despite all this gold in Dubai rates and prices are still cheaper than anywhere else in the world.

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4. Bargaining

Unlike most of the other countries in the world, You can do the bargaining on the purchase of jewellery in Dubai. If you are good in bargaining you can get discount even up to 50% depending on your bargaining skills. This happens because the jewellery prices include gold market rate plus the labour charges involved in the making of jewellery. As we all know that gold prices are fixed according to the international market rates so basically you are bargaining only on labour charges.

5. International Market Rates

To keep the uniformity in prices of gold in Dubai shops, gold prices change in Dubai just like stock markets. So it is highly advisable to keep track of gold prices on a regular basis if you are interested in buying jewellery. By keeping track of daily gold prices buyers can take advantage of lower prices easily.

Also Checkout: 25 Amazing Things in Dubai You Probably Don’t Know Yet

Best Places to Buy Gold in Dubai

Though Gold Souk is the best place to buy gold in Dubai still there are so many other places to buy gold in Dubai. So here we are with the list of best places to buy gold in Dubai and also we listed some best shops from where you can buy gold in Dubai.

1. Gold Souk Deira Dubai

Top 15 Places From Where to Buy Gold in Dubai (2)

Without any doubt, Gold Souk is the best place to buy gold in Dubai. Gold Souk is the largest gold market in the world and it is located in Deira, Dubai with more than 380 shops. The traditional Souk market was established in 1940 and since then it is the hub of gold and jewellery trading in the whole region

2. Meena Bazaar Bur Dubai

Top 15 Places From Where to Buy Gold in Dubai (3)

After the Gold Souk in Deira Dubai, Meena Bazaar is the 2nd most popular place to buy gold from. Meena Bazaar was established in 1970 and located in Bur Dubai, also known “Old Dubai”. 1982 some gold traders move to Meena Bazaar in search of cheap rental shops. Since then, Meena Bazaar has become the 2nd most popular places from where to buy gold in Dubai where most residents from sub-continent regions usually shop from. The Bazaar can also be named as the cheapest place to buy gold in Dubai.

3. Dubai Mall

Top 15 Places From Where to Buy Gold in Dubai (4)

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Dubai Mall is a home of more than 120 Jewelers and many of them are big and international brands. Gold Souk in Dubai Mall is mostly visited by the tourists, young buyers or western residents who are more comfortable with air-conditional conditions. Because of the nature of buyers shops in Dubai Mall usually stock expensive jewellery. You will not find any 22k in the gold shops in the mall, However, 18k jewellery can be found in smaller items which are usually popular among young buyers and tourists.

5. City Centre Deira

Top 15 Places From Where to Buy Gold in Dubai (5)

City Centre Deira is located in older Dubai and is only 15mins drive away from Dubai International Airport (DXB). The mall is the original flagship mall of Majid Al Futtaim group and is the almost same size as The Mall of Emirates. City Centre Deira is the home of some of the big jewellery brands like Al Masroor Jewellers, Pure Gold Jewellers, ARY Jewellers, Malabar Gold and Diamonds, Damas Jewellery and Frey Wille etc.

6. The Mall of Emirates

Top 15 Places From Where to Buy Gold in Dubai (6)

The Mall of Emirates is another big project of Majid Al Futtaim Group and located at Interchange 4 on Sheikh Zayed Road. The Forbes ranked The Mall of Emirates as one of the top five shopping malls in Dubai. There are many flagship jewelleries and watches shops in the mall like Damas Jewellers, Tiffany & Co and Al Futtaim Jewellery etc.

7. Mirdif City Center

Top 15 Places From Where to Buy Gold in Dubai (7)

City Centre Mirdif was established in 2010 and located at a residential area of Mirdif, Sheikh Zayed Road. The shopping mall has more than 24 jewellery and watches shop with some big brands. Jewellers like Damas Jewellery, Ahmed Seddiqi & Sons, Farah Jewellery and Frey Willie etc.

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Best Shops to Buy Gold in Dubai

Like the best places in Dubai to buy gold, we have also listed some best shop to buy gold in Dubai.

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8. Joyalukkas

Joyalukkas is the most popular jewellery brand in Dubai. The most popular jewellery brand is owned by group Alukkas and has their head offices in Thrissur, Kerala and in Dubai, UAE with 160 branches in 11 countries. Because of the quality and unique designs, they gain popularity over the years and now have become the biggest brand in the industry.

Joyalukkas has 15 outlets alone in Dubai. The brand had won the “Superbrands” award 7 times in a row from the Year 2010-2016 and in 2019 won the Best Indian Diamond Retailer of the year Award at the Retail Jeweller Middle East innovation Awards.

9. Damas Jewellery

With the history of more than 100 years, Damas Jewellery was established in 1907 in Dubai and is one of a few brands who have their own manufacturing units based in Dubai. Today Damas has become the largest brand in Dubai with more than 300 stores in the 7 Middle-East countries.

10. Pure Gold Jewellers

No list is completed without mentioning Pure Gold Jewellers. Famous Indian businessman Firoz Merchant established Pure Gold Jewellers in Dubai in 1989 and now they have more than 120 stores in different countries and have 200 stores alone in India. Pure Gold Jewellers are famous for their variety of products such as Pure Diamonds, Pure Platinum, Bridal, Pure 22k and Solitaire.

Pure Gold Jewellers won “Best Service Performance Brand” Award continuously for 5 years from 2007-2013 making it the only company to win the award for 5 times.

11. Malabar Gold & Diamonds

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Malabar Gold & Diamonds is another Indian brand based from Kerala and established in 1993. And now they have more than 250 outlets located in 10 countries. There are 23 outlets alone in the city of gold.

The company is currently ranked among the top 5 jewellery brands globally.

12. Liali Jewellers

Liali Jewellery is a local Dubai based jewellery brand with 23 outlets in UAE, Oman and Bahrain. The company established in 1999 and since then they have marked their name in the market very high. The exotic brand specializes in handcrafted jewellery, certified diamonds, 18k gold and stones. Because of their trendy and modern looking designs, they have become very popular among the residents of gulf countries.

13. Sky Jewellery

When you talk about luxury jewellery, Sky Jewellery stands out from their league. Sky Jewellery established themselves in the market three decades ago and started from Doha, Qatar. Now they have headquartered in Dubai and have become a big name in Middle-East countries and in India. Currently, they have 20 stores in 4 countries (UAE, QATAR, OMAN, INDIA).

14. Atlas Jewellery

Top 15 Places From Where to Buy Gold in Dubai (8)

Atlas Jewellery opened their first shop in 1981 in Kuwait and now they have 41 stores in Middle-East with headquarter in Dubai. The brand was founded by famous Indian jeweller, film producer and actor M. M. Ramachandran also known as Atlas Ramachandran. He established Atlas Jewellery in Souk Al Watya, Kuwait with only two kilos of gold. He is very well known for introducing new marketing trends that made him very famous among the local community.

Damiani

Damiani is a very well known Italian jewellery brand in the world and has three outlets in Dubai. The brand was established in 1924 by Enrico Grassi Damiani, in Valenza and since then because of their exotic designs and exclusive services has become a world-renown brand. Since 1974, the brand has won many awards.

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FAQs

What is the best way to buy gold in Dubai? ›

If you are looking to buy gold in Dubai, you can take your pick from the more popular gold stores in Dubai such as Damas and Joy Alukas that are present across the malls in the city, or head over to the Deira Gold Souk which is one of the oldest traditional souks in Dubai that has a row of jewellery shops lined up.

Which gold brand is best in Dubai? ›

When it comes to branded gold jewellery in Dubai, they present elegant pieces by Zenina, Veda, Pride and Eleganza, which are some of the world's best brands of gold in Dubai. They have branches across Deira near gold souk; Karama Centre, Al Barsha and Latifa Bint Hamdan St, to name a few.

Where does Dubai buy gold from? ›

Take this: Owing to the zero import duty tax on gold and TT bars and low tax on jewellery pieces, Dubai imports jewellery from all over the world. India, Singapore, Italy, Bahrain, Malaysia and off-late Turkey are key places from where Dubai imports gold and jewellery.

Is it cheaper to buy gold jewellery in Dubai? ›

The gold rate in Dubai depends on the international gold prices today. That is why gold is much cheaper in Dubai as compared to other countries.

Where is gold cheaper in Dubai? ›

The Dubai Gold Souk, or simply, Gold Souk is a traditional gold market in Dubai. In my opinion this is the best place to buy gold in Dubai. The gold from the Gold Souk is also lower in price compared to most other places. In fact, prices of Gold in the Souk are one of the lowest around the world!

Which country has cheapest gold? ›

Let us find out where the prices of gold remain cheapest when compared to India:
  • Dubai: The country has become one of the best places to purchase the precious metal. ...
  • Saudi Arabia: Prices of gold in Saudi Arabia are also not that high. ...
  • Hong Kong: You can also purchase gold at low prices in Hong Kong.
14 May 2022

Is Dubai gold Real? ›

That's where people climing to be from a wealthy country, often Dubai, claim they need cash and offer to sell their gold jewelry at a bargain price. They are almost certainly not from Dubai and the gold is fake.

Can I buy gold in Dubai Airport? ›

Buying Gold at Dubai Airport

Terminal 1 and 3 of the Dubai Airport are where you can buy gold, with Terminal 3 being the best choice. These shops are open 24/7 throughout the year so there is no issue of timing.

What karat gold is sold in Dubai? ›

Visitors often choose to buy the world's most precious metal in the city of gold. When browsing the stores, remember that Dubai jewellers commonly use 22-karat gold for chains, bangles and plain rings, while the more durable 18-karat gold is used for diamond rings and other stone-studded pieces.

Which country gold is best quality? ›

The Emirate of Dubai, UAE

According to financial marketplace Policybazaar.ae, the Emirate of Dubai (an independent city-state in the United Arab Emirates) is the best place in the world to buy pure gold—or the highest purity available on the market today, given what was mentioned above about gold in entirely pure form.

What is the best time to buy gold in Dubai? ›

So it is best to buy gold from the Dubai shopping festival to get unbelievable offers on gold i.e. between December to January. Also, you can purchase gold from Dubai Summer Surprises which happens between June to August every year.

Can I carry gold in international flight? ›

You can import gold bars and coins up to the limit of 1 Kg per passenger after you pay the customs duty. Any passenger of Indian origin or a passenger having valid passport can import gold as baggage. The visit from abroad can be made after six months but duration of staying in India should be more than 30 days.

Is gold tax-free in Dubai? ›

Gold is tax-free in Dubai and India levies taxes on sale of gold. – Surprisingly, making charges are also cheaper and the quality is also good.

Is Dubai gold better than India? ›

Keeping aside the minor price difference; the gold quality is known to be better in Dubai, plus you get wider variety in terms of the jewellery design. This is one of the main reasons why Indian tourists end up buying jewellery from Dubai.

How much gold can a tourist bring from Dubai? ›

The Indian government on April 1, 2016 stated that all male passengers coming back to India from Dubai or other places where they have been residing outside India can bring gold jewellery upto 20 grams but not costing more than 50,000 Indian rupees as a duty free allowance.

What is the best time to buy gold in 2022? ›

Auspicious days and dates to buy gold in the year of 2022:
  • Pushyami. ...
  • Makar Sankranti – 14th January 2022. ...
  • Ugadi or Gudi Padwa - 13th April 2022. ...
  • Akshaya Tritiya - 14th May 2022. ...
  • Navratri - 26 September 2022 - 5 October 2022. ...
  • Dussehra - 5 October 2022. ...
  • Diwali/Dhanteras - 26 and 2 October 2022. ...
  • Balipratipada - 5 November 2022.

How much is gold bar in Dubai? ›

Today's Gold Rate
24 KT(999) -AED 201.5197/g
22 KT(916) -AED 189.2619/g
18 KT(750) -AED 154.7639/g

What is todays gold rate in Dubai? ›

TODAY'S Suggested Retail Gold Jewellery Price – 14/12/21* All prices are per gm
Gold PurityRate in AED per gm
24KAED 216.2
22KAED 203.25
21KAED 194.00
18KAED 166.25
3 days ago

Which City has cheapest gold? ›

Gold prices in various southern cities are significantly lower than in the north and west.
...
Which City or State is the Cheapest for Buying Gold in India.
Gold Price in Major CityPrice (22 karat)
Gold Price in DelhiRs.49,200
Gold Price in MumbaiRs.49,500
Gold Price in BangaloreRs.47,730
Gold Price in ChennaiRs.48,420
4 more rows

Which country has highest gold price? ›

In the fourth quarter of 2019, India and China accounted for 57% of gold jewelry consumption globally. Jewelry demand from China accounts for more than a third of global demand.
...
Gold Jewelry Consumption Q4 2019.
RankCountryTonnes
1India136.6
2China132.1
3U.S.34.8
4UAE11.5
6 more rows

What is the finest gold in the world? ›

The Best: 24K Gold

24 Parts Gold — 100% Gold This is the highest karat, and most pure form of gold jewelry.

Why is Dubai gold so yellow? ›

However, the copper content in the alloy determines how yellow the metal appears. The concentration of these other metals in the alloy also plays a role in deciding the gold rate in Dubai.

Who sets gold price? ›

Monetary policy controlled by the Federal Reserve is perhaps one of the biggest influencers on live gold prices in the market.

How can I buy gold in UAE? ›

How to Buy Gold at the Dubai Gold Market
  1. Know the market price. Gold is like stocks, their price fluctuates on a daily basis. ...
  2. Know the types of Gold. Choose your Karat. ...
  3. Choose your jewellery. ...
  4. Learn to Haggle. ...
  5. Go around in different shops. ...
  6. Don't be too stingy.

How much jewelry can I bring on the airplane? ›

As much as most people note that there is no limit to how much jewelry you can carry in the airplane, it is important to be aware that the jewelry will set off metal detectors.

Which is the best gold to buy? ›

For us, the best type of gold to buy is physical gold bullion. The precious metal has been loved for centuries as a safe haven in which to grow and store wealth and physical bullion best reflects these qualities today. Holding gold as a physical commodity is in many ways fundamental to its appeal.

How PURE is Dubai gold? ›

It is known as 91.67% pure in the market. The mixture with alloys makes the texture of gold hard that leads to durable jewellery pieces.

How do you know if it's real gold? ›

How to Tell Real Gold from Fake - YouTube

What is the best time to buy gold in Dubai? ›

So it is best to buy gold from the Dubai shopping festival to get unbelievable offers on gold i.e. between December to January. Also, you can purchase gold from Dubai Summer Surprises which happens between June to August every year.

Is gold cheaper at Dubai airport? ›

Re: Is gold still cheaper at souq as at Dubai airport? Gold is cheaper at Gold Souk. It's all depends on the making changes that each maker charges per gram.

Is Dubai gold good quality? ›

According to financial marketplace Policybazaar.ae, the Emirate of Dubai (an independent city-state in the United Arab Emirates) is the best place in the world to buy pure gold—or the highest purity available on the market today, given what was mentioned above about gold in entirely pure form.

Is it good to buy gold in Dubai Airport? ›

Again, this option would also have a little less variety in designs and prices than the actual Souk market, but it is not a bad option. Terminal 1 and 3 of the Dubai Airport are where you can buy gold, with Terminal 3 being the best choice. These shops are open 24/7 throughout the year so there is no issue of timing.

Which day is good for buying gold? ›

Akshay Tritiya or Akha Teej is the most auspicious day for buying gold. It is a significant gold purchase Shubh muhurat in the year 2022, when you can acquire gold without consulting an astrologer or Panchang.

How much gold can a tourist bring from Dubai? ›

The Indian government on April 1, 2016 stated that all male passengers coming back to India from Dubai or other places where they have been residing outside India can bring gold jewellery upto 20 grams but not costing more than 50,000 Indian rupees as a duty free allowance.

What is the best gold to buy? ›

For us, the best type of gold to buy is physical gold bullion. The precious metal has been loved for centuries as a safe haven in which to grow and store wealth and physical bullion best reflects these qualities today. Holding gold as a physical commodity is in many ways fundamental to its appeal.

Is gold tax-free in Dubai? ›

The rate of VAT applicable to the purchase of gold and its products is 5% in Dubai that is the lowest in the world. Moreover, there is no import duty on the raw material of gold like gold bars and TT bars which makes it very convenient for various traders to bring in gold from different places in the UAE tax-free.

Why is Dubai gold so yellow? ›

However, the copper content in the alloy determines how yellow the metal appears. The concentration of these other metals in the alloy also plays a role in deciding the gold rate in Dubai.

How much gold can you travel with? ›

There is no duty on gold coins, medals or bullion but these items must be declared to a Customs and Border Protection (CBP) Officer. Please note a FINCEN 105 form must be completed at the time of entry for monetary instruments over $10,000. This includes currency, ie. gold coins, valued over $10,000.

Which country gold is best to buy? ›

Which Countries are the Best for Buying Pure Gold?
  • The Emirate of Dubai, UAE. Whenever you talk about Dubai, the thought of purchasing gold definitely comes in your head. ...
  • Hong Kong, China. ...
  • Cochin, India. ...
  • Bangkok, Thailand. ...
  • Zurich, Switzerland.

Which country has best gold in the world? ›

China is the number one producer of gold in the world. The USGS estimates that China mined 455 metric tons of gold in 2016. Since gold began to be mined in the 1970s, gold production in China has rapidly increased. China finally overtook South Africa in 2007 as the world's top gold producer.

What carat is Dubai gold? ›

Gold karats in Dubai are 24 karat, 22 karat, 18 karat, 14 karat, 10 karat. The price for gold karat is determined by grams and displayed in AED.

Is Dubai gold better than India? ›

Keeping aside the minor price difference; the gold quality is known to be better in Dubai, plus you get wider variety in terms of the jewellery design. This is one of the main reasons why Indian tourists end up buying jewellery from Dubai.

What is todays gold rate in Dubai? ›

TODAY'S Suggested Retail Gold Jewellery Price – 14/12/21* All prices are per gm
Gold PurityRate in AED per gm
24KAED 216.2
22KAED 203.25
21KAED 194.00
18KAED 166.25
3 days ago

How much is gold in Dubai today? ›

UAE Gold Rates (AED)
TypeMorningYesterday
OUNCE6,099.546,099.54
24 Carat201.25201.25
22 Carat189.00189.00
21 Carat180.25180.25
1 more row

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