Where To Buy Gold In Dubai and More...
Gold prices have gone up globally due to the situation in Russia and Ukraine. Dubai has been known to attract gold shoppers. Whether you are an expat or a visitor and tourist in Dubai, you shouldn’t miss shopping!
There are many shopping destinations here, from sprawling malls to traditional markets or souks — all of which offer the latest in fashion, electronics, sports, toys, food and beverage, entertainment, and of course… jewelry and accessories.
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We are sharing some tips to help you on your gold shopping in Dubai.
What is the Price of Gold in Dubai?
The first question on your mind is how much is gold in Dubai? Well, when you enter places such as the Gold Souk, for example, the price of gold per gram is displayed on huge billboards at the entrance. It also depends on the purity of the product, be it an 18-karat piece or a 24-karat gold bar.
On the other hand, you can also visit the official website of the Dubai Gold and Jewelry Group. This is a group comprised of more than 600 jewelry retailers, all of whom are committed to developing and sustaining the gold trade in Dubai. The website features the daily market rate for gold in Dubai, for everybody’s reference.
Places to Buy Gold in Dubai
Where can you buy gold in Dubai? Here’s a list of the best places where you can buy gold jewelry in the emirate:
1. Gold Souk
It goes without saying that the Gold Souk is the perfect place to buy gold in Dubai. It has been around since the 1940s and features more than 400 gold shops today. Located in Deira, the souk is usually open from 10 am to 10 pm.
2. Agatha
Agatha is a French brand that is famous for its classic jewelry pieces. Situated on the ground floor of Mall of the Emirates, it is typically open between 10 am and 10 pm from Sunday to Wednesday, and until 12 midnight from Thursday to Saturday.
Read More: Gold With Karak? For The LOVE of Tea!
3. Cartier
Also located at Mall of the Emirates is Cartier. This brand needs no introduction; it is a global name when it comes to high-end jewelry and accessories. Also known for its premium watches, Cartier is a top choice among the world’s top personalities!
4. Damas
When it comes to gold jewelry, Damas is among the top names in the Middle East, having served customers in the region for over 100 years! There are more than 300 Damas retail outlets in the Middle East, including several stores across Dubai. There’s a branch on the ground floor of The Dubai Mall, in case you’re looking for an outlet!
5. Damiani
Established in 1924 by Enrico Grassi Damiani, this Italian brand is known for creating intricate bracelets and other stunning pieces. Crafting accessories for both men and women, Damiani has several branches in Dubai, including one in The Dubai Mall.
6. Joyalukkas
Joyalukkas is a well-known jewelry brand in Dubai; it is owned by the Allukas Group. It has several branches across Dubai, including Bur Dubai. Featuring state-of-the-art jewelry pieces, Joyalukkas has 160 branches in 11 countries.
7. Malabar Gold and Diamonds
Malabar Gold and Diamonds has been ranked among the top 5 jewelry brands in the world! It offers earrings, necklaces, rings, bracelets, watches, and more. This leading brand has several branches across Dubai, including one near the airport.
8. Pure Gold Jewelers
As the name says, Pure Gold Jewelers features pure 22k gold, pure diamonds, and pure platinum, too! The Middle Eastern jewelry brand has more than 120 outlets across the UAE, so you can easily find a retail outlet pretty much anywhere!
9. Tiffany & Co
Another company that is known for classic and timeless pieces, Tiffany & Co features necklaces, pendants, earrings, rings, and much, much more. There’s a branch at The Dubai Mall, so be sure to check it out the next time you go there!
10. Gold and Diamond Park
As its name suggests, the Gold and Diamond Park is a huge mall dedicated to selling gold, diamonds, and other precious jewelry. Established in 2011, it contains almost 80 jewelry retailers under one roof! In addition, the “park” includes numerous specialty stores that can customize jewelry based on customers’ preferences.
Tips for Buying Gold in Dubai
Now that you know some of the best places where you can buy gold in Dubai, let’s talk about getting the best possible deals. If you’re a “beginner” buyer, there are certain things to keep in mind, such as gold karats, bargaining, and authentication certificates.
1. Educate Your Self and Know Your “karats.”
“Karat” is a unit used to measure gold purity. The higher the karat, the purer the gold, with 24 karats being the highest possible rank. Keep in mind, though, that 24-karat gold is too soft to be made into jewelry, so it is usually sold as bars or coins.
Meanwhile, if you’re planning to buy a necklace, bracelet, or ring band, you could go for a 22-karat piece. Similarly, if you’re looking to buy a diamond ring, then you could opt for 18-karat gold, which is more durable for creating stone-studded pieces.
2. Don't Forget to Bargain!
Even if the price of gold is typically fixed, you can still “haggle” when it comes to other charges, especially if you’re in a traditional market or souk. Don’t be shy to bargain… it is actually expected, even encouraged!
3. Ask For a Certificate.
Aside from getting a sales invoice and receipt, you can also ask for an authentication certificate. This certificate indicates the karats, weight of gold and other stones, and labor cost of your piece. With this certificate, you can be sure that the item is authentic, and you could also have it authenticated and valued in different parts of the world!