Whether you’re in Dubai as an expat or as a tourist, you definitely 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… jewellery and accessories.
Speaking of jewellery, we’ve shared some tips for buying diamonds in a previous post. In this article, we are going to focus on one of the most precious items that money can buy: gold. We’ll be discussing the places where you can buy gold in Dubai; we’ll also be giving some tips on how you can get a good deal when buying gold jewellery.
What is the Price of Gold in Dubai?
Let’s cut to the chase… you’re probably thinking, 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 an 24-karat gold bar.
On the other hand, you can also visit the official website of the Dubai Gold and Jewellery Group. This is a group comprised of more than 600 jewellery 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 jewellery 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.
For more details about the Gold Souk, please visit this website.
Agatha is a French brand that is famous for its classic jewellery 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.
For more information, visit the Facebook page of Agatha Middle East.
Also located at Mall of the Emirates is Cartier. This brands needs no introduction; it is a global name when it comes to high-end jewellery and accessories. Also known for its premium watches, Cartier is a top choice among the world’s top personalities!
Learn more about Cartier through its official website.
When it comes to gold jewellery, 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!
Check out the official website of Damas here.
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.
For more information, visit the official website of Damiani.
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 jewellery pieces, Joyalukkas has 160 branches in 11 countries. Impressive!
For more details about Joyalukkas, you can go to its official website.
7. Malabar Gold and Diamonds
Did you know? Malabar Gold and Diamonds has been ranked among the top 5 jewellery 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.
Learn more about Malabar Gold and Diamonds through its official website.
8. Pure Gold Jewellers
As the name says, Pure Gold Jewellers features pure 22k gold, pure diamonds, and pure platinum, too! The Middle Eastern jewellery 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!
For more information about Tiffany & Co, you can visit this website.
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 jewellery. Established in 2011, it contains almost 80 jewellery retailers under one roof! In addition, the “park” includes numerous specialty stores that can customize jewellery based on customers’ preferences.
For more details, visit the Gold and Diamond Park’s official website.
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. 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 actually too soft to be made into jewellery, 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. Be sure 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 labour 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!
Video: Buying Cheap Gold in Dubai
Check out this video about how to get the best deals when buying gold in Dubai. It is shared by Cebuanang Laagan YouTube channel, which features the vlogger’s lifestyle, travel, food, and adventures:
If you are looking for high quality gold pieces for a great price, then you will certainly find it here in Dubai. So go ahead and buy a piece for yourself and for your loved ones! In the meantime, if you are planning to buy some souvenirs, check out this list of the best souvenir gifts that you can bring home from Dubai.