Many people are very invested in following up the daily gold rate in Dubai for various reasons. That is mainly because the city is known as the “City of Gold”. And this naming comes after the city’s bustling gold market as well as its competitive prices. Therefore, this guide is dedicated to providing all the necessary information, including the gold rate in UAE and in Dubai, more specifically.
- Today’s Gold Rate in Dubai
- Why Buy Gold from Dubai?
- Understanding Carats
- Tips on Buying Gold
- Where to Buy Gold in Dubai?
Today’s Gold Rate in Dubai
If you are heading to Dubai’s Gold Souk today, then checking the gold price in Dubai today is a must as it will help you set a budget and make more decisions too. So, explore the daily updated prices for Gold in Dubai, including today’s 22k gold rate in UAE and more.
|Gold Carats||Price Per Gram|
|18 Carats||AED 174.50|
|21 Carats||AED 203.50|
|22 Carats||AED 210.25|
|24 Carats||AED 227.00|
Why Buy Gold from Dubai?
Gold is a significant part of Dubai and both the UAE’s economy and culture. The city’s reputation for a thriving gold market and favourable prices makes it the bustling gold market that it is nowadays.
Moreover, the gold price in Dubai also includes wonderful craftsmanship. The precious metal is shaped into fine jewellery by the hands of experts. Who also combines traditional culture with modern designs.
So, if you are interested in buying gold from Dubai. Then surely you are curious about Dubai’s gold rate today – which you will find in detail here.
Understanding Carats (K, Kt)
When buying gold, you must understand the concept of carats. So, if you are unsure what they mean or what is the difference between them. Then, here are some illustrating facts that will help you understand it all. First, carats are the measurement of gold’s fineness and purity. The higher the number of carats is, the more pure the gold is. For instance:
- 24 K – 100% pure gold. No other metals are mixed in.
- 22 K – 91.67% gold and 8.33% copper, silver or both.
- 21 K – 87.5% gold alloyed with other metals.
- 18 K – 75% gold and 25% other metals.
- 14 K – 58.33% gold mixed with 41.67% other metals.
- 10 K – 41.67% gold and 58.33% other metals.
Tips on Buying Gold in Dubai
When buying gold from Dubai, there are a few things to keep in mind. Below, you will find 6 important tips to keep in mind when buying gold in Dubai.
1. Set a budget
Setting a budget is always the number one step in making any purchase. Knowing the gold price in UAE will help you do so.
2. Choose a shop
Dubai has various gold shops and markets. And they are filled with traditional gold jewellery as well as modern and stylish designs. As they are all subject to gold prices in UAE today, too.
3. Check the gold’s purity
The higher the gold’s purity is, the more expensive it will be. However, high purity means higher quality pieces.
4. Negotiating prices
Most people are shy to bargain prices. But when it comes to buying gold from Dubai, this technique is quite common for shoppers to use. Especially in smaller gold shops.
5. Ask for certification
Overall, when buying expensive jewellery, you must ask for a certificate. As it will ensure the item’s purity and worth.
6. Be aware of all additional fees
Some gold shops have additional fees such as craftsmanship, adjustments, warranty, taxes and more. So, make sure you are aware of them before making your purchase.
Where to Buy Gold in Dubai?
As we mentioned before, Dubai is the City of Gold – so naturally, it has various stores which sell one of a kind gold jewellery. Such as:
- Malabar Gold
- Location: Salmiya Building, Al Rigga
- Working hours: 11:00 am – 11:30 pm
- Contact details: +971 4 255 6750
- Pure Gold Jewellers
- Location: Deira City Center
- Working hours: 10:00 am – 12:00 pm
- Contact details: +971 4 239 4385
- Liali Jewellery
- Location: Dubai Mall Gold Souk, Ground level
- Working hours: 10:00 am – 10:00 pm
- Contact details: +971 4 434 0461
In conclusion, knowing the gold rate in Dubai helps you make good decisions when buying it. Also, Dubai is the perfect place to buy gold as it provides vibrant and unique pieces of golden jewellery like no other place. In addition, make sure to check out more guides on Property Finder’s blog.