All You Need to Know About Gold Rate in Dubai

Dubai has always been a paradise for gold buyers as the gold rate in Dubai remains lower compared to other parts of the world. Nevertheless, gold rates are never stable. So, to keep one updated with the constantly changing rates of gold in Dubai, various reported dailies display today’s gold prices in Dubai. But before digging there, let’s know why is gold cheap in Dubai.

Why Cheap Gold Rate in Dubai?

Living up to its nickname, ‘The City of Gold,’ Dubai effortlessly offers opportunities for gold trading. Moreover, gold purchases and selling have always been popular among residents and visiting tourists, as the Gulf Tiger is well-known for its low gold rates. Some reasons are the zero-tax regime on gold bar imports, only a 5% GST, and a 3% tax on making gold jewellery. For example, a 1-gram 22-carat gold price in Dubai is 298.25 AED.

On the other hand, today’s gold rate in India is Rs ₹94,793.68 per tola. Moreover, gold prices in Dubai adhere to the global price of gold, thereby ensuring greater uniformity in the pricing of the precious yellow metal throughout the city.

Here are some of the reasons why the cost of gold is considerably cheaper in Dubai :

• • Dubai does not charge import duty on raw materials like TT and gold bars, so gold traders worldwide can import gold to Dubai tax-free. However, a 5% import duty charge applies to jewellery.
    
  • Some of the leading jewellery retail chains that have emerged from the UAE are global brands, such as Joyalukkas, Malabar gold, and diamonds. These stores offer live gold prices, which can be compared before buying.
    
  • The gold rates are set by the Department of Consumer Protection at the Dubai Economic Department. Therefore, the retail price ensures uniformity and transparency. The retailers also fixed the making charge per gram, which is lower than in other parts of the world. This makes it worth looking closely at the gold rate in Dubai for 10 grams and more.
    
  • Another fact for people purchasing gold from Dubai is the cheaper insurance cost for holding gold stock.

Last 10 Days Gold Price Trends in Dubai

As mentioned above, the gold rate in Dubai keeps fluctuating. The table shows the change in the gold price over the last 10 days.

Gold Rate in Dubai: Best Time and Tips for Buying Gold

Dubai has the largest amount of gold unearthed on the planet. Therefore, it is the best place to purchase pure gold. Visit Dubai during the Dubai shopping festival in December and January or during the Dubai summer surprises from June to August. You can find the lowest 24-carat gold price in Dubai. Dubai’s gold consumers get the best offers and great deals on Saturdays and Sundays. However, no gold is traded on international exchanges during the weekends. On Monday, trading starts after 2 am.

Gold Rate Comparison in Dubai

Now, let us compare the one-ounce gold rate in Dubai versus the gold rate in India till January 2025.

If we consider 10 gm of 24K gold price in Dubai, it will be 329.81 AED with an Indian value of 77,101.20 INR. Meanwhile, today, the value of 10 grams of 24K gold in India is 76,670 INR (Delhi). Therefore, the price difference is approximately 431.20 INR. The difference in gold rate in Dubai is not limited to India but to the rest of the subcontinent. So, if you are a gold lover and want to explore its huge market, consider checking gold prices in Dubai today.

Why Should You Buy Gold in Dubai?

As mentioned above, Dubai offers various options for buying or selling gold. Moreover, reliable good jewellery shops can be found at every nook and cranny of Dubai’s local streets, where you can compare gold prices.

However, remember that gold prices in Dubai keep fluctuating. The price of 1 gram of gold today in Dubai may not be the same as yesterday, as these rates change based on the international gold market. Nevertheless, buying gold in Dubai is always preferred due to its tax-free gold advantages and competitive pricing. Here are the reasons:

• Pure and Quality Gold in Dubai

The government regulates gold sold in Dubai at retail counters. This ensures the purity and quality of gold jewellery items. Also, the gold purity is checked in terms of Hallmark certification ensuring that buyers receive genuine and high-quality products.

• Gold is Cheaper in Dubai

Gold in Dubai is exempt from tax. However, buyers must pay the value of the gold jewellery and the making charges. A minimum of 5% VAT is charged on these items, which are considerably cheaper than in other countries. No other taxes, such as goods and service tax, excise duty, etc., are applied to gold purchases in Dubai.

• Variety of Gold Designs in Dubai

Gold stores in Dubai offer an amazing range of jewellery collections with unique and attractive designs in both traditional and contemporary styles.

• Uniform Gold Price and Transparency

The gold price in Dubai follows international market rates, so it remains uniform across any gold store in the city. Moreover, gold prices in Dubai are transparent and displayed outside the gold counters. Since gold prices are not steady, it is advisable to have proper knowledge about today’s gold rate in Dubai.

• Wide Range of Gold Buying Options in Dubai

Dubai has hundreds of retail counters and popular gold stores, which provide more opportunities for gold lovers to find awesome collections of gold jewelry, gold rings, necklaces, or bracelets.

• Bargaining for Better Deals

While gold prices remain uniform across Dubai, consumers can still negotiate on the making charges. Many stores offer discounts on the making charges, so bargaining can help buyers save more on their purchases. This flexibility is one of the reasons why Dubai gold buyers enjoy shopping here.

• Basic Security Check for Gold Purchases

Gold is a precious metal that lasts a lifetime. Therefore, it is necessary to check for a warranty when purchasing gold jewellery. Be sure to ask the seller about the warranty services before making a purchase. Certain Dubai jewellers in the market offer free repair services for a year on the jewellery you are purchasing.

How to Buy Gold in Dubai?

Before purchasing gold in Dubai, make sure that you carefully look out for two things: the Hallmark and KTD standards. Like every country, Dubai also has its official Assaying and Hallmarking Centres. These centers thoroughly test the quality and purity of gold and gold jewellery, certifying its standards. Moreover, any gold ornament with a Hallmark certificate is guaranteed pure gold. This certification further ensures that the seller is not cheating the consumers. Additionally, old gold jewellery with a Hallmark certificate is easy to sell in the Dubai gold market and is trusted by Gold buyers.  Also, when purchasing gold ornaments, ensure the jeweller has a Bareeq certificate.

What does a Hallmark Certificate Contain

This certification verifies the jeweler’s mark, fineness number, assaying, and hallmarking mark, and the year of certification, as determined by the quality control authority. In Dubai, the Dubai Central Laboratories Department ensures the purity of gold jewellery through Bareeq Certification before it is sold in the market. With this certification, you can be confident in the authenticity and quality of your gold purchase.

Gold in Dubai: Buying Tips

Here are some tips for you to keep in mind while you are purchasing in the City of Gold.

• Keep Track of the Market Price

Gold prices fluctuate daily, so staying updated on the current gold rate in Dubai is crucial. You can check the 24k gold price in Dubai online, through local newspapers, or by looking at the displays in gold shops throughout the city. These displays show the daily gold price in Dubai, giving you the confidence to negotiate better deals on the making charges.

• Know the Different Types of Gold: 

Gold is categorized by carat and weight. However, gold is soft, so gold makers harden it with silver, copper, zinc, and nickel. Moreover, the higher the carat, the purer the gold. For instance, if you’re purchasing 24K gold, this means the gold is 100% pure. Additionally, gold appears in different colours depending on the type of alloy used and its percentage mixed with pure gold.

• Choose the Right Jewellery: 

Different kinds of gold ornaments measure differently. It is all about carat and weight. Once you decide on something, such as a bracelet, ring, or necklace, the seller will help you weigh each piece and estimate your price. Each ornament weighs differently and has a different price tag. You can choose according to your affordability.

• Master in Haggling: 

Remember, gold rates in Dubai are posted outside each gold shop. In Dubai, the gold rates are uniform and transparent. Therefore, you cannot haggle with the owner to reduce the price of gold, but you can ask for a discount on the making charges. The making charge of the jewellery is highly rated for the customers to haggle. If you are not good at bargaining, you may pay more while purchasing jewellery. Also, you can compare gold prices from different stores and buy.

• Shop Around to Compare Gold Prices

While purchasing gold, you can go around different shops to check the prices of the same piece of Gold jewellery. There are hundreds of retailers out in the market, and each one offers a different price tag depending on the jewellery’s taking charge. The better your bargaining skill, the greater the discount you can negotiate with the shop owner. You can also search on different sites for today’s gold rate in Dubai.

Gold Rate in Dubai Live today | Yesterday

Dubai maintains a uniform gold rate, which means the rate of gold remains the same for every shop in the market. Some shops keep the price higher for the customers, so they can negotiate the price while purchasing. For this, a consumer needs to check the on-spot pricing courtesy of the Joyalukkas gold rate in Dubai.

In the table below, the live gold price in the UAE is tabulated. Gold here is measured in terms of Grams, Ounce, Kilogram, and Tola, and are priced according to carat.

• Current Gold Prices in Dubai

• Gold Rate In Dubai Per Gram

  Gold Type	Price per Gram (AED)
  24K	323.50
  22K	299.75
  21K	290.00
  18K	248.75
  14K	188.71

• RATE FOR GOLD IN DUBAI PER KG

  Gold Type	Price per Kilogram (AED)
  24K	326,594.50
  22K	299,460.03
  18K	245,191.07
  14K	191,249.03

• Gold Rate per Tola

If you are going to purchase pure gold from Dubai, check today gold rate in UAE from some trusted sources.

UAE Exchange Rate Today 

The exchange rate refers to the value of a currency of one country in comparison with another country or a different economic zone. These rates are free-floating and depend on the market’s demand and supply chain. It also states how a nation or a country manages its currency value in the Foreign Exchange market. Below you will find the UAE exchange rate today in Dubai has been tabulated concerning the top 25 currencies of the world, for better understanding.

Other Commodities Price in Dubai

The rate of silver in Dubai is also impressive. 10 grams of silver price in Dubai is AED 35.60. Here are the prices of some other commodities in Dubai –

In a Nutshell

Dubai is a paradise for gold lovers, offering high-quality gold at affordable rates. Hence, knowing the gold rate in Dubai is essential to grab the best deal. Apart from offering a wide range of high-quality shopping malls, impressive retail stores, and services, Dubai is also a hub for unique gold designs. By exploring a bit on today’s gold rate in Dubai, you can purchase quality gold and save a huge chunk in your pocket.

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