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Gold Souk Market in Dubai
The Gold Souk, Dubai is a market that is located in one of the busiest streets.
It is a traditional place that is located in Deira. The Gold Souk market is Dubai’s largest gold market. Here, you will not only find a trade of ornaments made up of gold but you will also find silver, diamonds, and platinum too. The finest craftsmen are located in this traditional market environment selling their up mark cuts and gemstones. There are numerous shops in this location that showcase a large variety of gold jewelry and offer great options to choose from.Either you want to just explore this exquisite market, or buy some gold jewelry, a visit to the Gold Souk is a must one during the excursion of Dubai. Housing a great collection of gold ornaments and gemstones, here you can find huge stacks of authentic and eye-popping items that fascinate people even more.
Dubai Gold Souk is not just a place for a family to select their favorite ornaments such as rings, necklaces, pendants, etc., but is also a place for couples as well. Couples who are going to get married come to this place to shop for their wedding. Since the place has more than thousands of pieces on display, people are served with a variety of options to choose from and decide on what to buy in Dubai Gold Souk market. Let’s take a look at a few tips and suggestions to help you know how to buy gold in this market.
Tips to Buy Gold at Gold Souk in Dubai
Before you visit the Dubai gold market, try to know the market price of gold first. As price of gold keeps fluctuating on a daily basis, it is quite prudent to know the real price beforehand.
Do some research to analyze how pure the gold is. As gold is sold by weight and the Karat. The higher the Karat, the softer and purer your gold is. However, if it is mixed with other metals like: silver, copper, and other, it gets harden accordingly.
Thus, always ask about the Karart and weight of the gold jewelry that you decide to purchase.
Try to bargain prices, as often sellers keep around 25% of buffer price so as to get profit of their desire even if you haggle before making the purchase.
Check the rate of gold posted outside each shop as the Dubai police keeps monitoring them on a regular basis.
It is recommended to explore as many shops as you can before making the final purchase. And, get to choose the best piece available at the best rate.
The market is decade old for all kinds of styles of jewelry ranging from classics, antiques, modern, and contemporary. So, visit this Dubai gold market, and enjoy the best jewelry shopping of your life as you get to view exquisite pieces made by the finest craftsman. Hurry up, visit this place, and take away something that you like for your beloved ones.
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FAQ's of Dubai
Read on to find out why our customers love us!
Yes, there are parking facilities at Gold Souk.
To get to the Gold Souk, you can get on a Dubai Metro train, and deboard at Al Ras Metro Station that is just a few kms away from the gold market.
Yes, purchasing gold in Dubai costs quite less than if you buy it in India, as Dubai is the place where most of the physical gold is managed in the world.
You can buy gold of any form, including jewelry, biscuits, or coins of maximum 1 kg of quantity from Dubai. In addition to that, if you have not completed 6 months of stay, another 36.5% of duty is applicable on it.
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