Gold rate today in Dubai

Dubai is one of the world's best-known gold trading cities, often called the City of Gold. The raw gold price in Dubai follows the global spot price, and the UAE dirham is pegged to the US dollar at about 3.6725, so local prices move with the international ounce price. The real difference between shops is in making charges, designs and promotions.

Where to buy gold in Dubai

• Dubai Gold Souk, Deira: the oldest and most famous gold market in the UAE, in the Al Ras area of Deira. The nearest metro stations are Gold Souq and Al Ras. Read our Gold Souk guide.
• Dubai Gold Souk Extension: at Hind Plaza on Al Khor Street, Deira, across from the original souk, with about 295 shops, open daily from 10am to 10pm.
• Gold & Diamond Park: a jewellery complex on Sheikh Zayed Road, convenient if you live in southern Dubai.
• Major shopping malls: branches of regional and international jewellery brands.

Tips before you buy

• Ask for the making charge separately from the gram rate. Many shops will negotiate it.
• Tourists can claim back VAT when buying from retailers registered with the UAE Tax Refund for Tourists scheme.
• Keep the tax invoice. You need it for the VAT refund and for customs back home.

FAQ

Why is the shop price different from the rate shown here?

The rate shown is the raw gold price, calculated from the global ounce price and the dirham. Shops add a making charge, and jewellery carries 5% VAT.

Is gold cheaper in Dubai?

The raw gold price in the UAE is very close to the global price, strong competition keeps making charges reasonable, and tourists can claim back VAT from registered retailers.

Does the gold rate differ between Dubai, Abu Dhabi and Sharjah?

The raw gold rate is almost the same across the UAE. The difference is in making charges and promotions between shops.

Useful articles

• How Gold Jewellery Is Priced in Dubai: Daily Rate, Making Charges and VAT
• VAT Refund on Gold for Tourists in the UAE
• 10 Tips for Buying Gold in Dubai