Dubai gold guide: 5 things buyers should know before making a purchase
Known for its glittering souks and world-class malls, Dubai remains one of the most trusted destinations for purchasing gold. However, experts and long-time traders warn that buyers must stay informed even in this regulated market and ask the right questions before buying to avoid unnecessary costs or confusion.
Shoppers are also advised not to fall for prices that appear too low. Gold is tightly regulated in Dubai, and any offer far below the market price may raise red flags.
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Additionally, it is important to remember that while making charges can be negotiated, the gold rate is fixed and non-negotiable.
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Experts also warn against relying on verbal assurances. Written documentation is essential, especially for higher-value purchases.
Travellers should also check customs regulations in their home country. For example, Indian citizens have a strict limit on how much gold they can carry duty-free into India. Below are 5 crucial things buyers should know.
Current gold rate per gram
Ensure the pricing is based on the latest rate and not outdated or inflated figures. Most reputable stores display live gold prices that match your final bill.
Karat and hallmarked information
Gold jewellery in Dubai is available in various purities, commonly 18K, 22K, and 24K. Always ask to see the hallmark stamp, which confirms the purity and authenticity of the gold.
The making charges
Making charges vary widely depending on the complexity of the design. While the gold rate is non-negotiable, the charges often are. Buyers should ask upfront and compare prices across shops before finalizing a purchase.
With that, customers should check for hidden costs, including polishing fees, credit card surcharges, or delivery charges. Transparency is a hallmark of trustworthy jewellers.
Full receipt and certificate
A proper invoice must include key details: gold weight and karat, price per gram, making charges, VAT (if applicable), and the total amount. A certificate of authenticity is also recommended for investment-grade gold.
Return or exchange policy
Policies differ between retailers. Some shops offer buyback or exchange options within a limited time frame, while others do not. Clarity on this helps avoid disputes later.
Dubai attracts gold buyers worldwide due to its transparency, quality standards, and competitive pricing. However, buyers must be proactive and informed to make the most of the experience.
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