Updated November 28 2023, 08:00 Dubai Time
Latest Dubai Data (AED/gram)
Gold Rate in Dubai – Updated 28 November 2023
- 22kt Price 225.50
- 24kt Price 243.50
|Gold Price||Gold Price Today|
|22kt gold price in Dubai per gram||225.50|
|24kt gold price in Dubai per gram||243.50|
Gold Rate in Dubai, UAE
|Gold Price by Emirate||22 Carat Gold Today||24 Carat Gold Today|
|City||1 gram||10 gram||1 gram||10 gram|
|Ras al Khaymah||225.50||2,255.00||243.50||2,435.00|
|Umm Al Quwain||225.50||2,255.00||243.50||2,435.00|
Certainly, here are some interesting statistics and facts about the gold market in Dubai, UAE:
- Gold Jewelry Hub: Dubai is known as the “City of Gold” and is one of the world’s leading destinations for purchasing gold jewelry. The city’s historic Gold Souk and numerous modern malls are famous for their wide selection of gold jewelry.
- High Gold Consumption: The UAE has one of the highest per capita gold consumption rates globally. Gold is deeply ingrained in the culture and traditions, making it a popular choice for weddings, celebrations, and as an investment.
- Dubai Gold Souk: The Dubai Gold Souk is a historic market located in Deira, Dubai. It features over 300 retailers selling various forms of gold, from intricate jewelry pieces to gold bars and coins. It’s a must-visit for tourists and shoppers alike.
- Gold Prices in AED: The price of gold in Dubai, UAE, is typically denominated in United Arab Emirates Dirhams (AED) per gram. The gold rate can vary daily due to international market fluctuations, making it essential to stay updated.
- Diverse Gold Offerings: Dubai offers a wide range of gold products, including 18-karat, 21-karat, 22-karat, and 24-karat gold jewelry. The diversity in caratage allows buyers to choose based on their preferences and budget.
- Gold Investment: Dubai has become a significant hub for gold investment, with various institutions offering options such as gold bars and coins. The Dubai Gold and Commodities Exchange (DGCX) provides a platform for trading in gold futures and other commodities.
- No VAT on Gold: The UAE does not impose Value Added Tax (VAT) on the sale of gold, making it an attractive destination for international buyers.
- Gold Storage Facilities: Dubai boasts secure storage facilities for those interested in storing their physical gold investments, often referred to as safe deposit boxes or vaults.
- Dubai Good Delivery Standard: The Dubai Good Delivery (DGD) standard is widely recognized in the global precious metals market. It ensures the quality and authenticity of gold bars produced in Dubai.
- Gold as a Wedding Tradition: In many Emirati weddings, it’s customary for the bride to receive gold jewelry as part of her dowry, symbolizing wealth and prosperity.
1. What is the gold rate in Dubai, UAE, today?
- Answer: The gold rate in Dubai, UAE, fluctuates daily based on international market trends. To get the most accurate and up-to-date rate, please check our website or visit a local jewelry store.
2. How often is the gold rate updated on this website?
- Answer: We strive to update the gold rate on our website regularly, typically multiple times a day, to ensure you have access to the latest information.
3. Is the gold rate the same across all jewelry stores in Dubai?
- Answer: No, the gold rate may vary slightly from one store to another due to factors like making charges and other fees. It’s advisable to compare rates from different reputable stores before making a purchase.
4. Can I buy gold online in Dubai, UAE?
- Answer: Yes, many jewelry stores in Dubai offer online purchasing options. However, it’s essential to choose a reputable and well-established store for secure online transactions.
5. What is the difference between 24-karat and 22-karat gold?
- Answer: 24-karat gold is pure gold (99.9% gold content), while 22-karat gold contains 91.67% gold, with other metals like copper and silver mixed in. 22-karat gold is more durable for jewelry making but contains less pure gold than 24-karat gold.
6. Are there any taxes on gold purchases in Dubai, UAE?
- Answer: No, there is no Value Added Tax (VAT) on gold purchases in Dubai, making it an attractive destination for buying gold.
7. How can I invest in gold in Dubai?
- Answer: You can invest in gold in Dubai by purchasing physical gold (bars or coins) from reputable dealers or by trading gold futures on the Dubai Gold and Commodities Exchange (DGCX).
8. Can I store my gold in Dubai, and are there secure storage options?
- Answer: Yes, there are secure storage facilities and safe deposit boxes available in Dubai for storing your physical gold investments.
9. Is it safe to buy gold in Dubai?
- Answer: Dubai has a well-regulated and reputable gold market. As long as you purchase from established and licensed dealers, it is generally safe to buy gold in Dubai.
10. What is the historical trend of gold prices in Dubai?
- Answer: Gold prices in Dubai, like anywhere else, have experienced fluctuations over the years. You can check historical data to get insights into past trends.