Where Can I Sell Gold In Dubai? (Solution)

Mint Jewels is leading retail jewelry store in Dubai. One of the top precious metal dealer for selling gold, buy gold bars and gold coins. Mint Jewels also has good collection of silver jewellery and gold plated Jewellery. Mint Jewels, Dubai is the best destination for sell gold in Dubai for cash.

How do I sell my gold in Dubai?

Where to sell gold in Dubai

Deira Gold Souk – Old Dubai. Location: Al Ras, Dubai.
Al Fahidi Souk. Location: Meena Bazaar – Bur Dubai, Dubai.
Deira Gold Souk – Old Dubai. Location: Al Ras, Dubai.
The Gold and Diamond Park. Location: Al Quoz 3, Dubai.
The Gold Souk at Dubai Mall.
Damiani.
Damas Jewelry.
Joyalukkas.

Is it easy to sell gold in Dubai?

You can easily sell gold in Dubai. Just bring your items to our stores and have them examined by our professional experts. If the gold bears the 916 mark of purity, then you will get the current price of gold as per the weight of your item.

Can I sell gold anywhere?

Where to sell physical gold in India? You can sell physical gold (gold bars, coins, and jewellery) to a jewellery store or an accredited gold re-seller/re-cycler, retail websites or cashforgold shops. Always do thorough research related to gold trends and gold’s value before selling gold in India.

How much will I get for selling my gold?

How much do you get for selling gold? Gold has set record prices in the past year at more than $2,000 per ounce, and at the current scrap gold rates, a typical wedding band will bring you between $100 and $300, depending on the weight and karat.

How can I trade gold in UAE?

How to Get Your Gold Trading License in UAE?

Decide Your Company Name. Deciding a catchy name for your company is an important step when establishing a Gold business in Dubai.
Apply for Your License. The license application is the second most important step to acquire your Gold trading license in UAE.
Apply for Visa.

How do you get cash for gold?

Call a local jewelry store or check with an online source, such as www.goldprice.org, to verify the current market price for gold before you sell. Some dealers know people are just looking for quick cash to put in their pockets and will offer you money for your gold that is lower than the actual value.

How much is gold selling for per gram?

Pure gold is currently paying about $1250 per ounce. By going through the math, this means that 10 karat gold will “scrap” at about $16.35 per gram.

Can a tourist sell gold in Dubai?

Yes, tourists can buy gold in Dubai. With entire souks dedicated to the gold trade, tourists will easily be able to find a place to purchase gold.

Can I sell gold bars in Dubai?

You can sell your gold in Gold Souk which is located in Deira and also in Bur Dubai. You should take with you the receipt of the gold which you own to be served as proof that its owned by you.

Is Dubai a cheap place to buy gold?

If you want authentic and certified gold, Dubai is the place for you. Apart from that, the gold prices in Dubai are very low, mostly owing to the fact that Dubai is a duty-free zone.

Is gold easy to sell?

Gold bullion is the most popular type of gold to hold as an investment or store of value, as it’s generally easy to sell, and maintains its value well. Gold prices reached record highs in 2020, making it a great time to get a good sum for your holdings.

Where can I sell gold for the highest price?

Here are the best places to sell gold for the most money:

Cash for Gold USA. Cash for Gold USA is one of the oldest internet-based buyers of gold in the United States.
APMEX.
Liberty Gold and Silver.
Express Gold Cash.
Luriya.
SellYourGold.com.
Pawn Shops.
Local Precious Metals Dealers.

Do banks accept gold?

Can I sell gold to a bank? Many consumers consider selling gold to a bank. The bad news is that most banks do NOT accept gold due to missing evaluation possibilities. During the last 10 years many counterfeit coins and bars appeared because the gold price raised so rapidly.

Sell Gold In Dubai – Kuber Jewellery

With over 30 years of combined expertise, we at Kuber Jewellery are able to provide the finest cash for gold pricing and service in the market. Our customer service is second to none. Whichever type of gold you no longer want, we will pay you the most money for it and transfer the money to your account immediately. That is a promise from us!

We are interested in purchasing gold, silver, and platinum jewelry and bars. Any color of gold, including Saudi, Indian, and Arabic
Any shape of gold
9K, 14K, 18K, 21K, 22K, 24K
9K, 14K, 18K
Coins, medals, jewelry, and other objects, whether new or damaged
It is assured that you will receive immediate CASH for gold. The highest possible prices for your gold
The newest XRF technology is used to do on-the-spot testing. Service for melting and assaying is offered

Gold Calculator

Please input the following information to receive an up-to-date appraisal of your precious metals. Thank you for your cooperation. 0.00 (AED) is the total value of your order.

Silver Calculator

In order to receive an up-to-date appraisal of your precious metals, please provide the following information: 0.00 AED is the total amount you have earned.

Platinum Calculator

Please input the following information to receive an up-to-date appraisal of your precious metals. Thank you for your cooperation. Your TotalValue is equal to (in AED): 0.00 T: +971 4 228 5501 Kuber Jewellery LLC is located on the third floor of the Gold Corner Building in the Gold Souk in Deira, Dubai, UAE.

Sell Gold for Cash in Dubai

In order to receive an up-to-date appraisal of your precious metals, please provide the following information: In AED, the following is your TotalValue: 0.00 T: +971 4 228 5501 Kuber Jewellery LLC is located on the third floor of the Gold Corner Building in Deira, Dubai, UAE.

With our cash-for-gold program in Dubai, we acquire old and scrap metal for cash, as well as gold jewelry and gold bars
We carry 24 carat gold-plated jewelry as well as sterling silver jewelry. Gold bullion, gold bars, and gold coins are available for purchase at a discounted rate. Diamond and precious stone jewelry made to order
A premium assortment of antique jewelry appropriate for dazzling in formal and informal settings
And a wide range of other services.

Our premium gold plated jewellery line is a one-of-a-kind idea developed by a group of jewellery specialists with the goal of providing an affordable alternative to traditional gold jewelry. We have a huge assortment of patterns in traditional and modern fashion, and we are well-known for delivering a varied range that is popular among people of many ethnic backgrounds, including Indian, Arabic, African, and European people. We give a one-year warranty on all of our items. Each member of our team has extensive experience in the examination of precious metals and valuable stones.

We believe in fair pricing and fair fare dealing, and we do what we preach.

Mint Jewels assures that we will pay you the highest possible price for your gold when you sell it to us.

Sell Gold Dubai

Are you looking to sell gold in Dubai but aren’t sure where to begin? Finding it tough to choose the best site to sell gold in Dubai for cash? We can help. Don’t be concerned any longer. We are here to assist you. You have arrived at the correct location, as we are well recognized as the top gold buyers in Dubai, providing the best selling gold rates for your items. As a result, there is no longer any consideration for where to sell gold in Dubai or how to identify the finest place to sell gold near me.

Continue reading to learn more about why we are the finest location to sell gold.

When you sell gold to us, you are putting your faith in our abilities.

Scroll down to learn more about our gold selling procedure in detail and to make a choice on which option would be the most beneficial for you.

We value our consumers and, as a result, we provide a transparent, easy, and dependable gold selling service in Dubai to them. The current gold rate in Dubai is provided in the table below. According to Dubai and the United Arab Emirates, the price of gold per gram is as follows:

Sell Gold In Dubai

An established organization that provides a standardized rating for the gold you hold, as well as the ability to sell gold Among these companies is Dubai, which has 25 years of experience in the precious metals market. Having a transparent and ethical online platform for selling gold in the United Arab Emirates that ensures a low overhead value and a high scrape per gram of gold is important. When looking to sell or buy gold, it is recommended that you have a reasonable approximation of the price range of gold.

The price varies depending on the firm and the demand in the market.

When you are in need of immediate cash and want to swap outdated jewelry, you may come to us and receive a reasonable price for your jewelry.

You Want to Sell your Gold,Diamond,Platinum and Silver into cash?

When you sell gold, you should choose an established organization that provides a standardized rating for your gold. Among these companies is Dubai, which has over 25 years of experience in the precious metals market. A transparent and ethical online marketplace for selling gold in the United Arab Emirates that ensures the lowest possible overhead and the highest possible profit per gram of gold. When looking to sell or purchase gold, it is recommended that you have a reasonable approximation of the price range.

Depending on the firm and market need, prices might fluctuate.

When you are in need of immediate cash and you want to swap outdated jewelry, you may come to us and receive a reasonable price for your jewelry.

Latest News

Sell Gold in Dubai provides you with a safe cash on delivery payment solution for every purchase placed with them.

RETURNEXCHANGE

To return or exchange a purchase, simply bring it to any of our locations in the UAE together with the original invoice.

FREE DELIVERY

We provide free shipping.

around 2 kilometers from Gold Souq in Dubai, United Arab Emirates

A full guide on how to exchange your gold jewellery in UAE

Shipping is completely free. Approximately 2 kilometers away from the Gold Souq in Dubai, United Arab Emirates

How to sell gold in Dubai

We provide shipping at no additional cost. approximately 2 kilometers from the Gold Souq in Dubai, United Arab Emirates

Understand the type of gold you own

Image courtesy of Pixabay You can determine the genuineness of the gold you own by looking for the fineness mark on the item of jewelry that you own. Because the engraving of the mark might be really little, ask the jeweller to provide you with a magnifying lens so that you can check for the mark.

The hallmarking

Gold pieces are marked with various fineness marks, which vary depending on the caratage of the gold. For example, 22 carat is marked with the number 916, 21 carat with the number 875, 18 carat with the number 750, 16 carat with the number 666, 14 carat with the number 583, and 12 carat with the number 500. In addition, fineness markings are seen on silver and platinum jewelry pieces. It is the weight, the place of origin, and the purity of your gold that will determine the worth of your gold.

The price of gold reached a six-year high in 2019.

Documents you need for selling

According to the caratage of gold, different fineness marks are applied to gold pieces. Examples of carat values are 916 for 22 carat, 875 for 21 carat, 750 for 18, 666 for 16, 583 for 14, and 500 for 12 carat. Similarly, diamond weights are denoted by the number of carats in the diamond weight category. In addition, fineness markings are stamped on silver and platinum jewelry pieces. It is the weight, the place of origin, and the purity of your gold that will determine the worth of your jewelry.

A six-year high in the price of gold was reached this year.

Selling gold at market price

In order to sell your old gold, keep a watch on the market prices to see how they fluctuate. If you are one of the many people who purchased jewelry pieces in the 1980s and 1990s and wish to upgrade your jewelry to more contemporary designs, you may do so – but be prepared to sell your things when the gold purchasing price is at an all-time low. The Deira Gold Souk in Dubai is bustling with shoppers. The revelation that the International Monetary Fund had sold 200 tonnes of gold to the Reserve Bank of India was the catalyst for the most recent increase in gold prices.

Where to sell gold in Dubai

If you’re considering selling your old gold, keep an eye out for changes in the market’s value. It is possible to upgrade your jewelry to more current designs if you were one of the many people who purchased jewelry pieces in the 1980s and 1990s. However, you will need to be prepared to sell your things when the gold purchasing price is high. The Deira Gold Souk in Dubai is a popular shopping destination for gold enthusiasts.

The revelation that the International Monetary Fund had sold 200 tonnes of gold to the Reserve Bank of India was the catalyst for the most recent spike in the metal’s prices. Ahmed Ramzan/Gulf News is credited with the photo.

Deira Gold Souk – Old Dubai

Al Ras is a neighborhood in Dubai. The Gold Souk in Dubai is a place where you can never go wrong. The vast majority of shops will buy worn gold, and there are hundreds of them. Simply keep an eye out for establishments that have signs in their windows advertising that they are purchasing gold.

Al Fahidi Souk

Location: Meena Bazaar – Bur Dubai, United Arab Emirates In the retail sector, visitors may get a flavor of classic Dubai by walking through a buzzing and busy marketplace filled with sellers selling things from South Asia. It is possible to sell used gold here; nevertheless, it should be noted that this is a stop for consumers with strong negotiating abilities and those who are cautious with their purchasing. Maryam, a Dubai Gold inspector, slips a piece of jewelry inside a bubble wrap packet to be inspected.

Understand the gold you are buying

The price of gold is determined by the carat and weight of the metal. The term “karat” (k) refers to the purity or fineness of gold, and it is a unit of measurement. The higher the number, the purer the gold, as it is combined with fewer other metals than the lower number. 24 karats or a fineness of 1000 means that the gold is 100 percent pure. 22 karats or fineness of 0.9166: 91.5 percent pure gold, combined with other metals; 22 karats or fineness of 0.9166 (such as copper) 75 percent pure gold in 18 karats or fineness 0.750: this is the fineness of 0.750.

For example, 22 carat is marked with the number 916, 21 carat with the number 875, 18 carat with the number 750, 16 carat with the number 666, 14 carat with the number 583, and 12 carat with the number 500.

Image courtesy of Clint Egbert of Gulf News.

Gold also has a variety of colors according on the proportion of alloys that are present.

Pick your jewellery

The carat and weight of the item, as well as its price, will vary depending on the kind of accessory – earrings, necklace, ring, bracelet, for example. The seller at the jewelry store will weigh the items of jewelry you choose in order to establish the price.

Negotiate

Jewelry accessories are available in a variety of karats and weights, and the price varies according to the kind of accessory – earrings, necklace, ring, bracelet, etc. Your chosen jewelry pieces will be weighed by the shop vendor so that they can calculate the price. –

Ask for authentication

Once you’ve agreed on a price, don’t forget to include the following in your purchase order: Your invoice has been received. The gold was authenticated with a certificate of authenticity. When asked, the suppliers must provide authentication certificates, which must be signed by them. The certificate specifies the karats of gold used, the weight of the gold and the finished jewelry piece, the weight of the additional stones used in the jewelry, and the expenditures associated with the item’s creation and delivery.

You will be able to have your item validated and valued on a global scale if you have this documentation. Image courtesy of Pixabay

Where you can buy gold

Following your agreement on the price, don’t forget to include the following in your purchase: We’ve received your bill. This is the gold’s authenticity certificate. In order to conduct business with the suppliers, they must provide authentication certificates on demand. The gold karats, the weight of the gold and the final jewelry piece, the weight of the additional stones in the jewelry, and the costs associated with the item’s creation are all included on the certificate. You will be able to get your work verified and appraised on a global scale if you have this document on hand.

Deira Gold Souk – Old Dubai

Deira Gold Souk Image Credit: GNThe Deira Gold Souk in Dubai is one of the oldest and most traditional souks in the city. It is located in Al Ras, Dubai. Hundreds of gold and jewellery stores line the streets of the shopping district. Customers may choose from a diverse selection of items while taking in the classic Dubai ambience. Because it is a popular destination, there are several tour buses that pass through, as well as public transportation choices in the surrounding area.

The Gold and Diamond Park

Al Quoz 3, Dubai is the location. Every day, a winner will be chosen by the Dubai Gold and Jewellery Group who will get a half-kilogram of gold. During the final day of DSF, three kg of gold are available for purchase. Customers who spend Dh1,000 or more on gold purchases at any of the participating establishments in the city will be given vouchers to enter the draw. Additionally, a scratch-and-win promotion gives buyers the opportunity to win gold and diamonds valued up to Dh2 million. Image courtesy of the GN archives It is an indoor air-conditioned mall dedicated to gold and diamonds, as well as precious stones, and it is located in the Gold and Diamond Park.

And if you’re searching for something a little more unique and custom-made, there are expert craftsmen who can create exactly what you’re looking for.

The Gold Souk at Dubai Mall

Dubai Mall is the location for this event. The Gold Souk asks for a more contemporary, inside shopping experience with a historic, Arabesque ambiance, as opposed to the conventional outdoor shopping experience. The shopping attraction, which is housed within the city’s largest mall, is a popular location for those looking to purchase gold, jewelry, precious stones, fragrances, and high-end apparel.

Damiani

Dubai Mall is the location for this event. Gold prices in Dubai are set in accordance with international standards, and as a result, there is consistency in pricing throughout jewellery outlets in the city. All of the jewelry stores in the city are closed.

Anjana Kumar / Gulf News contributed to this image. This fine Italian brand is only available at one location in the United Arab Emirates. Along with their magnificent and unusual gold, gem, and jewelry assortment, they also have a selection of high-end timepieces to complement their offerings.

Damas Jewelry

Location: Throughout the city of Dubai For those seeking a more upscale shopping experience, its branches can be located in the majority of shopping malls in the UAE. You can expect nothing but the highest quality from Damas because they have been in the gold and jewelry industry for more than 100 years. In order to match your gold with valuable stones and decorations, you may choose from a large range available.

Joyalukkas

Location: Throughout the city of Dubai Joyalukkas may be found in abundance at the city’s hypermarkets, as well as in several big supermarkets such as Lulu and Trader Joe’s. The shops range in size from enormous, opulent boutiques to tiny, independent merchants. Several gold and diamond brands are held under the umbrella of the company’s name.

Malabar Gold and Diamonds

Location: Throughout the city of Dubai You may choose from over 127 styles in their jewelry collection for men, women, and children, which is available at any of their 23 locations in Dubai. On their website, they also provide a gold market rate tracker that is specialized to gold.

How gold rates are set in Dubai

Check out this site for the most up to date information on gold and FX rates. Managing Partner of Malabar Gold Shamlal Ahmad stated that tariffs are determined in accordance with the dynamic worldwide gold price, which varies virtually every second. Jewelry made of gold Image courtesy of a file photo “The prices that are published on the internet are valid for online trading. When it comes to the acquisition of actual gold, bullion dealers set the price by factoring in all of the costs involved with it “In an interview with Gulf News, Ahmad stated his position.

Because the price is quite unpredictable, it is adjusted three times a day, according to him.

Sell gold for cash in Dubai, Sharjah, UAE – Gold Rate, Jewellery Gold Buyer Dubai

Are you concerned about raising finances on short notice? Interested in updating your jewelry collection but aren’t sure where to begin? Is it important to you that you sell or exchange your old, worn, or damaged jewelry goods in Dubai? Don’t be concerned any longer. We at SAK Jewellers are a one-stop solution for all of your jewellery-related requirements, where you can: Gold may be sold in Dubai for cash. Diamonds can be sold in Dubai for cash.

WE ARE GOLD BUYERS IN DUBAI AND ALSO OFFER DIFFERENT SERVICES THAT INCLUDE:

In Dubai, you may find a variety of jewelry, idols, and other goods made of gold, diamonds, platinum, and silver. In Dubai, you may buy and sell used gold, diamond, platinum, and silver decorations, idols, and other goods, as well as trade them in. You will be able to sell unwanted diamond and gold goods and receive immediate monetary compensation. We even accept damaged gold and diamond jewelry and pay cash for it with the smallest amount of depreciation possible. You may also sell your gold, platinum, and silver in the form of coins, bars, or bricks to receive immediate payment in cash for your valuables.

We are a high-end jewellery company that handles a wide range of requests for the purchase, sale, and exchange of precious metals such as gold and diamonds in Dubai, with the goal of providing the highest level of client satisfaction.
The payment alternatives we provide are based on the convenience and preferences of our customers.
Since prehistoric times, the practice of wearing jewelry has existed as one of the world’s greatest and most valuable enterprises.
The history of the jewellery business has been glorious, beginning with the use of beads and precious stones and progressing to the current burgeoning need for precious metals.
When it comes to diamonds, most people are wary of where they should sell diamonds in Dubai, but with SAK Jewellery Trading, there is no need to be concerned.
We are the most reputable diamond buyers’ agency in Dubai Gold Souq, United Arab Emirates.

Precious metals should only be handled by those who are knowledgeable about their value, and we happen to be experts in this industry. Bring your valuable things to us and we will give you the best price possible for them.

Your Guide to Buying and Selling Gold in Dubai

On July 8, 2019, we published our most recent update, which was on October 5, 2020.

Dubai is called the City of Gold for a reason.

It doesn’t matter if you’re a long-term expat or a curious visitor to Dubai; it’s nearly impossible to go a day without stepping foot in a gold shop. With entire souks and countless retailers dedicated to the purchase and sale of the precious metal, the gold trade in the emirate makes the city one of the best destinations in the world for jewelry shopping. The City of Gold offers a diverse selection of gold and gold products, whether you’re shopping in a high-end store or browsing through the traditional souks.

What to look out for when buying gold in Dubai

In compared to other nations, such as India, where a duty tax is levied on gold, the price of gold in Dubai is far less expensive. Customers can benefit from the fact that the sole tax on gold in Dubai is the 5 percent value added tax (VAT).

Negotiating prices

Additionally, shoppers have the option of negotiating the creating costs (charges applied for the design), which, depending on the amount of gold you’re looking to purchase as well as the complexity of the ornament, can bring the price down significantly. The Deira Gold Souk in Old Dubai is a famous destination for bargaining over the manufacturing costs, which is why it is difficult to get a better deal at the more opulent gold stores.

Dubai gold market price

Dubai’s gold prices are tied to the worldwide gold market, which provides an added advantage for purchasers who can track the shifting prices and buy gold when the rates are at their lowest. Prior to making a gold purchase, it is recommended that consumers examine the current gold market prices in order to take advantage of lowering prices. By being aware of the current market pricing, you will be able to better the outcome of your negotiating session with the gold dealers. In addition, the market price assures that the cost of gold remains constant for the majority of gold businesses throughout the emirate.

How to buy gold in Dubai

So you’ve done your research on gold market pricing and determined that now is the best moment to go gold shopping for yourself.

1. Know your gold types

The fineness of 1000 percent pure gold
22 karats or fineness of 0.9166:91.5 percent pure gold combined with other metals (e.g. copper)
18 karats or fineness of 0.750:75 percent pure gold
24 karats or fineness of 1000 percent pure gold mixed with other metals (e.g. copper)

Generally speaking, pure gold (24 karat gold) is a soft metal that hardens when combined with other metals such as silver and copper. Gold also has a variety of hues depending on the proportion of alloys that are mixed in with it.

2. Pick your jewelry

The carat and weight of the item, as well as its price, will vary depending on the type of accessory – earrings, necklace, ring, bracelet, and so on. The vendor at the jewelry store will weigh the items of jewelry you have chosen in order to establish the price.

3. Negotiate

This is the point at which all of your study into the most recent gold market prices in Dubai may pay off. It’s not an issue if you didn’t double-check beforehand. Most gold merchants will have real-time updates accessible, so keep an eye out for them. You won’t have to worry about being mislead about the true value of your gold because gold stores in Dubai rigorously adhere to the rates, which are the same across all sellers. If they try to fool you and you report them, the Dubai police will keep a careful eye on these stores, and their companies may suffer as a result of your complaint.

Also keep in mind that more intricate designs will result in a higher manufacturing fee. You should be prepared to bargain for a lower manufacturing fee on your jewelry. The more jewelry you purchase, the greater the likelihood that you will be able to receive a good deal.

4. Ask for authentication

Once you’ve agreed on a price, don’t forget to include the following in your purchase order: When asked, the suppliers must provide authentication certificates, which must be signed by them. This document lists the gold karats used, the weight of the gold and finished jewelry piece, as well as the weight of the additional stones used in the jewelry, as well as the expenditures incurred in the creation of the item. You will be able to have your item validated and valued on a global scale if you have this documentation.

Where to buy gold in Dubai

Some of the most popular venues to buy gold, gemstones, and jewelry in Dubai are listed below:

Deira Gold Souk – Old Dubai

Al Ras is a neighborhood in Dubai. The Deira Gold Souk, located in the heart of Old Dubai, is one of the most historic and traditional souks in the country. With rows and rows of over 300 gold and jewelry shops, consumers may choose from a diverse choice of items while taking in the genuinely old Dubai ambience. Because it is a popular destination, there are several tour buses that travel through as well as public transportation choices in the surrounding area.

The Gold and Diamond Park

Al Quoz 3, Dubai is the location. The Gold and Diamonds Park is an indoor, air-conditioned mall that is solely dedicated to – you guessed it – the purchase and display of gold and diamond jewelry (and other precious stones). There are over 70 businesses to choose from, so you’re sure to find something that suits your needs. In addition, if you’re seeking for something more unique and personalized, there are talented craftsmen who can create exactly what you’re looking for.

The Gold Souk Dubai Mall

Dubai Mall is the location for this event. The Gold Souk asks for a more contemporary, inside shopping experience with a historic, Arabesque ambiance, as opposed to the conventional outdoor shopping experience. The shopping attraction, which is housed within the city’s largest mall, is a popular site for those looking to purchase gold, jewelry, precious stones, fragrances, and high-end apparel.

Damiani

Dubai Mall is the location for this event. This fine Italian brand is only available at one location in the United Arab Emirates. Along with their magnificent and unusual gold, gem, and jewelry assortment, they also have a selection of high-end timepieces to complement their offerings.

Damas Jewelry

Joyalukkas

Location: Throughout the city of Dubai Joyalukkas are readily available in most shopping malls in the city, as well as at several big supermarkets such as Lulu. The shops range in size from enormous, opulent boutiques to tiny, independent merchants. Joyalukkas is the umbrella company for a number of gold and diamond companies.

Malabar Gold and Diamonds

Location: Throughout the city of Dubai You may choose from over 127 styles in their jewelry collection for men, women, and children, which is available at any of their 23 locations in Dubai.

On their website, they also provide a gold market rate tracker that is specialized to gold.

How to sell gold in Dubai

Find out all you need to know about turning your gold into cash in this article.

Know your gold type

Gold acquired in the UAE is often valued at a significantly higher market rate than gold purchased in other countries, such as India, which is impacted by the hefty taxes levied on gold purchased in that country. A lot of the time, 22 karat gold purchased from India can only be sold at a price equivalent to 18 karat gold. It is the weight, the place of origin, and the purity of your gold that will determine the worth of your gold. You may be sure that the labor costs associated with creating the design for your jewelry will not be reimbursed.

Documents you need

The invoice or authentication certificate for your gold piece, as well as some kind of identity (original passport or government-issued identification) will be required.

Selling gold market price

If you’re interested in selling your old gold, keep an eye on the fluctuating market values as they may affect your decision. Make a plan to sell your stuff if the purchase price for gold increases significantly.

Check out many shops

Find out how much one business is willing to pay for your gold against how much another store is willing to pay for your gold so you can obtain the greatest price for your item.

Where to sell gold in Dubai

However, contrary to common assumption, selling gold in Dubai is not a complicated process. Here are several venues where you may sell your gold for cash.

Deira Gold Souk – Old Dubai

Al Ras is a neighborhood in Dubai. The Gold Souk in Old Dubai is a place where you can never go wrong. The vast majority of shops will buy worn gold, and there are hundreds of them. Simply keep an eye out for establishments that have signs in their windows advertising that they are purchasing gold.

Al Fahidi Souk

Meena Bazaar In Bur Dubai, Dubai is the location of this event. The commercial neighborhood provides visitors with a glimpse of Dubai’s traditional culture. The market is a busy and bustling site where sellers sell things from South Asia. It is possible to sell used gold here; nevertheless, it should be noted that this is a stop for consumers with strong negotiating abilities and those who are cautious with their purchasing.

Gold pricing
Dubai gold
Purchasing gold
Selling gold
These are some of the terms used to describe gold.

Recommended for you

The most recent post was made on May 13, 2013, at 22:44. What if I have several pieces that have stones missing and one that I just don’t like or wear anymore? Can I sell them to any of the stores in the DM souk? It is a vast souk and it is difficult to go door to door. Does anyone know the name of a certain shop? TIA! Log in to the forum and start posting new stuff. The most recent post was made on August 17, 2021, at 00:00. At the Dubai Mall Souk and at Cara at the Gold and Diamond Park, I have sold gold and diamonds.

However, they did make a duplicate of my passport when I went to the Dubai Mall shop.
I’m looking for a suitable place to sell a pre-owned Cartier juste un clou bracelet in white gold.
The most recent post was made on August 16, 2021, at 23:56.
I’ve never received a receipt for anything.
Experiment with a few different options.
The most recent post was made on January 18, 2017 at 13:07.
Other shops in the GOLD SOUQ / BUR DUBAI should never be attempted.

Despite the fact that you will receive 5 to 10 AED less than the current market price, they will pay you after they have checked the product’s condition.

The most recent post was made on May 29, 2013, at 21:22.

The most recent post was made on May 14, 2013, at 14:24.

She had it all crammed into a plastic ziploc bag and was hoping to get a few hundred Dihrams out of it, but she was wrong.

She was pleased to the hilt.

Cara provided her the most up-to-date gold price for the day, and I believe it was particularly high at the time she was selling, so it could be worthwhile to keep a watch on it yourself and decide when is the best moment to sell.

Exactly.

The most recent post was made on May 14, 2013, at 09:35.

She had it all crammed into a plastic ziploc bag and was hoping to get a few hundred Dihrams out of it, but she was wrong.

She was pleased to the hilt.

The most recent post was made on May 14, 2013 at 09:29.

I’ve never received a receipt for anything.

Make sure to browse around before selling because I was offered a different price at each location I visited!

You can sell your gold at any store as long as you have a receipt; but, if you know your jeweler or purchased the item from the store where you are selling it back, you may be able to sell your gold without a receipt.

The most recent post was made on May 14, 2013, at 08:23.

It is ideal if you have a receipt to prove that you are the legal owner of the gold.

The most recent post was made on May 14, 2013 at 05:07.

Despite the fact that I have no firsthand experience, I have noticed placards in several of the business windows stating that they purchase old gold. The most recent post was made on May 14, 2013, at 05:03. Log in to the forum and start posting new stuff.

Best Gold Shop, Sell Gold for Cash, Scrap Gold Buyers in Dubai UAE

The most recent post was made on May 13th, 2013 at 22:44 UTC. It is possible for me to sell some of my jewelry that has stones missing and one that I just do not like or wear to any store within the DM souk? It is a vast souk to walk through door by door, so does anyone know the name of a certain shop? TIA! Create a new thread in the forum by logging into your account. The most recent post was made on August 17, 2021, at 00:00 (UTC). At the Dubai Mall Souk and at Cara at the Gold and Diamond Park, I’ve made a profit selling gold and silver.

At the Dubai Mall shop, they did, however, take a photo of my passport.
I’m looking to sell a pre-owned Cartier juste un clou bracelet in white gold for a reasonable price.
The most recent post was made at 23:56 on August 16, 2021.
Never in my life have I received a receipt for anything.
A variety of options should be considered.
Latest post was made at 13:07 on January 18, 2017.
Other shops in GOLD SOUQ / BUR DUBAI should never be attempted.

Despite the fact that you will receive 5 to 10 AED less than the current market price, they will pay you after inspecting the merchandise for quality.

The most recent post was made at 21:22 on May 29, 2013.

on the 14th of May in the year of 13:24 (latest post).

She had it all crammed into a plastic ziploc bag and was hoping to get a few hundred Dihrams out of it.

She received almost fourteen thousand dollars!

The majority of the items had been given to her as a teenager while she was living in Bahrain, and she didn’t have a receipt for most of them.

Because of that, I went ahead and cleaned out my own gold jewelry, and I want to do the same thing soon!

We are buying ourselves some time.

She had it all crammed into a plastic ziploc bag and was hoping to get a few hundred Dihrams out of it.

She received almost fourteen thousand dollars!

The majority of the items had been given to her as a teenager while she was living in Bahrain, and she didn’t have a receipt for most of them.

Because of that, I went ahead and cleaned out my own gold jewelry, and I want to do the same thing soon!

At the Dubai Mall Souk and at Cara at the Gold and Diamond Park, I’ve made a profit selling gold and silver.

At the Dubai Mall shop, they did, however, take a photo of my passport.

14th of May, 2013, 08:52 p.m., latest post You may sell your gold at any store as long as you have a receipt; but, if you know your jeweler or purchased the item from the store where you are selling it back, you may be able to sell it even without a receipt.

14th of May, 2013, 08:23 p.m., latest post My prior sales in the souk included gold jewelry.

In order to report the things to CID, they’ll need a copy of your passport/EID as well as your contact information.

on the 14th of May, 2013, at 05:07 a.m Despite the fact that I have no firsthand experience, I have noticed signs in several of the business displays indicating that they buy old gold. on the 14th of May, 2013, at 05:03 a.m Create a new thread in the forum by logging into your account.

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6 Tips when Buying Gold at the Deira Gold Souk

When in Dubai, it’s virtually hard to avoid visiting the gold markets, which are located across the city. This is a renowned tourist spot in the emirate and is one of the most visited. After all, this city is well-known for its involvement in the gold trade. With virtually endless businesses in the neighborhood, you might be wondering which places are the best to visit for shopping. The Deira Gold Soukin Old Dubai is a place where you can never go wrong. Tourist buses (you can book a bus tour here) make frequent stops in this region due of the numerous gold selections available and the way the construction of the area has been designed to accommodate visitors.

Who wouldn’t be drawn in by the sight of gold lining the aisles from aisle to aisle just for the sake of it?

Here Save this to your Pinterest board.

one of the main entrances to the gold market, where you may do your window shopping first

How to Buy Gold at the Dubai Gold Market

If you’re thinking about purchasing gold, here are a few pointers to assist you understand how the process works. Take a look at the guide provided below.

1. Know the market price.

The price of gold swings on a daily basis, much like the price of equities. Consequently, it is only smart to be aware of what it is now selling for on the open market. This is perhaps the most crucial element you should be aware of before going to purchase gold in Deira Gold Souk, aside from your general understanding of gold. You will be able to bargain with the merchants if you are aware of the market pricing. TheDubai Retail Gold Rateis a fantastic spot to start your research on gold prices in Dubai.

Select your favorite!

2. Know the types of Gold. Choose your Karat.

Doing your homework before purchasing anything, just like with any other purchase, is quite beneficial. Gold is sold by the karat as well as by the gram. The greater the Karat number, the purer the gold is considered to be. This signifies that a piece of 24-karat gold is made entirely of pure gold.

Because pure gold is soft, it is hardened by combining it with other metals such as silver, zinc, copper, and nickel to form a compound compound. Furthermore, gold is available in a variety of hues that indicate the type of alloys and the proportion of alloys that have been combined with it.

3. Choose your jewellery.

Following your selection of an accessory, such as a ring, bracelet, necklace, or pair of earrings in gold, inquire as to the Karat and weight of the item you like to purchase. The pieces you pick will be weighed by the attendants. TRIVIA: The Deira Gold Souk is the location of the World’s Largest Ring. In one of the stores, there is a Guinness Book of World Records trophy on display, which is quite impressive. Located at Gate 1 of the Dubai Gold Souk, it is easy to find. When you’re at the Deira Gold Souk, you’ll have a plethora of options to pick from.

bangles made of gold

4. Learn to Haggle.

While shopping, you will learn the skill of haggling from the many merchants you may encounter. You may expect sellers to expect you to haggle in order for them to have price buffers in place when you do so. You could get fortunate if you try to negotiate a 25 percent discount off the listed price. In a similar vein, attempt to bargain for a price that is within your budget range as well. However, be prepared to walk away if you are unable to reach a compromise. Some dealers would inquire as to how much you are willing to spend merely to sell a single piece.

RATE– Check the rate of gold per karat by looking at the prices that are listed on the outside of the building. These are real-time updates based on how much gold is being sold for per karat at the time of writing. It is possible to be confident that gold stores are stringent and always in sync with the current gold rate. Because they are under constant surveillance by the Dubai Police. If a consumer reports that they have been duped, the owners’ businesses will be put in jeopardy. As a result, you can anticipate the gold rate to be consistent across all stores. MAKE– This is the cost of the labor that went into creating the jewelry that you are purchasing. The MAKE fee increases in direct proportion to the complexity of the design. However, because various stores frequently carry the same pieces/designs, here is normally where you may bargain, and you can try to negotiate a lower MAKE fee
However, this is not always the case.

There are lots of gold rate stands in the marketplace, and you won’t be able to overlook them! The more the number of pieces you purchase, the greater the amount you may bargain for. However, keep in mind that the more complicated the design of the piece you purchase, the more difficult it will be to bargain for the lowest price you desire to obtain. Because gold is sold by Karat and weight, you can only bargain on the amount of labor that went into creating the piece.

5. Go around in different shops.

Look around for a piece before making a decision. The majority of the stores feature the same items; the only difference between them is the price, which is determined by your haggling abilities. There are hundreds of stores from which to pick. Another point to remember is that stores in nooks and crannies (as opposed to those that are widely accessible) tend to offer lower prices because there is less foot activity in these locations. As a result, it is preferable to shop in the souk’s narrower lanes in order to discover better bargains.

Make a point of being in the vicinity of stores where the quality of the gold being sold is closely regulated by the authorities.

This is a common question they are asked, so don’t be afraid to ask it.

In any case, the most common reaction from them is NO (of course).

6. Don’t be too stingy.

When attempting to obtain the lowest possible interest rate, it might be advantageous to avoid getting into a heated debate. If you’ve already decided on an accessory but were unable to negotiate the lowest price, you should either leave the store or accept the price as is. After all, if it is within your financial means, it shouldn’t be too much of an issue, right? Occasionally, the vendor may knock another dirham or two off the price to express their thanks for your willingness to purchase.

As soon as the employees recognized that we were no longer bargaining, they instantly reduced the price of our item.

According to tradition, Indian and Iranian tradesmen established themselves in the Deira neighborhood in the olden days.

In today’s world, Deira Gold Souk is recognized for selling gold at a lower price than its adjacent places, which is one of the reasons why people travel to Dubai.

In the event that you decide to purchase gold, we hope that the advice provided above will assist you in bargaining for the greatest price and value for your money.

Video: Visiting the Gold Market on an Afternoon

Presented here is a little film clip depicting a visit of the Gold Market in Deira. Take a look at this video to get a sense of what it’s like to be in the situation.

Photos: Gold Souk Deira

Take a look at some of the images we took during our visit to the Gold Souk Deira market: Here is where you can book a Dubai Hop on Hop off Bus Tour.

Gold Souk Opening Hours and Nearest Metro

Weekend hours are 10 a.m. to 10 p.m. from Saturday to Thursday, and Friday hours are 4 p.m. to 10 pm, with the exception of holidays.

How to Get There

If you want to go there by public transportation, you may take the Dubai Metro train and get out at the Al Ras Metro Station (Green Line). You can leave and just inquire about the gold market with those around you. You won’t be able to miss it because it is a well-known tourist destination.

Google Location Map

By public transportation, you may take the Dubai Metro train and get out at the Al Ras Metro Station (Green Line). It’s possible to leave and just inquire about the gold market. As a well-known tourist destination, you won’t be able to miss it!

Cash for gold

When traveling via public transportation, take the Dubai Metro train and get out at the Al Ras Metro Station (Green Line). You can depart and just inquire about the gold market with anyone around you. You won’t be able to miss it because it is a well-known tourist attraction.

24K received 99.9 percent
22K received 91.7 percent
18K received 75 percent
14K received 58.3 percent
10K received 41.7 percent

How to conduct a test If your materials are not hallmarked, there are a variety of scientific procedures to assess the purity of your gold, including some that can be done in the comfort of your home.

Rub your materials against a piece of unglazed porcelain to make them more visible. If this results in a black streak, your materials are not formed of genuine gold, but rather of pyrite, which is a synthetic gold. If the streak is gold, your products are made of genuine gold
Otherwise, they are not. Hold a magnet over the gold stuff you’re working with. In this case, your materials are not pure gold since gold itself is not magnetic
If your materials are attracted to the magnet, your materials are not pure gold. If your gold materials pass the first two tests, make an appointment to come see us at GoldDiamond Park so that we can give you a more exact estimate of how pure your gold materials are. Please get in touch with us.

Using your supplies, rub them against an unglazed piece of porcelain. You have pyrite in your materials, thus if you see a black streak, this indicates that your materials are not genuine gold. You have gold-colored materials if the streak is gold; else, they are composed of fake gold. Placing a magnet on top of your gold material can help it stick better. In this case, your materials are not pure gold since gold itself is not magnetic; if it is attracted to the magnet, your materials are not pure gold.

You may get in touch with us by clicking here.

Buying Gold in Dubai: Why Is It So Popular With Expats? –

Purity, affordability, variety, price stability, bargaining opportunity, and frequently asked questions

For a variety of reasons, Dubai is referred regarded as the “City of Gold.” Not only does Dubai have an entire souk dedicated to the sale of gold, but the practice of purchasing gold in Dubai has long been popular, particularly among the expat population and visiting visitors. Has it ever occurred to you to ponder why this particular emirate is favored when it comes to the purchase of this precious metal? There are a variety of reasons to invest in gold in Dubai. Today, MyBayut investigates those factors in order to provide you with a better understanding of why acquiring gold is such a popular option and what you can anticipate if you decide to make a purchase in the future.

5 REASONS TO BUY GOLD IN DUBAI

When it comes to gold jewelry, Dubai has a lot to offer, whether you are searching for something simple to wear every day or something a little more lavish.

There are a number of other factors that contribute to the popularity of gold purchases in Dubai.

1. DUBAI GOLD IS PURE

Before purchasing gold in Dubai, make sure to inquire about the purity of the metal. When purchasing gold in Dubai, you won’t have to be concerned about the purity or the quality of the jewelry you purchase. All goods offered by jewellers is controlled by the government, which assures that any gold item sold in Dubai is genuine and of high quality. In addition, it is essential for all jewellery businesses in the city to display a gold purity hallmark on all of the products they sell, and they are required to supply it to their clients upon request.

It guarantees that each purchase is validated and that it may be valued anywhere in the globe if necessary.

2. GOLD IN DUBAI IS CHEAPER

Is gold cheaper in Dubai? The answer is yes if you are asking if gold is less expensive in Dubai. In Dubai, you can get the most competitive gold prices. Dubai has long been favored because of its immunity from paying taxes. It is one of the primary reasons that individuals choose to relocate to the city, as well as why they choose to purchase gold. Due to the absence of taxes in the emirate, gold prices in Dubai have always been lower than in other parts of the world, since customers would only pay for the value of the gold jewelry they purchased.

Tourists can also seek VAT refunds in the United Arab Emirates for any purchases they make while in the country.

In some countries, such as India, in addition to the value-added tax (VAT), there are a variety of other taxes, such as the goods and services tax (GST) and excise duty, that are levied on gold jewelry purchases, making it more expensive.

3. YOU HAVE A LARGER CHOICE

The Deira Gold Souk in Dubai is a series of gold shops that are open 24 hours a day. Shopping in Dubai is regarded as a utopia, and not just for clothing and technology; it is also a haven for gold enthusiasts. If you are looking to purchase gold in Dubai, you can choose from the more popular gold stores in the city, such as Damas and Joy Alukas, which are located throughout the city’s malls, or you can visit the Deira Gold Souk, which is one of the city’s oldest traditional souks and is lined with a row of jewellery shops.

4. THE PRICE FOR GOLD IN DUBAI FOLLOW INTERNATIONAL MARKET RATES

The gold prices in Dubai are determined by the international gold rates. Another aspect that contributes to the seamless nature of the gold purchasing experience in Dubai is the low gold pricing. The gold rate in Dubai is set in accordance with international gold rates, which guarantees that prices are consistent throughout all retailers in the city. Furthermore, because international gold prices vary in the same way that stock market prices do, it presents a chance for gold buyers in Dubai to take advantage of declining prices and purchase gold at the lowest possible price.

Always check the current gold rate in Dubai before making a buy, and always check the rate before selling.

5. YOU CAN BARGAIN THE MAKING CHARGES OF GOLD IN DUBAI

In Dubai’s gold stores, you may haggle over the prices for customizing your jewelry. Another factor that contributes to the affordability of gold in Dubai is the fact that you may bargain for a lower price on the manufacturing costs, which are the fees that are charged for the creation of the jewelry. Fees for making gold jewelry vary depending on the type of gold jewelry you purchase and the retailer from which you purchase it. While haggling in larger jewellery stores in the mall might be difficult, you will not have the same difficulties in the shops in the Dubai Gold Souk.

FAQs about buying gold in Dubai

If you’re looking to buy gold jewelry, the gold souk in Dubai is a terrific location to start your search. It has a row of gold stores that sell a range of different designs and kinds of gold jewelry. You may also visit one of the many shopping malls in Dubai. A number of the most popular jewellery companies in Dubai, including as Damas, Joyalukkas, and others are represented in this section. You can also find high-end personal accessories in the Gold and Diamond Park Mall, where you can buy precious stones and jewels as well as silver, gold, and platinum jewelry and other items.

Please share your thoughts in the comments section below.

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