- mint schmuckis the leading jewelery retailer in Dubai. One of the leading precious metals dealers for the sale of gold, the purchase of gold bars and gold coins. Mint Jewels also has a good collection of silver jewelery and gold plated jewellery. Mint Jewels, Dubai is the best destination to sell gold for cash in Dubai.
How do I sell my gold in Dubai?
Where to sell gold in Dubai
- Deira Gold Souk - Old Dubai. Location: Al Ras, Dubai.
- Souk Al Fahidi. Ort: 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 in the Dubai Mall.
- Damiani.
- women's jewellery.
- Joyalukkas.
Is it easy to sell gold in Dubai?
You can easily sell gold in Dubai. Simply bring your items to our stores and have them examined by our professional experts. If the gold is marked 916, you will get the current gold price based on the weight of your item.
Can I sell gold anywhere?
Where to sell physical gold in India? You can sell physical gold (bullion, coins, and jewelry) to a jewelry store or reputable gold reseller/recycler, retail websites, or Cashforgold stores. Always conduct thorough research on gold trends and gold value before selling gold in India.
How much do I get for selling my gold?
How Much Do You Make Selling Gold? Gold has set record prices of more than $2,000 an ounce in the last year and at current scrap gold prices a typical wedding ring will cost you between $100 and $300 depending on the weight and carat.
How can I trade gold in the United Arab Emirates?
How do you get your gold trading license in the United Arab Emirates?
- Decide on the name of your company. Deciding on a memorable name for your business is an important step in starting a gold business in Dubai.
- Request your license. The license application is the second most important step in acquiring your gold business license in the UAE.
- Apply for visa.
How do you get money for gold?
Call a local jewelry store or check the current market price of gold from an online resource like www.goldprice.org before you sell it. Knowing that people are just looking for quick money to pocket, some dealers will offer you money for your gold at less than its true value.
How much does gold cost per gram?
Pure gold is currently paying around $1,250 an ounce. In purely mathematical terms, this means that 10k gold will "fall" at around $16.35 a 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 find a place to buy gold.
Can I sell gold bars in Dubai?
You can sell your gold in the Gold Souk located in Deira and also in Bur Dubai. You must carry the receipt for the gold you own in order to receive it as proof that it is yours.
Is Dubai a cheap place to buy gold?
If you want authentic and certified gold, Dubai is the place for you. Apart from that, gold prices in Dubai are very low, which is mainly due to Dubai being a duty-free zone.
Is gold easy to sell?
Gold bullion is the most popular type of gold as an investment or store of value because it is generally easy to sell and holds its value well. Gold prices hit all-time highs in 2020, so now is a good time to get some nice cash for your holdings.
Where can I sell gold at the highest price?
These are the best places to sell gold for the most money:
- Cash for Gold USA Cash for Gold USA is one of the oldest online gold buyers in the United States.
- APMEX.
- Liberty Gold and Silver.
- Express Gold Cash.
- To install Luria.
- VendeTuOro.com.
- pawnshops.
- Local precious metal 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 a lack of grading facilities. Many counterfeit coins and bars have appeared in the last 10 years because the price of gold has increased very rapidly.
Sell Gold in Dubai – Kuber Jewelery
With over 30 years of combined experience, at Kuber Jewelery we are able to offer the best value for money in gold and the best service on the market. Our customer service is second to none. Whatever type of gold you don't want anymore, we'll pay you most of the money for it and transfer it to your account immediately. That's our promise!
- We are interested in buying jewelry and bars made of gold, silver and platinum. Any gold color including Saudi, Indian and Arabic
- any form of gold
- 9K, 14K, 18K, 21K, 22K, 24K
- 9K, 14K, 18K
- Coins, medals, jewelry and other items, whether new or damaged
- You are sure to get CASH for gold instantly. The highest possible prices for your gold
- The latest XRF technology is used for on-site testing. Fusion and testing service is offered.
Goldrechner
Enter the information below to get an up-to-date valuation of your precious metals. Thank you for your cooperation. 0.00 (AED) is the total value of your order.
silver calculator
To receive an updated valuation of your bullion please provide the following information: AED 0.00 is the total amount you have earned.
Platinum Calculator
Enter the information below to get an up-to-date valuation of your precious metals. Thank you for your cooperation. Its total value is (in AED): 0.00 T: +971 4 228 5501 Kuber Jewelery LLC is located on the third floor of the Gold Corner Building in the Gold Souk in Deira, Dubai, United Arab Emirates.
Sell gold for cash in Dubai
To get a current estimate of your precious metals please provide the following information: In AED, the following is your total value: 0.00 T: +971 4 228 5501 Kuber Jewelery LLC is located on the third floor of the Gold Corner Building in Deira, Dubai, United Arab Emirates.
- With our Cash for Gold program in Dubai, we buy scrap metal and scrap for cash, as well as gold jewelry and bullion.
- We have 24k gold plated jewelry and sterling silver jewelry. Gold Bars, Bullion Bars and Gold Coins can be purchased at a discounted price. Diamond and gemstone jewelry made to order.
- A premium range of antique jewelery that can shine in both formal and informal settings.
- And a wide range of other services.
Our line of high quality gold plated jewelery is a unique idea developed by a group of jewelery specialists with the aim of offering an affordable alternative to traditional gold jewellery. We stock a wide range of patterns in both traditional and modern fashions and are known for offering an assorted range popular with people of many ethnic backgrounds including Indian, Arab, African and European. We offer a one-year guarantee on all our items. Each member of our team has extensive experience in the study of precious metals and precious stones.
We believe in fair prices and fair rates, and we do what we preach.
Mint Jewels assures you that we will pay you the highest possible price for your gold when you sell it to us.
Sell Gold Dubai
Looking to sell gold in Dubai but not sure where to start? Finding it difficult to choose the best site to sell gold for cash in Dubai? We can help. Don't bother anymore. We are here to help you. You have come to the right place as we are recognized as the leading gold buyers in Dubai offering the best gold prices for your items. As a result, there is no more thinking about where to sell gold in Dubai or how to find the best place to sell gold near me.
Read on to learn more about why we are the best place to sell gold.
When you sell us gold, you trust our skills.
Scroll down to learn more about our gold selling process in detail and choose which option is most beneficial to you.
We value our customers and therefore offer them a transparent, simple and reliable service for selling gold in Dubai. The current gold price in Dubai can be found in the table below. According to Dubai and UAE, the price of gold per gram is as follows:
Sell gold in dubai
An established organization that offers a standardized rating for the gold it holds, as well as the ability to sell gold. One of these companies is Dubai, which has over 25 years of experience in the precious metals market. It is important to have a transparent and ethical online platform for selling gold in the UAE that ensures a low overhead value and high scrap per gram of gold. If you are looking to sell or buy gold, it is recommended that you have a reasonable estimate of the gold price range.
The price varies depending on the company and market demand.
If you need cash immediately and want to exchange obsolete jewelry, come to us and get a great price for your jewelry.
Would you like to sell your gold, diamonds, platinum and silver for cash?
When selling gold, you should choose an established organization that provides a standardized grade for your gold. One of these companies is Dubai, which has more than 25 years of experience in the precious metals market. A transparent and ethical online marketplace for selling gold in the UAE, guaranteeing the lowest possible overheads and the highest possible profit per gram of gold. If you are looking to sell or buy gold it is recommended that you have a reasonable estimate of the price range.
Depending on the company and market needs, prices may vary.
If you need cash immediately and want to exchange obsolete jewelry, come to us and get a great price for your jewelry.
Latest News
Sell Gold in Dubai offers you a secure cash on delivery solution for every purchase made with them.
RETURNS AND EXCHANGES
To return or exchange a purchase, simply bring it along with the original invoice to one of our locations in the United Arab Emirates.
FREE SHIPPING
We deliver free of charge.
about 2 kilometers from the Gold Souq in Dubai, United Arab Emirates
A complete guide to exchanging your gold jewelery in the United Arab Emirates
Shipping is completely free. Approximately 2 kilometers from the Gold Souq in Dubai, United Arab Emirates
How to sell gold in Dubai
We deliver at no additional cost. about 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 authenticity of the gold you own by looking for the hallmark on the piece of jewelry you own. As the mark engraving can be very small, ask the jeweler to provide you with a magnifying glass so you can examine the mark.
The stamp
Gold pieces are marked with different grades, which vary depending on the karat of the gold. For example, 22 carats are marked with the number 916, 21 carats with the number 875, 18 carats with the number 750, 16 carats with the number 666, 14 carats with the number 583 and 12 carats with the number 500. Also, which are fineness markings seen on silver and platinum jewelry. The weight, place of origin and purity of your gold determine the value of your gold.
The price of gold hit a six-year high in 2019.
Documents you need to sell
Depending on the karat of the gold, different fineness specifications are applied to the gold pieces. Examples of carat values are 916 for 22 carats, 875 for 21 carats, 750 for 18 carats, 666 for 16 carats, 583 for 14 carats and 500 for 12 carats. Similarly, diamond weights are indicated by the number of carats in the diamond weight category. In addition, fineness marks are stamped on pieces of jewelery made of silver and platinum. It's the weight, place of origin and purity of your gold that determine the value of your jewelry.
This year, the price of gold hit a six-year high.
Sell gold at market price
To sell your old gold, keep an eye on market prices to see how they're fluctuating. If you're one of the many people who bought jewelry in the 1980s and 1990s and want to update your jewelry with more contemporary designs, you can, but be prepared to sell your stuff when the Purchase price of gold has peaked. maximum. low time. The Deira Gold Souk in Dubai is packed with shoppers. The revelation that the International Monetary Fund had sold 200 tons of gold to the Reserve Bank of India sparked the recent surge in gold prices.
Where to sell gold in Dubai
If you are considering selling your scrap gold, keep an eye on market value developments. If you were one of the many buyers of jewelry in the 1980s and 1990s, it is possible to upgrade your jewelry to more current designs, but you must be willing to sell your stuff when gold's asking price is high. The Deira Gold Souk in Dubai is a popular shopping destination for gold lovers.
The revelation that the International Monetary Fund had sold 200 tons of gold to the Reserve Bank of India sparked the recent surge in gold prices. Photo is credited to Ahmed Ramzan/Gulf News.
Deira Gold Souk – Altes Dubai
Al Ras is a neighborhood in Dubai. Dubai's Gold Souk is a place where you can't go wrong. The vast majority of stores buy used gold, and there are hundreds of them. Just keep an eye out for establishments that have signs in their windows saying they buy gold.
Souk al Fahidi
Location: Meena Bazaar - Bur Dubai, United Arab Emirates At retail, visitors can get a taste of classic Dubai by walking through a busy and bustling market full of vendors selling goods from South Asia. Used gold can be sold here; However, it should be noted that this is a stop for consumers with great bargaining power and caution in their purchases. Maryam, an inspector for Dubai Gold, places a piece of jewelry in bubble wrap for inspection.
Understand the gold you are buying
The price of gold is determined by the karat and weight of the metal. The term "karat" (k) refers to the purity or fineness of gold and is a unit of measurement. The higher the number, the purer the gold as it combines with fewer other metals than the lower number. 24 carats or a fineness of 1,000 means the gold is 100 percent pure. 22 carats or 0.9166 fineness: 91.5 percent pure gold combined with other metals; 22 karat or .9166 fineness (same as copper) 75 percent pure gold in 18 karat or .750 fineness: That's .750 fineness.
For example, 22 carats are numbered 916, 21 carats are numbered 875, 18 carats are numbered 750, 16 carats are numbered 666, 14 carats are numbered 583, and 12 carats are numbered 500.
Image courtesy of Clint Egbert of Gulf News.
Gold also has a variety of colors depending on the proportion of alloys present.
Choose your jewelry
The carat and the weight of the item, as well as its price, vary depending on the type of accessory: earrings, necklace, ring, bracelet for example. The jewelry seller weighs the jewelry you choose to set the price.
Negotiate
Jewelry findings are available in different carats and weights, and the price varies depending on the type of jewelry: earrings, necklace, ring, bracelet, etc. The seller weighs the chosen jewelry to calculate the price. –
Request authentication
Once you've agreed on a price, don't forget to state the following on your order: Your invoice has been received. The gold was authenticated with a certificate of authenticity. Upon request, providers must provide authentication certificates, which must be signed by them. The certificate states the gold karat used, the weight of the gold and the finished piece of jewelry, the weight of any additional stones used in the jewelry, and the costs associated with the production and delivery of the item.
If you have this documentation, you can validate and evaluate your article worldwide. Image courtesy of Pixabay
where can i buy gold
Once you've agreed on the price, don't forget to include the following with your purchase: We've received your invoice. This is the gold's certificate of authenticity. In order to do business with vendors, they must provide authentication certificates upon request. The karat of gold, the weight of the gold and the finished piece of jewellery, the weight of any additional stones in the jewellery, and the costs involved in making the item are all included in the certificate. With this document at hand, you can review and rate your work anywhere in the world.
Deira Gold Souk – Altes Dubai
Deira Gold Souk Photo credit: GN The 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 jewelry stores line the streets of the business district. Customers can choose from a diverse selection of items while enjoying the classic Dubai atmosphere. As it is a popular destination, there are several coaches and public transport in the area.
Gold and Diamond Park
Al Quoz 3, Dubai is the location. Each day, Dubai Gold and Jewelery Group chooses a winner who will receive half a kilo of gold. Three kg of gold can be bought on the last day of the DSF. Customers who spend Dh1,000 or more on gold purchases at any of the city's participating stores will receive coupons to enter the draw. In addition, a scratch card promotion gives buyers a chance to win up to Dh2 million worth of gold and diamonds. Image courtesy of the GN Archives This is an air-conditioned indoor shopping mall dedicated to gold and diamonds and precious stones, located in the Parque del Oro y el Diamante.
And if you're looking for something a little more unique and personal, there are skilled artisans who can create exactly what you're looking for.
The Gold Souk in the Dubai Mall
The Dubai Mall is the location of this event. The Gold Souk calls for a more modern indoor shopping experience with a historical and arabesque vibe, as opposed to the traditional outdoor shopping experience. The shopping attraction, located in the city's largest mall, is a popular spot for those looking to shop for gold, jewelry, gems, fragrances, and high-end clothing.
damiani
The Dubai Mall is the location of this event. Gold prices in Dubai are set according to international standards, so prices are consistent across the city's jewelry stores. All jewelry stores in the city are closed.
Anjana Kumar/Gulf News contributed to this image. This excellent Italian brand is only available in one place in the United Arab Emirates. As well as their great and unusual selection of gold, gemstones and jewellery, they also have a range of high end watches to complement their offering.
women's jewellery
Location: Throughout the city of Dubai Those looking for a more exclusive shopping experience can find their branches in most malls in the United Arab Emirates. You can only expect the highest quality from Damas, as they have been active in the gold and jewelery industry for over 100 years. To combine your gold with valuable stones and decorations, you can choose from a wide range.
Joyalukkas
Location: Joyalukkas can be found in abundance in the city's hypermarkets throughout Dubai, as well as in several large supermarkets such as Lulu and Trader Joe's. Shops range in size from huge, opulent boutiques to small independent retailers. Various gold and diamond brands are managed under the umbrella of the company name.
Malabar gold and diamonds
Location: Across the city of Dubai You can choose from more than 127 styles in its jewelry collection for men, women and children, available at each of 23 locations in Dubai. They also offer a gold market rate tracker specializing in gold on their website.
How gold prices are set in Dubai
Visit this website for the latest information on gold and foreign exchange rates. Malabar Gold's managing partner, Shamlal Ahmad, said the fees are determined by the dynamic world price of gold, which fluctuates almost every second. Gold Jewelry Image courtesy of a stock photo “Prices published on the web are for online retail. When it comes to acquiring real gold, precious metal dealers set the price considering all the costs involved.” In an interview with Gulf News, Ahmad expressed his position.
Since the price is quite unpredictable, he says it adjusts three times a day.
Sell Gold for Cash in Dubai, Sharjah, UAE – Gold Rate, Jewelery Gold Buyer Dubai
Concerned about short-term fundraising? Looking to update your jewelry collection but not sure where to start? Is it important to you to sell or exchange your old, worn or damaged jewelry in Dubai? Don't bother anymore. We at SAK Jewelers are a one stop solution for all your jewelry related needs where you can: Gold can be sold in Dubai for cash. Diamonds can be sold for cash in Dubai.
WE ARE GOLD BUYERS IN DUBAI AND ALSO OFFER VARIOUS SERVICES INCLUDING:
In Dubai you can find a variety of jewelry, idols and other items made of gold, diamonds, platinum and silver. In Dubai you can buy, sell and trade gold, diamond, platinum and silver jewellery, idols and other used items. You can sell unwanted diamonds and gold items and get instant monetary compensation. We even accept damaged gold and diamond jewelry and pay for it in cash with the least possible depreciation. You can also sell your gold, platinum and silver in the form of coins, bars or bricks for an instant cash settlement of your valuables.
- We are a high-end jewelry company handling a wide variety of inquiries to buy, sell and exchange precious metals such as gold and diamonds in Dubai with the aim of providing the highest level of customer satisfaction.
- The payment alternatives we offer are based on the convenience and preferences of our customers.
- Since prehistoric times, wearing jewelry has existed as one of the largest and most valuable businesses in the world.
- The history of the jewelry business has been glorious, beginning with the use of gemstones and pearls through to today's growing need for precious metals.
- When it comes to diamonds most people are wary of where to sell diamonds in Dubai but with SAK Jewelery Trading you don't have to worry.
- We are the most reputable Diamond Buying Agency in Dubai Gold Souq, United Arab Emirates.
Precious metals should only be handled by those who know their value and we are experts in this industry. Bring us your valuables and we will give you the best possible price for them.
(Video) Dubai Gold Souk | Dubai Gold Price Today | Dubai Gold Market |Dubai Gold Rate Today [Hindi Urdu]
Your guide to buying and selling gold in Dubai
On July 8th, 2019 we released our last update which was on October 5th, 2020.
Dubai is not called the city of gold for nothing.
It doesn't matter if you're a long-time expat or a curious visitor to Dubai; It's almost impossible to go a day without setting foot in a gold store. With entire souks and myriad retailers dedicated to buying and selling the precious metal, the emirate's gold trade makes the city one of the world's premier jewelry buying destinations. The City of Gold offers a diverse selection of gold and gold products, whether you're shopping at a luxury store or browsing the traditional souks.
What should be considered when buying gold in Dubai?
Compared to other nations like India, where there is a gold tax, the price of gold in Dubai is much cheaper. Customers can take advantage of the fact that the only tax on gold in Dubai is Value Added Tax (VAT) at 5%.
price negotiation
In addition, buyers have the opportunity to negotiate manufacturing costs (fees for the design) which, depending on the amount of gold you wish to purchase and the complexity of the ornament, can significantly reduce the price. The Deira Gold Souk in Old Dubai is a famous destination for haggling over manufacturing costs, so it's difficult to get a better deal at the more opulent gold shops.
Gold market price in Dubai
Gold prices in Dubai are tied to the world gold market, providing an added benefit for buyers who can track price changes and buy gold when prices are at their lowest. Before buying gold, consumers are advised to check current gold market prices to take advantage of lower prices. By knowing the current market prices, you can improve the outcome of your trading session with gold traders. Also, the market price ensures that the cost of gold remains constant for most gold deals across the emirate.
How to buy gold in Dubai
So you've researched gold market prices and realized that now is the best time to buy gold for yourself.
1. Know your types of gold
The price of gold is determined by the karat and weight of the metal. The term "karat" (k) refers to the purity or fineness of gold and is a unit of measurement. The higher the number, the purer the gold as it combines with fewer other metals than the lower number.
- The fineness of 1000 percent pure gold
- 22 carat or 0.9166 fineness: 91.5% pure gold combined with other metals (e.g. copper)
- 18k or .750 fineness: 75 percent pure gold
- 24k or 1000% pure gold mixed with other metals (e.g. copper)
In general, pure gold (24k 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 mixed with it.
2. Choose your jewelry
The carat and weight of the item, as well as its price, vary depending on the type of accessory: earrings, necklace, ring, bracelet, etc. The jewelry seller weighs the jewelry you have chosen to determine the price.
3. Negotiate
This is where all your study of the latest gold market prices in Dubai can pay off. It's not a problem if you haven't made sure beforehand. Most gold traders have real-time updates available so keep an eye out for them. You don't have to worry about being misled about the true value of your gold as gold shops in Dubai strictly adhere to fees that are the same for all sellers. If they try to trick you and you report them, the Dubai police will keep a close eye on these businesses and their businesses may suffer from your report.
Also keep in mind that more complex designs will result in a higher manufacturing fee. You should be prepared to negotiate a lower manufacturing fee for your jewelry. The more jewelry you buy, the more chance you have of getting a good deal.
4. Ask for authentication
After you've agreed on a price, be sure to include the following in your order: Vendors must provide authentication certificates upon request, which they must sign. This document lists the karat of gold used, the weight of the gold and the finished piece of jewelry, and the weight of any additional stones used in the jewelry, as well as the cost involved in making the item. If you have this documentation, you can validate and evaluate your article worldwide.
Where to buy gold in Dubai?
Below are some of the most popular places to buy gold, gems and jewelry in Dubai:
Deira Gold Souk – Altes Dubai
Al Ras is a neighborhood in Dubai. The Deira Gold Souk, in the heart of Old Dubai, is one of the most historic and traditional souks in the country. With rows of more than 300 gold and jewelery shops, consumers can choose from a wide range of items while still enjoying the genuine old-fashioned atmosphere of Dubai. As it is a popular destination, there are several coaches and public transport in the area.
Gold and Diamond Park
Al Quoz 3, Dubai is the location. Gold and Diamonds Park is an indoor, air-conditioned shopping center dedicated solely to the purchase and display of gold and diamond (and other precious stone) jewelry. There are over 70 companies to choose from, so you're sure to find something that suits your needs. And if you're looking for something a little more unique and personal, there are talented artisans who can create exactly what you're looking for.
Gold-Souk-Mall in Dubai
The Dubai Mall is the location of this event. The Gold Souk calls for a more modern indoor shopping experience with a historical and arabesque vibe, as opposed to the traditional outdoor shopping experience. The shopping attraction, located in the city's largest mall, is a popular spot for those looking to shop for gold, jewelry, gems, fragrances, and high-end clothing.
damiani
The Dubai Mall is the location of this event. This excellent Italian brand is only available in one place in the United Arab Emirates. As well as their great and unusual selection of gold, gemstones and jewellery, they also have a range of high end watches to complement their offering.
women's jewellery
Location: Throughout the city of Dubai Those looking for a more exclusive shopping experience can find their branches in most malls in the United Arab Emirates. You can only expect the highest quality from Damas, as they have been active in the gold and jewelery industry for over 100 years. To combine your gold with valuable stones and decorations, you can choose from a wide range.
Joyalukkas
Location: Throughout Dubai, Joyalukkas are available in most of the city's malls, as well as in several large supermarkets such as Lulu. Shops range in size from huge, opulent boutiques to small independent retailers. Joyalukkas is the parent company of several gold and diamond companies.
Malabar gold and diamonds
Location: Across the city of Dubai You can choose from more than 127 styles in its jewelry collection for men, women and children, available at each of 23 locations in Dubai.
They also offer a gold market rate tracker specializing in gold on their website.
How to sell gold in Dubai
Find out everything you need to know to turn your gold into cash in this article.
Know your gold type
Gold bought in the United Arab Emirates is often valued at a significantly higher market price than gold bought in other countries, such as India, which suffers from high taxes on gold bought in that country. Often 22k gold bought in India can only be sold at a price equivalent to 18k gold. The weight, place of origin and purity of your gold determine the value of your gold. Rest assured that labor costs involved in creating your jewelry design will not be reimbursed.
documents you need
The invoice or the certificate of authenticity of your gold piece and some form of identification (original passport or official ID) are required.
Selling price of gold in the market
If you are interested in selling your scrap gold, keep an eye on fluctuating market values as these can affect your decision. Make a plan to sell your stuff when the price of gold increases significantly.
Check out many shops
Find out how much one business is willing to pay for their gold and how much another business is willing to pay for their gold so you can get the best price for your item.
Where to sell gold in Dubai
However, contrary to popular belief, selling gold in Dubai is not a complicated process. Here are several places where you can sell your gold for cash.
Deira Gold Souk – Altes Dubai
Al Ras is a neighborhood in Dubai. The Gold Souk in Old Dubai is one place you can't go wrong. The vast majority of stores buy used gold, and there are hundreds of them. Just keep an eye out for establishments that have signs in their windows saying they buy gold.
Souk al Fahidi
Meena Bazaar In Bur Dubai, Dubai is the location of this event. The business district offers visitors a glimpse of Dubai's traditional culture. The market is a busy and bustling place with vendors selling things from South Asia. Used gold can be sold here; However, it should be noted that this is a stop for consumers with great bargaining power and caution in their purchases.
- gold price
- Dubai-Gold
- buy gold
- sell gold
- These are some of the terms used to describe gold.
recommended for you
The last post was made on May 13, 2013 at 10:44 p.m. What if I have several pieces that are missing stones and one that I just don't like or is no longer used? Can I sell them in one of the shops in the DM Souk? It's a huge souk and difficult to go door to door. Does anyone know the name of a specific store? AUNT! Log in to the forum and start posting new content. The last post was created on August 17, 2021 at 00:00. I sold gold and diamonds at the Dubai Mall Souk and at Cara in Gold and Diamond Park.
- However, when I went to the store in Dubai Mall, they made a duplicate of my passport.
- I am looking for a suitable place to sell a used Cartier Juste un Clou bracelet in white gold.
- The last post was made on August 16, 2021 at 11:56 p.m.
- I have never received a receipt for anything.
- Experiment with a few different options.
- The last post was created on January 18, 2017 at 13:07.
- Other shops in GOLD SOUQ/BUR DUBAI should never be tried.
Although you will receive AED 5-10 less than the current market price, you will be paid after checking the condition of the product.
The last post was made on May 29, 2013 at 9:22 p.m.
The last post was made on May 14, 2013 at 2:24 p.m.
I had stuffed everything into a ziplock plastic bag and was hoping to pull out a few hundred dihrams, but I was wrong.
She was content to the limit.
Cara gave you the most recent gold price for the day, and I think it was particularly high at the time of the sale, so it might be worth keeping an eye on it for yourself and deciding when the best time to sell is.
Exactly.
The last post was made on May 14, 2013 at 09:35.
I had stuffed everything into a ziplock plastic bag and was hoping to pull out a few hundred dihrams, but I was wrong.
She was content to the limit.
Cara gave you the most recent gold price for the day, and I think it was particularly high at the time of the sale, so it might be worth keeping an eye on it for yourself and deciding when the best time to sell is.
The last post was made on May 14, 2013 at 9:29 am.
I have never received a receipt for anything.
Be sure to do your research before selling as I was offered a different price at every place I visited!
You can sell your gold at any store as long as you have a receipt; But if you know your jeweler or bought the item from the store where you sell it, you may be able to sell your gold without a receipt.
The last post was made on May 14, 2013 at 08:23.
It is ideal if you have a receipt proving that you are the rightful owner of the gold.
The last post was made on May 14, 2013 at 05:07.
While I have no first hand experience, I have noticed signs in several store windows saying they buy old gold. The last post was made on May 14, 2013 at 05:03. Log in to the forum and start posting new content.
Best Gold Shop, Selling Gold for Cash, Scrap Gold Buyers in Dubai, UAE
The last post was made on May 13, 2013 at 22:44 UTC. Can I sell some of my jewelry that is missing stones and one that I just don't like or wear at a shop within the DM Souk? It's a great souk for door to door so does anyone know the name of a specific shop? AUNT! Create a new forum thread by logging into your account. The last post was created on August 17, 2021 at 00:00 (UTC). I made a profit selling gold and silver at the Dubai Mall souk and at the Cara in Gold and Diamond Park.
- However, at the store in Dubai Mall, they took a photo of my passport.
- I am selling a used Cartier Juste un Clou bracelet in white gold at a reasonable price.
- The last post was made on August 16, 2021 at 11:56 p.m.
- I have never received a receipt for anything in my life.
- Various options should be considered.
- The last post was created on January 18, 2017 at 13:07.
- Other shops in GOLD SOUQ/BUR DUBAI should never be tried.
Although you will receive AED 5-10 less than the current market price, you will be paid after checking the quality of the goods.
The last post was made on May 29, 2013 at 9:22 p.m.
on May 14th of the year 13:24 (last post).
I had stuffed everything into a ziplock plastic bag and was hoping to pull out a few hundred dihrams.
He received almost fourteen thousand dollars!
Most of the items had been given to him as a teenager living in Bahrain and he had no receipt for most of them.
So I cleaned my own gold jewelry and I want to do the same soon!
We buy ourselves some time.
I had stuffed everything into a ziplock plastic bag and was hoping to pull out a few hundred dihrams.
He received almost fourteen thousand dollars!
Most of the items had been given to him as a teenager living in Bahrain and he had no receipt for most of them.
So I cleaned my own gold jewelry and I want to do the same soon!
I made a profit selling gold and silver at the Dubai Mall souk and at the Cara in Gold and Diamond Park.
However, at the store in Dubai Mall, they took a photo of my passport.
14 May 2013 20:52 last post You can sell your gold in any shop as long as you have a receipt; But if you know your jeweler or bought the item from the store where you're selling it, you might be able to sell it without a receipt.
May 14, 2013 8:23 PM, last post My previous sales in the souk included gold jewellery.
To report things to the CID they need a copy of your passport/EID and your contact information.
on May 14, 2013 at 05:07. Although I have no first hand experience, I have noticed signs on some of the shop windows saying they buy old gold. on May 14, 2013 at 5:03 AM M. Create a new forum thread by logging into your account.
collections
2.5G Suisse Gold Bar 9999AED602.1210 Gram Gold Coin 24K(999.9)AED2.322.978 24K(999.9)AED1.861.544 24K(999.9)AED1.861.544 Gold Coin 22K(916)AED222.18VATNEW1 Gram Gold Coin 947.AED222.18VATNEW1 Gram Gold Coin 947.AED1.AED92.47.AED1.AED92.47.AED1.AED92.47.AED1.AED92.47.AED1.AED92.47.AED1.AED92.47.AED1.AED92 Gram Gold Coin (916)AED222.18VATNEWCoin 1 Gram 24K Gold PAMP SWITZERLAND GOLD BAR 9999AED7,8MP 246.8 SWISSE Oz.8 BARRA DE ORO 9999AED7,246.881/2 Oz PAMP SUISSE BARRA DE ORO 9999.ED0010DEG LÍSSE ORO LÍSSE SUISSE PAMPNE9A9A Pamp SUISSE2 Suisse Gold 351.685G 9999AED2.351.685G Goldgold Pamp Suisse 9999AED1.189.681G 9999AED1.189.681G Goldgold Pump Switzerland 9999AED255.40 (255.40AED = 255.40AED)
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6 Tips for Buying Gold in Deira's Gold Souk
When in Dubai, you can't help but visit the gold markets, which are dotted around the city. This is a well-known tourist spot in the emirate and one of the most visited. Finally, this city is known for its involvement in the gold trade. With practically endless shops in the neighborhood, you might be wondering which are the best places to visit for shopping. Deira Gold Soukin Old Dubai is a place where you can't go wrong. Tour buses (you can book a bus tour here) make frequent stops in this region due to the many gold choices available and the way the area has been designed to accommodate visitors.
Who wouldn't be drawn to the sight of gold lining the halls from one hall to the next, just for the sake of it?
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one of the main entrances to the Gold Market where you can do your window shopping first
How to Buy Gold in Dubai Gold Market
If you are considering buying gold, here are some tips to help you understand how the process works. Take a look at the guide below.
1. Know the market price.
The price of gold fluctuates daily, just like the stock price. Consequently, it is wise to be aware of what is now being sold on the open market. This is perhaps the most important point to consider before buying gold from the Deira Gold Souk, in addition to your overall understanding of gold. You can bargain with the traders if you know the market prices. TheDubai Retail Gold Rate is a fantastic place to start your research on Dubai gold prices.
Choose your favourite!
2. Know the types of gold and choose your karat.
As with any other purchase, it is very beneficial to do your homework before you buy anything. Gold is sold in both karat and grams. The higher the karat number, the purer the gold is considered to be. This means that a 24k gold piece 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 composite compound. In addition, gold is available in a variety of shades that indicate the type of alloy and the proportion of alloys combined with it.
3. Choose your jewelry.
After choosing an accessory, such as a gold ring, bracelet, necklace, or pair of earrings, find out the karat and weight of the item you wish to purchase. The selected pieces are weighed by the assistants. TRIVIA: The Deira Gold Souk is the site of the largest ring in the world. A rather impressive trophy from the Guinness Book of Records is on display in one of the shops. Located at Gate 1 of the Dubai Gold Souk, it is easy to find. When in the Deira Gold Souk you are spoiled for choice.
Gold bracelets
4. Learn to haggle.
As you shop, you'll learn how to haggle with the many traders you may encounter. You can bet sellers will expect you to haggle so they have price reserves when you do. You might get lucky if you try to negotiate a 25 percent discount off the list price. Similarly, try to negotiate a price that is also within your budget range. However, be prepared to walk away if you can't find a compromise. Some dealers will ask you how much you are willing to pay just to sell a single piece.
- RATE: Check the gold rate per carat by looking at the prices listed on the outside of the building. These are real-time updates based on how much gold is selling per carat at the time of writing. You can be assured that gold reserves are scarce and always in sync with the current gold price. Because they are under constant surveillance by Dubai police. If a consumer reports that they have been deceived, the owners' businesses are at risk. As a result, you can assume that the price of gold is the same in all trades. MAKE: This is the labor cost that went into making the jewelry you purchased. The manufacturing fee increases in direct proportion to the complexity of the design. However, as multiple stores often sell the same pieces/designs, you can usually haggle here and try to negotiate a lower MAKE price.
- However, this is not always the case.
There are many gold price ranges on the market and you won't be able to ignore them! The higher the quantity you buy, the higher the amount you can trade. However, remember that the more complicated the design of the piece you are buying, the more difficult it becomes to haggle for the lowest price you want. Because gold is sold by the karat and weight, you can only negotiate the amount of labor that went into the creation of the piece.
5. Go through different shops.
Shop around for a piece before making a decision. Most stores carry the same items; The only difference between them is the price, which is determined by your negotiation skills. There are hundreds of stores to choose from. Another point to remember is that shops in nooks and crannies (as opposed to those that are generally accessible) tend to offer lower prices since there are fewer pedestrians in these locations. Therefore, it is preferable to shop in the narrower streets of the souk to discover better deals.
Make sure you stay close to shops where the quality of the gold sold is tightly regulated by the authorities.
This is a common question they get asked, so don't be shy about asking it.
In any case, their most common response is NO (of course).
6. Don't be stingy.
When trying to get the lowest interest rate possible, avoiding a heated debate can be beneficial. If you have already decided on an accessory but have not been able to negotiate the lowest price, you should either leave the store or accept the price as is. After all, if it's within your financial means, it shouldn't be a big problem, right? From time to time the seller may deduct a dirham or two from the price to show appreciation for your willingness to buy.
As soon as the staff realized that we were no longer bargaining, they immediately reduced the price of our item.
According to tradition, Indian and Iranian traders settled in the Deira district in ancient times.
In today's world, the Deira Gold Souk is known for selling gold at a lower price than its adjacent venues, which is one of the reasons people travel to Dubai.
In the event that you do decide to buy gold, we hope the tips above will help you negotiate the best price and value for money.
Video: Visiting the gold market in an afternoon
Here is a short clip showing a visit to the gold market in Deira. Watch this video to get an idea of what it's like to be in the situation.
Photos: Deira Gold Souk
Take a look at some of the pictures we took during our visit to the Gold Souk Deira Market: Book a hop-on hop-off tour of Dubai here.
Opening hours of the Gold Souk and the nearest subway
Weekend opening times are from 10 a.m. to 5 p.m. M. to 10 p.m. M. from Saturday to Thursday and Friday from 4:00 p.m. to 6:00 p.m. at 10 p.m., except on public holidays.
how to get there
If you want to get there by public transport, you can take the Dubai Metro and get off at Al Ras Metro Station (Green Line). You can go away and just do some research about the gold market with those around you. You cannot miss it as it is a well-known tourist destination.
Google location map
By public transport, you can take the Dubai Metro and get off at Al Ras Metro Station (Green Line). It is possible to go out and just ask about the gold market. As a well-known tourist destination, you can't miss it!
cash for gold
If you are traveling by public transport, take the Dubai Metro and get off at Al Ras Metro Station (Green Line). You can go ahead and just ask about the gold market with everyone around you. You cannot miss it as 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 Do a Test If your materials aren't labeled, there are a variety of scientific methods for evaluating the purity of your gold, including some that can be done in the comfort of your own home.
- Rub your materials against an unglazed piece of porcelain to make them more visible. If this results in a black streak, your materials are not real gold, they are pyrite, a synthetic gold. If the stripe is gold, your products are real gold
- Otherwise they are not. Hold a magnet over the gold material you are working with. In this case, your materials are not pure gold because 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 visit us at GoldDiamond Park so we can provide you with a more accurate estimate of the purity of your gold materials. Please contact us.
Rub them with your supplies on a piece of unglazed china. It contains pyrite in its materials. So if you see a black streak, that indicates your materials are not real gold. They have gold colored materials when the vein is gold; otherwise they are made of fake gold. Putting a magnet on the gold material can help it stick better. In this case your materials are not pure gold as gold itself is not magnetic; When attracted by the magnet, its materials are not pure gold.
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Buying gold in Dubai: Why is it so popular with expats? –
- Purity, Affordability, Variety, Price Stability, Bargain Opportunities and FAQs
Dubai is known as the "City of Gold" for various reasons. Not only does Dubai have an entire souk dedicated to the sale of gold, but the practice of buying gold in Dubai has long been popular, particularly among the expatriate population and visitors. Have you ever wondered why this particular emirate is preferred when it comes to buying this precious metal? There are a variety of reasons to invest in gold in Dubai. Today, MyBayut explores these factors to give you a better understanding of why buying gold is such a popular option and what to expect if you decide to make a purchase in the future.
5 REASONS TO BUY GOLD IN DUBAI
When it comes to gold jewellery, Dubai has a lot to offer, whether you are looking for something simple to wear every day or something more luxurious.
There are a number of other factors that contribute to the popularity of buying gold in Dubai.
1. DUBAI GOLD IS PURE
Before you buy gold in Dubai, be sure to ask about the purity of the metal. When buying gold in Dubai you don't have to worry about the purity or quality of the jewelry you are buying. All items offered by jewelers are inspected by the government which ensures that all gold items sold in Dubai are genuine and of high quality. Additionally, it is essential that all jewelry companies in the city place a gold purity seal on all products they sell and they are required to provide it to their customers upon request.
It guarantees that every purchase can be validated and, if necessary, evaluated anywhere in the world.
2. GOLD IS CHEAPER IN DUBAI
Is gold cheaper in Dubai? The answer is yes if you ask is gold cheaper in Dubai. Get the most competitive gold prices in Dubai. Dubai has long benefited from its tax-free status. This is one of the main reasons why people choose to move to the city and why they choose to buy gold. Due to the lack of taxes in the emirate, gold prices in Dubai have always been lower than other parts of the world as customers only paid for the value of the gold jewelry purchased.
Tourists can also apply for a VAT refund in the United Arab Emirates on any purchases they make in the country.
In some countries, such as India, there are a variety of other taxes in addition to Value Added Tax (VAT), such as: For example, goods and services tax (GST) and excise taxes that are charged when buying gold jewelry are expensive.
3. YOU HAVE MORE CHOICES
The Deira Gold Souk in Dubai is a series of gold shops open 24 hours a day. Shopping in Dubai is considered utopian, not just for clothes and technology; It is also a paradise for gold lovers. If you want to buy gold in Dubai, you can choose from the city's most popular gold shops such as: B. Damas and Joy Alukas which are located in the city's commercial centers or you can visit the Deira Gold Souk one of the oldest traditional shops in the city and is lined with a number of jewelery shops.
4. GOLD PRICE IN DUBAI FOLLOWS INTERNATIONAL MARKET PRICES
Gold prices in Dubai are determined by international gold prices. Another aspect that contributes to the smooth running of the gold buying experience in Dubai is the low price of gold. Gold rates in Dubai are set in line with international gold rates to ensure prices are consistent across all retailers in the city. As international gold prices fluctuate just like stock exchanges, this offers gold buyers in Dubai the opportunity to take advantage of falling prices and buy gold at the lowest possible price.
Always check the current price of gold in Dubai before making a purchase and always check the price before selling.
5. YOU CAN NEGOTIATE GOLD MAKING FEES IN DUBAI
In Dubai's gold shops, you can haggle over prices to personalize your jewellery. Another factor that contributes to the affordability of gold in Dubai is the fact that you can negotiate a lower price for the manufacturing cost, ie. H. the fees charged for making jewelry. Gold jewelry making fees vary depending on the type of gold jewelry you buy and the retailer you buy it from. While haggling at the larger jewelry stores in the mall can be difficult, you won't have the same difficulties at the shops of the Dubai Gold Souk.
Frequently asked questions about buying gold in Dubai
If you're looking to buy gold jewelry, the Dubai Gold Souk is a great place to start your search. There are a number of gold shops selling a range of different designs and styles of gold jewelry. You can also visit one of the many malls in Dubai. Some of Dubai's most popular jewelry companies including Damas, Joyalukkas and others are represented in this area. You can also find quality personal accessories at the Gold and Diamond Park Mall, where you can shop for gemstones and jewelry, as well as silver, gold, and platinum jewelry and other items.
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