Today Gold Rate in Dubai per Gram 22k. The current price of 22 Karat Gold in the UAE = 145.18 Darham (AED). It is updated today on 15th June 2019.
Date24k22k21k18k14k10k24 Aug182.63.406.1 Aug180.160.905. Aug181.62.005.4 Aug179.960.04.8 Aug179.860.704.1 Aug172.854.400.9 Jul170.152.09.0 Jul170.752.602130.899.8 Jul170.352.29.5 Jul169.251.28.1 Jul170.752.69.0 Jul166.849.07. Jul167.649.87.1 Jul166.48.46.7 Jun168.650.68.9 Jun161.143.93. Jun160.243.23.5 Jun160.73.63.0 Jun159.32.4122.6.39807 Jun159.742.73.6 Jun159.142.22.4 Jun158.942.02.0 May154.337.9.7 May154.037.69.9 May153.136.89.1 May154.037.69. May153.537.29.5863.98403 May152.436.28.9 Apr154.17.79.8 Apr154.17.79.89364.208How and Where To Buy Gold In Dubai? When in Dubai it is almost impossible not to visit the Dubai Gold Souk.Gold Souk in Dubai is one of the emirate’s most popular tourist destinations known for its gold trade. With countless retailers around the market, you may wonder which areas you should visit for shopping, but you can never overlook the gold market in Dubai in the old Deira district.Tourist buses include regular travel to this area, but even if you do not plan to buy gold, Dubai Gold Souk should be seen when you are in Dubai, where gold line up from the corridor to the corridor in an eye-catching fashion.Gold Souk in Dubai is Dubai’s most popular market, but in any case it is not the only place to buy gold in Dubai.
If you do not want to try the market to buy there are many other (air-conditioned) places to shop. One of the best alternatives is the Gold and Diamond Park (near the First Gulf Bank Metro Station).Some tips for buying gold from Dubai Gold SoukIf you plan to buy gold, you will find some tips to help you understand how to deal with traders and make a purchase.1- Know the market price: Gold like stocks, its price fluctuates on a daily basis. So it is wise to know how much the world price is in open markets. Apart from your experience in gold, knowing the official price is probably the most important factor you should know before you start buying gold from Gold Souk in Dubai. By knowing the market price you will be able to bargain with the sellers. The retail price of gold in Dubai is a good starting point, as prices are quoted in UAE dirhams in the market for the current price.2- Knowing Gold Types: Like anything you want to buy, you should conduct your research for not paying much.
Gold is a pure carat, which means that 24 carat gold is 100% pure gold. It is important to know that pure gold is soft, so it is given hardness by mixing it with different metals such as silver and zinc. Copper and nickel in calculated and agreed proportions globally. The gold comes in different colors, which explains the type of alloy mixed with it.3- Choose your Gold jewelry: Once you know what type of ornaments you want, be it earring, bracelet, necklace, earring, chain or so on, you will ask for the carat grade and weight.
The dealer will answer you and then weigh the pieces you choose in front of you and calculate the price according to the official price. You can check4- Learn to bargain: Bargaining is an art and you will learn it after your tour between different shops. Sellers expect you to bargain so they have the final price value in anticipation. Trying to divest or bargain is 25% of the offered price, but be prepared to leave if you do not agree to a compromise.5- Go to different stores before buying: Before you purchase the desired item, you should know that most stores have the same pieces, and they may only vary in price based on your barter skills, and you have hundreds of retailers to choose from. Be sure to stick to purchases from large stores, where the quality of gold that is sold closely by the government is monitored, and it does not hurt to ask about the quality of gold from the owners of the shops.6- History tells us that in the old days, Indian and Iranian merchants set up shops in the Deira district, now a vast area in Dubai.
Today, the gold market in Dubai is known to have the cheapest prices compared to the surrounding areas. So when buying gold we hope that the above tips will help you bargain and get the best prices and keep your money.Dubai Gold Souk / Working Hours and Metro ClosestGold Souk in Deira is open from Saturday to Thursday from 10 am to 10 pm on Fridays from 4 pm to 10 pm.To get there by public transport, you can take the Dubai Metro train and stop at Al Ras Metro Station (Green Line).
You can go out and ask only about the gold market, and even if you do not want to buy gold you can not miss visiting the gold market in Dubai for being a popular and fun tourist area for a unique tour.
If you are an Indian and have been staying in Dubai or any other foreign country for a year or more then you can bring back up to 20 grams of gold jewellery (not valuing more than Rs.50,000) to India as a duty free allowance. The duty free limit of 20 grams gold jewellery is for males while women are allowed double the limit and can bring up to 40 grams of gold jewellery (not valuing more than Rs.1,00,000).
This duty free allowance on gold is strictly applicable on jewellery and not on gold coins, gold biscuits or gold in any other form.You are further allowed to bring upto 1 kilogram of gold to India by paying a customs duty of 10.30% of the imported gold value but to be eligible for this your stay in the foreign country has to be a minimum of 6 months. Under this exemption you can bring in gold jewellery, gold coins and biscuits as well.If your stay in the foreign country is less than 6 months then on arrival in India you have to pay a flat duty of 36.05% for any amount of gold you carry with you and which has been purchased in the foreign country. The reason for gold being cheap in Dubai than in India is simply due to the difference in taxation policies of the two countries. There is no import duty on gold in Dubai where-as there's a minimum of 10% import duty on gold in India. Additionally, a buyer in India has to pay 3% GST (Goods and Services Tax) on gold purchase which further increase the actual buying cost.Gold rate in India is mainly driven by demand and supply of gold as we Indians generally prefer buying gold during festivals or marriage season as we consider it to be auspicious. Dubai being a world famous shopping destination has tourist across the world visiting the place through the year who generally end up buying atleast some amount of gold in the form of jewellery or souvenir and hence the demand is high yet consistent.
The gold rate difference between Dubai and India is generally between 10% to 13%.