Gold Rate in Dubai

Last updated on April 25th, 2024

Dubai is the world’s most famous for its luxuries, modern architecture, and tourism. Gold rates in Dubai change regularly. People around the world visit Burj Khalifa and cherish themselves with lively nightlife scenes of Dubai.

Prices you can check at thegoldlive.com are 24K, 22K, 21K, 18K and 14K gold price in Dubai in Tola, Gram, and Ounce.

1 Tola Gold Price in Dubai

See gold prices here. This table shows the price in Tola. With it, you can also check the rate of 1 US Dollar to Dubai currency. Moreover, this table also offers today’s highest price of Gold and today the lowest price of Gold in your country.

Showing GOLD Price of AE in Tola
The Price Right Now 3,203.54
Price on Yesterday 3,192.66
Price Change Today+11.00 (+0.3%)
Today's High Price 3,207.93
Today's Low Price 3,174.75
Today's Price Fluctuation 33.20
Market Volatility Status High

GOLD Rate of AE in Tola
24K 3,203.62
23K 3,070.13
22K 2,936.65
21K 2,803.17
18K 2,402.71
14K 1,868.78
10K 1,334.84
9K 1,201.36
8K 1,067.87
6K 800.90

1 Gram Gold Price in Dubai

So this table shows the gold rate in Dubai in Gram. If you want to buy gold In grams you must see the price first.

Showing GOLD Price of AE in Gram
Ounce 8,545.20
Gram 274.73
Kilo 274,734.06
Tola 3,204.45
Baht 4,041.45
Grain 17.80
Ratti 50.00

GOLD Rate of AE in Gram
The Price Right Now 274.65
Price on Yesterday 273.72
Price Change Today+1.01 (+0.3%)
Today's High Price 275.03
Today's Low Price 272.18
Today's Price Fluctuation 2.84
Market Volatility Status High

1-Ounce Gold Price in Dubai

This table shows the gold price in Dubai per Ounce in AED. You can also see the AED to USD price today in the below table.

Showing GOLD Price of AE in Ounce
The Price Right Now 8,542.76
Price on Yesterday 8,513.76
Price Change Today+28.80 (+0.3%)
Today's High Price 8,554.48
Today's Low Price 8,466.00
Today's Price Fluctuation 88.50
Market Volatility Status High

GOLD Rate of AE in Ounce
24K 8,542.59
23K 8,186.65
22K 7,830.71
21K 7,474.77
18K 6,406.95
14K 4,983.18
10K 3,559.41
9K 3,203.47
8K 2,847.53
6K 2,135.65

All these tables show 24k gold prices in Dubai. these are accurate results and you can rely on them for investment purposes too.

Dubai is a city in the United Arab Emirates. Dubai, as we know, is famous for many things, one of them is the” City of gold”. Yes, you hear it right, and the gold price in Dubai is very economical. You should always check the gold rate today before buying it.

Why is Gold cheaper in Dubai?

As you know that Dubai is a City of gold, the gold price here is also very low. Here would be a question in your mind that why it’s so?. Let us explain with some solid reasons.

Exclusion of Taxes

Firstly, Tax imposition on any product or service directly affects its price. But here in Dubai, the main reason why people love to live here is that facility. So there is no tax imposition on Gold here in the Dubai gold market, which means you only have to pay its original amount to buy. 

Although a very low tax duty was imposed in 2018 as VAT (Value Added Tax), that was only 5%. But tourists in UAE have the facility to claim a refund for each and every purchase they have made here. That’s also very interesting.

VAT- Value Added Tax

Secondly, VAT is the only tax imposed in Dubai on purchasing gold jewellery. Moreover, more than one tax is applied in other countries like Pakistan and India, like excise duty tax and service tax. In Addition to this, Jewellery making charges in Dubai are fixed to per gram, and these charges are very less.

Chairman of Dubai Gold and Jewellery Group Tawhid Abdulla explains, “The retail price is calculated based on the ounce rate for gold in the international markets and published in local currency to ensure uniformity and transparency.”

So that’s the reason why the Gold rate in Dubai is cheaper, and that’s why gold prices fluctuation doesn’t affect the jewellery making charges anyways.

Gold Shops in Dubai

Gold rate in Dubai-Gold shops in Dubai
Gold rate in Dubai

As Dubai is known as the City of Gold, here you can find top Gold jewellery brands like Damas Jewellers, ARY Jewellers, Malabar gold Dubai, and Joyalukkas. These brands are not only famous in Dubai but in Kuwait too. These famous brands are situated under one single roof, known as Dubai Gold Souk.

Damas Jewellers Dubai

Address: FF272A, First floor, Fashion Avenue, Dubai mall · Near the Burj Khalifa 

Phone:  +971 4 324 5978

E-MAIL: [email protected]

ARY Jewellers Dubai

ARY Jewellers is a Pakistani Brand working in Dubai. See the gold price in Pakistan.

Address: Street # 45B – Al Karama – Dubai – United Arab Emirates

Phone: +971 4 335 2754

Email: [email protected]

Web: www.aryjewellers.com.pk

Malabar Gold Dubai

Address: Gold & Diamonds, Level 2, Lulu Hypermarket, Al Barsha- 90320, Dubai.

Phone : +971 43250916

Mobile : 0501897795

Email : [email protected]

Joyalukkas Jewellers Dubai

Address: Dubai Gold Centre – Deira – Al Ras – Dubai – United Arab Emirates

Phone: +971 4 225 0330

Don’t forget to check the online gold rate in Dubai before buying jewellery to get an idea about the gold prices.

FAQ’s

How many Jewellery shops are in Dubai?

Ismail Abdulla Almass, head of the product quality control unit at Dubai Central Laboratory, said there are 804 jewellery stores registered in Dubai.

Who is the first women gold inspector of Dubai?

Maryam Mohammad Al Hammadi, the first woman gold inspector of Dubai to check the calibration of a gold weighing machine as part of the inspection process.

Which symbol is used to represent gold quality in Dubai?

(K) Karat is the symbol used for representing the purity/quality of gold. Like 24K, 22K, 18K.
22 karat carries a Hallmark of 916.

How do retailers set the Gold price in Dubai?

According to Tawhid Abdulla, Chairman of Dubai Gold and Jewellery Group, it’s the group that suggests the price for retail gold jewellery in Dubai. This is given to the Group’s 450 members who make up 80 per cent of gold and jewellery traders in Dubai. “The price is set as per the mandates set by the Department of Consumer Protection at the Dubai Economic Department.”

What’s the insurance cost of gold in Dubai?

Well, we know that it is always expensive to insure precious things like gold. But in Dubai, you can say goodbye to this expense. As the tax on import of any kind of product is low and on gold is next to no, we can import from over the world with minimal charges. https://www.mashreqbank.com/en/uae/gold/solutions/wealth-solutions/insurance. you can see this insurance company in UAE and will know the exact insurance rate for your gold and other precious equipment.

Which countries export gold jewellery to Dubai/UAE?

Well, here are some key countries including Turkey, Bahrain, Spain, India, Malaysia, Singapore, and Italy. they not only trade gold but, have healthy relations too.

Where we should buy gold Jewellery in Dubai?

Gold Souk Dubai is the most desirable place to buy any kind of gold rings, necklaces, earrings and many more. The other one is Gold and Diamond Park Mall, where you can buy all kinds of precious gold accessories. So you have these giant places to buy gold and, these are the reason why Dubai is famous for the gold trade.

With a lifelong passion for gold, I offer unmatched expertise in gold investing, mining, trends, prices predictions, and more. My journey began in my youth, driven by a fascination for precious metals and their history. Over time, I developed profound knowledge across various aspects of the gold industry, from market trends to geopolitical influences on prices, making my insights invaluable.