Tips for South Asians: Buying Gold in Dubai, UAE.

UAE is famous for her gold markets. Collections of the gold souks are really mind blowing. If you spend little time and do some homework then you can end up doing good shopping.

I went to UAE and stayed there in April and May 2011 for implementation of our Health Care ERP. During the tour I visited some of the most interesting parts of Dubai, Sharjah and Ajman.

Writer in front of the world`s biggest gold ring in Deira, Dubai.

Me in front of world`s biggest gold ring(Certified by Guinness Book of the World Records) in Gold Souk, Dubai.

Here I am sharing some tips if you are planning to visit Dubai to buy some gold.

Buying Gold for the shoppers from Indian Sub-Continent (Specially those from India, Bangladesh, Pakistan, Sri Lanka, Nepal etc) can be little confusing as we are used to of measuring gold in ‘Vori’, ‘Tola’ etc. I have never had any idea about them but when I needed to compare the price I had to learn what they are.

Buying gold in Dubai is really profitable because the gold is pure. It is at least 10% cheaper than the rate in Bangladesh. You can find variety and designs that is almost impossible to find anywhere in the sub-continent. Shoppers will find beautiful designs not only from the European designers but also from south-India, Kolkata, China, South-East Asia and of course different countries of Arab. If you are in a bit of tough budgeting, never even think about taking your girlfriend or wife there.

  • Gold markets are called Gold Souk. Because Souk is the Arabic of Market!
  • There are number of gold souks in Dubai and one big one in Sharjah. But the biggest gold souk is in Deira, Dubai. It is also the cheapest.
  • They sell gold in grams. Mind it 11.1 grams= 1 Vari (Vori).
  • There are different types of golds such as 24k, 22k, 18k etc.
  • You can hardly find ornaments of 24k gold. Most of the stores sell 24k gold only in Biskits that you can take home with you and then make whatever you want to.
  • The price remains same for all types of gold. However, making-cost differs. And this is where you can do hard bargaining.
  • You can pre-determine the price by checking online like in the following links: here and here and etc.
  • For example today I found that price of 22carat gold is AED 170.75. That means 1 Vori would be AED (170.75*11.1) = AED 1895.325 or (1895.325*20.25)= 38380 BDT.
  • This is relatively very cheap as now-a-days gold is almost BDT 43000 per vori in Bangladesh and there is no guarantee of pureness.
  • You can find all types of ornaments. But neckless with at least 50gm are good. But there is neckless of only 10gms available as well.
  • White gold is another good attraction. They are mostly decorated with diamonds.
  • Most of the ornaments of white gold are made of 18k gold but because of the diamonds that they come with are almost always costly. But you have to do really good bargain.
I hope the information would be useful for you. Do proper research if you are planning to go to Dubai to buy some gold.
Advertisements

47 thoughts on “Tips for South Asians: Buying Gold in Dubai, UAE.

  1. Pingback: gold rate comparison india and dubai - ALL JEWELRY DESIGN – ALL JEWELRY DESIGN

  2. Pingback: compare gold rates in india and dubai - ALL JEWELRY DESIGN – ALL JEWELRY DESIGN

  3. Pingback: gold vori in bangladesh 2011 - JEWELRY DESIGNS – JEWELRY DESIGNS

  4. Hi Faysal, how do I go about determining how much to pay for workmanship? I know how to calculate gold value, but what is generally accepted workmanship price for a chain, pendant, bracelet etc?

    • Price for craftsmanship varies. Making charge for Ornaments made in West i.e. Italy is almost double of those made in India.

      It is very usual to start from half even less of asking price as making charge during bargain.

  5. Hi Faisal.. I have a friend in Dubai today – who can buy gold for me. However I checked the rate on the links you provided is AED 202.75 one Vori. which means (11.1gram – 202.75*11.1 = AED 2250) and if I covert to India rupee from AED it turns to be IND 31507. I asked my family in India the rate in India is IND 29000 approx for 24k./ Do you think I have calculated correctly or GOLD is cheaper in India today than Dubai.

    Please suggest if Dubai is still cheaper to Bargain than India – no bargain.
    please also suggest which shop best to go in gold souk as my friend isthere tomorrw only for a day.
    thanks
    anita

    • In india, The Gold is 10 Grams = 1 Vori and here you are getting 11.1 for 1 Vori. Hence you are making a profit of around Rs 2700 per Vori. 🙂

      • I am writing to you at this time to advertise the availability of our main product, alluvial gold and diamonds in bulk quantities. As we represent a large number of local surface mining, we are prepared to provide quantities of up to 400 kilograms of 24.karat alluvial gold monthly.
        Following is information concerning our product:
        Quantity: 400 kilograms available monthly
        P $38,000 per kilo
        Quality: 22. karat alluvial Au
        COMMODITY … … AU DUST
        PURITY ………. 97.87%
        QUANTITY … . 200 KILOS (1st DELIVERY)
        ORIGIN … .. GHANA
        DELIVERY … WITHING 5 WORKING DAY UPON RECEIPT OF SHIPPING FUND

        Assay reports provided by SGS Laboratories, Accra,
        Our firm is in possession of the Gold Export Certificate issued by the Government of the Republic of Ghana necessary to export gold from Ghana, thus we can provide service to any part of the world.
        We are prepared to offer the quantity of gold required to the Buyer [or their representative]

        best regards
        Mr Ansu Agyei
        Email…..gabinetgoldmining@gmail.com

    • Dear Sir/Madam,
      Could you please help me to sort a GOLD buyer who will be ready to buy my
      alluvial gold dust?

      Please see below the product specifications, as I am ready to offer you sales / representative commission percentage on every sales/supply made.
      You will test my goods before you make any payment

      PRODUCT: ALLUVIAL GOLD DUST
      QUALITY : 22 CARAT,
      PURITY : 93%+
      PRICE : PER KILO 40,000 USD
      Thanks, I await your quick reply at tunubuabdul83@yahoo.com

      TUNUBUA ABDUL

  6. I was ѕuggested this blоg thrоugh my сousіn. I'm nоw not сеrtaіn whеthеr or not thiѕ рut uр іs wrіttеn bу meаnѕ оf hіm as no оnе еlse rеcognіsе suсh рrecisе аpрrоximаtelу my problem. Yоu are wоnderful! Thаnk уou!

    • I am writing to you at this time to advertise the availability of our main product, alluvial gold and diamonds in bulk quantities. As we represent a large number of local surface mining, we are prepared to provide quantities of up to 400 kilograms of 24.karat alluvial gold monthly.
      Following is information concerning our product:
      Quantity: 400 kilograms available monthly
      P $38,000 per kilo
      Quality: 22. karat alluvial Au
      COMMODITY … … AU DUST
      PURITY ………. 97.87%
      QUANTITY … . 200 KILOS (1st DELIVERY)
      ORIGIN … .. GHANA
      DELIVERY … WITHING 5 WORKING DAY UPON RECEIPT OF SHIPPING FUND

      Assay reports provided by SGS Laboratories, Accra,
      Our firm is in possession of the Gold Export Certificate issued by the Government of the Republic of Ghana necessary to export gold from Ghana, thus we can provide service to any part of the world.
      We are prepared to offer the quantity of gold required to the Buyer [or their representative]

      best regards
      Mr Ansu Agyei
      Email…..gabinetgoldmining@gmail.com

    • Dear Sir/Madam,
      Could you please help me to sort a GOLD buyer who will be ready to buy my
      alluvial gold dust?

      Please see below the product specifications, as I am ready to offer you sales / representative commission percentage on every sales/supply made.
      You will test my goods before you make any payment

      PRODUCT: ALLUVIAL GOLD DUST
      QUALITY : 22 CARAT,
      PURITY : 93%+
      PRICE : PER KILO 40,000 USD
      Thanks, I await your quick reply at tunubuabdul83@yahoo.com

      TUNUBUA ABDUL

  7. Hi Faisal, nice to meet you.

    I need information on how to buy gold at a good price in Dubai. write to me at my e arvi@hotmail.es live in Spain, and I want to travel to Dubai.

    think you can help me?

    Thank you.

    • Dear Sir,

      we are the end sellers of Au metals Gold and Diamond in Guinea with
      branch office in Sierra Leone.
      Our company is reputable and registered in guinea and sierra leone
      with the ministry of mineral resources.
      We can supply reasonable quantity of gold and diamond on a monthly
      basis.We are not internet jokers,we sell below international prices
      based on our direct link with the local miners.
      kindly let us know your interest in buying our Gold and Diamond.

      Await your kind responds.

      Regards,

      Mr.diallo mouctar
      diallo.mouctar22@yahoo.com
      skype:diallo.mouctar22

    • I am writing to you at this time to advertise the availability of our main product, alluvial gold and diamonds in bulk quantities. As we represent a large number of local surface mining, we are prepared to provide quantities of up to 400 kilograms of 24.karat alluvial gold monthly.
      Following is information concerning our product:

      DIAMOND PROCEDURE

      D-E VVS1
      D-E VVS1/VS1
      F-G VVS1
      F-G VVS1
      G-H-I SI1
      H-I VVS1/SI1
      F-H-I VVS1/VVS 2
      F-G-H SI1
      G-H VS1
      G-H-I VS1
      G-I VVS1/VVS 2
      F-G-H VS1
      F-G SI1
      G SI1
      G-H VS1
      H SI1
      —————–
      VS1-VS2; D
      VVS2- VS2; E
      VS1-VS2; H
      VVS1- VVS2; IF
      VS1-VS2; D
      VVS1 – VS2; IF
      VVS1 – VVS1; G
      —————–

      G-H-I SI
      H-I VVSI/SI

      F-H-I VVS/VVSI

      we have more… we only deal real buyer not fake buyer.. Buyer need to come and inspect what he is buying .. This parcel produce in West Africa, viewing is in ghana .. We don’t deliver this parcel to any stranger.

      send us LOI or bring your buyer for conference …if you are buyer mandate you don;t need to be worried your buyer paying for your services, my seller paying for my work..

      I have enough releasing procedure most of the jokers brokers they cut and paste our information..

      i will be the one to screen your buyer whether he would meet our simple procedure or not. We don’t bend seller procedure.

      .GOLD PROCEDURE

      Following is information concerning our product:

      Quantity: 400 kilograms available monthly

      P $38,000 per kilo

      Quality: 22. karat alluvial Au

      COMMODITY … … AU DUST

      PURITY ………. 97.87%

      QUANTITY … . 200 KILOS (1st DELIVERY)

      ORIGIN … .. GHANA

      DELIVERY … WITHING 5 WORKING DAY UPON RECEIPT OF SHIPPING FUND

      Assay reports provided by SGS Laboratories, Accra,

      Our firm is in possession of the Gold Export Certificate issued by the Government of the Republic of Ghana necessary to export gold from Ghana, thus we can provide service to any part of the world.

      We are prepared to offer the quantity of gold required to the Buyer [or their representative] We are waiting to serve you better

      PROCEDURE

      1) Buyer pay 3% of the cost value to enable seller to finance the shipment to buyers refinery together with sellers agent and representative for the final test at the buyers destination. After the final test of the assay report then buyer have to pay the rest of the money within 48hours

      2) Seller and Buyer is entitle for 12 months contract. Buyer will issue SBLC as a guarantee to our financials to enable us know we are secure after we deliver to Buyers refinery seller is entitle to send his verbiage for the SBLC and if Buyer is satisfy with the sellers verbiage then Seller and Buyer can sign contract and start supplying

      3) Buyer can send his or her representative here in Ghana to inspect the product and test it to the buyers satisfaction. then Buyer pay to Seller within 72hours

      Please check this 3 options of our GOLD procedure and if you are okay with it we can move this business forward as partners and long term as well.

      Yours Truly
      Richardson

  8. Faisal great information Man, thanks. I travel to Pakistan from US side all the time and I didn’t know that buying Gold from Dubai could be a good income. I have bought and sold Gold in Pakistan from Dubai an that is been really good. Thanks

    • Dear Sir/Madam,
      Could you please help me to sort a GOLD buyer who will be ready to buy my
      alluvial gold dust?

      Please see below the product specifications, as I am ready to offer you sales / representative commission percentage on every sales/supply made.
      You will test my goods before you make any payment

      PRODUCT: ALLUVIAL GOLD DUST
      QUALITY : 22 CARAT,
      PURITY : 93%+
      PRICE : PER KILO 40,000 USD
      Thanks, I await your quick reply at : tunubuabdul83@yahoo.com

      TUNUBUA ABDUL

  9. We inform you that we have currently in stock
    different countries of the gold dust:
    Burkina-over 50 kg
    -Ghana and 70 kg
    – Mali we have transferred to Ivory Coast for reasons
    Security between 30 kg. 96 to 98% purity. 22-carat quality.

    Please tell us if the quality or quantity you
    interested, so we can give you our fairest price.
    You will enjoy the lowest costs for the purchase of our gold.
    We will offer the best market.

    Pending you read, we present and Gentlemen, our
    Sincerely well.

    Marketing Moussa Koffi
    Tel: +22672771801
    Émail: wendikounidor@gmail.com
    Website: http://wendikounid-or.e-monsite.com
    http://www.facebook.com/profile.php?id=100003924145209

  10. Dear Sir/Madam, We are local miners from Tarkwa-Western Region of Ghana. we are reliable and dependable supplier for long term contract agreement with any company/individual that apply with us. Here is the specification below:- PRODUCTS: ……………….. GOLD DUST/ BAR QUANTITY:……………….. ..50KGS (TO BE SUPPLIED AS FIRST TRIAL) PURITY…………………… .92.5% (Pure Gold) QUALITY:…………………. 23.69k ORIGIN:………………….. … GHANA. PRICE PER KG……………$37,500 USD Payment Terms: The Buyer will pay 10% value of the Gold for the shipment and export documentation cost of the total value of the goods that will be delivered to his/her refinery, then seller will make all the local transit cost to agent office for the documentation before shipment. Meanwhile I have to inform you that the mining site belong to our royal family which necessitated you will meet every member of my family on the date and time of your arrival here in my country or you can let us ship the quantity you may ask us to have the contract with. kindly reply to enable us have your gesture in assisting us acquire a modern mining equipment that will boost our production. you can email me on yahoo :thomi_white@yahoo.com

    Thanks

    Regards,

  11. Its like you read my mind! You seem to know a lot about this,
    like you wrote the book in it or something. I
    think that you can do with some pics to drive the message home a little
    bit, but other than that, this is great blog. A great read.
    I’ll definitely be back.

    • I am writing to you at this time to advertise the availability of our main product, alluvial gold and diamonds in bulk quantities. As we represent a large number of local surface mining, we are prepared to provide quantities of up to 400 kilograms of 24.karat alluvial gold monthly.
      Following is information concerning our product:

      DIAMOND PROCEDURE

      D-E VVS1
      D-E VVS1/VS1
      F-G VVS1
      F-G VVS1
      G-H-I SI1
      H-I VVS1/SI1
      F-H-I VVS1/VVS 2
      F-G-H SI1
      G-H VS1
      G-H-I VS1
      G-I VVS1/VVS 2
      F-G-H VS1
      F-G SI1
      G SI1
      G-H VS1
      H SI1
      —————–
      VS1-VS2; D
      VVS2- VS2; E
      VS1-VS2; H
      VVS1- VVS2; IF
      VS1-VS2; D
      VVS1 – VS2; IF
      VVS1 – VVS1; G
      —————–

      G-H-I SI
      H-I VVSI/SI

      F-H-I VVS/VVSI

      we have more… we only deal real buyer not fake buyer.. Buyer need to come and inspect what he is buying .. This parcel produce in West Africa, viewing is in ghana .. We don’t deliver this parcel to any stranger.

      send us LOI or bring your buyer for conference …if you are buyer mandate you don;t need to be worried your buyer paying for your services, my seller paying for my work..

      I have enough releasing procedure most of the jokers brokers they cut and paste our information..

      i will be the one to screen your buyer whether he would meet our simple procedure or not. We don’t bend seller procedure.

      .GOLD PROCEDURE

      Following is information concerning our product:

      Quantity: 400 kilograms available monthly

      P $38,000 per kilo

      Quality: 22. karat alluvial Au

      COMMODITY … … AU DUST

      PURITY ………. 97.87%

      QUANTITY … . 200 KILOS (1st DELIVERY)

      ORIGIN … .. GHANA

      DELIVERY … WITHING 5 WORKING DAY UPON RECEIPT OF SHIPPING FUND

      Assay reports provided by SGS Laboratories, Accra,

      Our firm is in possession of the Gold Export Certificate issued by the Government of the Republic of Ghana necessary to export gold from Ghana, thus we can provide service to any part of the world.

      We are prepared to offer the quantity of gold required to the Buyer [or their representative] We are waiting to serve you better

      PROCEDURE

      1) Buyer pay 3% of the cost value to enable seller to finance the shipment to buyers refinery together with sellers agent and representative for the final test at the buyers destination. After the final test of the assay report then buyer have to pay the rest of the money within 48hours

      2) Seller and Buyer is entitle for 12 months contract. Buyer will issue SBLC as a guarantee to our financials to enable us know we are secure after we deliver to Buyers refinery seller is entitle to send his verbiage for the SBLC and if Buyer is satisfy with the sellers verbiage then Seller and Buyer can sign contract and start supplying

      3) Buyer can send his or her representative here in Ghana to inspect the product and test it to the buyers satisfaction. then Buyer pay to Seller within 72hours

      Please check this 3 options of our GOLD procedure and if you are okay with it we can move this business forward as partners and long term as well.

      Yours Truly
      Richardson
      Email….gabinetgoldmining@gmail.com

  12. I am writing to you at this time to advertise the availability of our main product, alluvial gold and diamonds in bulk quantities. As we represent a large number of local surface mining, we are prepared to provide quantities of up to 400 kilograms of 24.karat alluvial gold monthly.
    Following is information concerning our product:
    Quantity: 400 kilograms available monthly
    P $38,000 per kilo
    Quality: 22. karat alluvial Au
    COMMODITY … … AU DUST
    PURITY ………. 97.87%
    QUANTITY … . 200 KILOS (1st DELIVERY)
    ORIGIN … .. GHANA
    DELIVERY … WITHING 5 WORKING DAY UPON RECEIPT OF SHIPPING FUND

    Assay reports provided by SGS Laboratories, Accra,
    Our firm is in possession of the Gold Export Certificate issued by the Government of the Republic of Ghana necessary to export gold from Ghana, thus we can provide service to any part of the world.
    We are prepared to offer the quantity of gold required to the Buyer [or their representative]

    best regards
    Mr Ansu Agyei
    Email…..gabinetgoldmining@gmail.com

  13. Good afternoon I contact you regarding gold
    powder. I am the manager of a trading company based Cotonou (Benin),
    West Africa and my company now with us a significant amount of dust
    22 carat gold and a purity of 96% to more than 98. We are looking for
    Buyers in Europe, Latin America, Asia and the Arab countries. If
    According to help us sell all gold dust
    also have their share of money at the end of the sale. Contact us for
    more details and if you have potential buyers. Contact: E-mail:
    monterokodjo2@yahoo.fr

    Tel: +22968043370 or 0022968043370

  14. im from pakistan, and i have some gold, i hve heard from someone that if i sell it in dubai it wud be profitable for me? is this true? i mean in Pakistan 1 TOLA Gold rate is around PKR: 61000, and 1 TOLAA Gold rate in Dubai in Pakistani rupees is around 1 LAC 64000..

  15. hi anybody know a price for a gram 18 or 24k today in dubai ??? i would like to visit dubai and bay some gold thanx for answers.

    • Dear Sir/Madam,
      Could you please help me to sort a GOLD buyer who will be ready to buy my
      alluvial gold dust?

      Please see below the product specifications, as I am ready to offer you sales / representative commission percentage on every sales/supply made.
      You will test my goods before you make any payment

      PRODUCT: ALLUVIAL GOLD DUST
      QUALITY : 22 CARAT,
      PURITY : 93%+
      PRICE : PER KILO 40,000 USD
      Thanks, I await your quick reply at tunubuabdul83@yahoo.com

      TUNUBUA ABDUL

  16. Dear Sir

    We are looking for a serious co operation

    Specifications
    Congo granite tile

    1.Size:30.5×30.5,40×40,60×60,etc
    2.Black,red,grey,yellow,white
    3.Top Quality,low price

    If you are interested in our products, pls feel free to contact us.

    We wish to establish mutually beneficial relationship with you.

    Best Regards

    Mr Kabongo Alain

    email potterchrist@yahoo.com

  17. Hello my name is Sai, I live United States. If I want to take 1 kilogram gold from Dubai to India how much amount I should pay for customs, if possible give answer for this question.

    Regards
    Sai

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s