Dubai is known to be a paradise for shoppers, especially those who are looking for gold jewellery. The city is renowned for its gold souks and it’s no secret that Dubai has some of the best gold prices in the world.
If you’re planning to buy gold jewellery in Dubai, then you might be wondering about the cost. In this article, we’ll take a closer look at how much gold jewellery costs in Dubai.
Factors That Determine Gold Jewellery Prices
Before we discuss the actual cost of gold jewellery in Dubai, it’s important to understand what factors affect the price of gold. Here are some of them:
- Gold Purity: The purity of gold is measured in carats. The higher the carat value, the more expensive the gold will be.
- Weight: The weight of the jewellery piece is also an important factor in determining its price. Generally, heavier pieces are more expensive.
- Design: Intricate designs and patterns can significantly increase the price of a piece of jewellery.
- Brand: Some brands are more expensive than others due to their reputation and quality.
The Cost Of Gold Jewellery In Dubai
Now that we know what factors affect the price of gold jewellery, let’s take a look at how much it actually costs in Dubai.
The current price of 24k gold per gram in Dubai is around AED 225 ($61 USD), while 22k gold is priced at approximately AED 210 ($57 USD) per gram.
However, keep in mind that this is just the cost of raw materials and doesn’t include any additional costs such as design or craftsmanship fees.
The final cost of a piece of gold jewellery in Dubai depends on the design, weight, and purity of the gold used. On average, a simple 18k gold chain can cost anywhere between AED 500 to AED 1,500 ($136 to $408 USD), while a more intricate necklace or bracelet can range from AED 2,000 to AED 10,000 ($544 to $2,722 USD) or even more.
Tips For Buying Gold Jewellery In Dubai
If you’re planning to buy gold jewellery in Dubai, here are some tips to keep in mind:
- Research: Research different shops and compare prices before making a purchase.
- Bargain: Haggling is common practice in Dubai’s markets. Don’t be afraid to negotiate the price.
- Check For Hallmarks: Make sure that the piece of jewellery you’re buying has a hallmark indicating its purity.
- Buy From Reputable Shops: Stick to shops that have a good reputation and are well-known for their quality products.
In Conclusion
Dubai is a great place to buy gold jewellery due to its competitive prices and wide selection. However, it’s important to understand what factors affect the price of gold and do your research before making a purchase. By following these tips, you can ensure that you get the best value for your money when buying gold jewellery in Dubai.