Dubai is renowned for its gold market and is considered one of the best places in the world to buy gold. But with so many options available, it can be challenging to choose the best gold. In this article, we will take a closer look at the different types of gold available in Dubai and help you decide which one is best suited for your needs.
Types of Gold
In Dubai, there are primarily two types of gold available: 18K and 22K. The ‘K’ stands for Karat, which is a unit used to measure the purity of gold. The higher the Karat, the purer the gold.
18K Gold
18K Gold contains 75% pure gold and 25% other metals like silver, copper, nickel or zinc. It is less expensive than 22K Gold because it has less pure gold content. However, it has a darker color due to its alloy composition and may not be suitable for those seeking a bright yellow color.
22K Gold
22K Gold contains 91.7% pure gold and 8.3% other metals like silver, copper or zinc. It has a bright yellow color that many people prefer and is more malleable than 18K Gold because it has a higher pure gold content.
Factors to Consider When Buying Gold in Dubai
When buying gold in Dubai, there are several factors that you should consider:
Purity of Gold
The purity of the gold you buy depends on your budget and preference. If you want something cheaper than pure gold but still look good on you then you may opt for 18K Gold whereas if you want something with high-purity level then go for 22k Gold.
Price of Gold
Gold prices in Dubai are determined by the global market rates and can vary from day to day. It is essential to compare prices from different shops before making a purchase to ensure that you are getting a fair deal.
Trustworthiness of the Shop
Dubai has many gold shops, and it is essential to buy from a reputable and trustworthy shop. Look for shops that have been in business for many years and have good customer reviews.
Conclusion
In conclusion, Dubai is an excellent place to buy gold as there are many options available at competitive prices. When deciding which gold to buy, consider your budget, purity of gold, price of gold, and the trustworthiness of the shop. Whether you choose 18K or 22K Gold, you can be assured that you will be buying a high-quality product that will last for years to come.
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