Question 1

What is the gold rate in UAE today for 24-karat, 22-karat, 21-karat and 18-karat?

Accepted Answer

As at [auto-pulled date], retail prices were AED xxx (24K), AED xxx (22K), AED xxx (21K) and AED xxx (18K) per gram, based on Dubai Gold & Jewellery Group’s bulletin.

Question 2

How often are UAE gold prices updated and who sets them?

Accepted Answer

Rates are issued twice daily (morning & evening) by the Dubai Gold & Jewellery Group, which tracks the London Gold Fix and AED–USD exchange rates.

Question 3

Why are gold prices usually cheaper in Dubai than many other countries?

Accepted Answer

Lower import duties, VAT rebates for tourists, and high bullion turnover keep premiums tight, so headline prices can be 5–7% below many Western markets.

Question 4

Is VAT included in the quoted Dubai gold price?

Accepted Answer

Yes—5% VAT is baked into the retail gram price, and tourists can claim a refund at the airport on eligible purchases.

Question 5

Can tourists take gold bought in Dubai back home, and what are the customs limits?

Accepted Answer

Most visitors can export up to 10 kg duty-free from the UAE, but your home country’s duty-free allowance (e.g., 40 g into India) still applies—always check local rules before flying.

Question 6

What is the difference between 24K, 22K, 21K and 18K gold?

Accepted Answer

Karat measures purity: 24K = 99.9%, 22K ≈ 91.6% (often stamped “916”), 21K ≈ 87.5%, 18K = 75%.

Question 7

How do jewellers calculate making charges in the UAE?

Accepted Answer

Making charges are a labour fee (AED/g or % of gold value); negotiate—5%–12% is typical for plain bangles, higher for intricate diamond pieces.

Question 8

What factors influence gold prices in the UAE?

Accepted Answer

Several key factors influence gold prices in the UAE:nnGlobal market trends: Gold prices are primarily driven by international market rates, which fluctuate based on global demand and supply dynamics. Events such as economic instability or geopolitical tensions can lead to increased demand for gold as a safe-haven asset.nnCurrency strength: The value of the U.S. dollar impacts gold prices, as gold is typically priced in dollars. A stronger dollar can lead to lower gold prices and vice versa.nnLocal demand: In the UAE, cultural factors and seasonal demand, particularly during festivals and weddings, can affect local gold prices. The UAE is known for its vibrant gold market, especially in places like the Gold Souk.nnTaxes and duties: The UAE has a relatively low tax regime for gold purchases, with only Value-Added Tax (VAT) applied, making it more attractive for buyers compared to other countries.

Question 9

How can I buy gold safely in Dubai?

Accepted Answer

To buy gold safely in Dubai, consider the following tips:nnChoose reputable dealers: Purchase gold from well-known retailers or the Dubai Gold Souk, where merchants are regulated and offer authentic products. Look for shops displaying the Dubai Jewellery Group (DJG) certification.nnCheck purity and hallmarks: Ensure the gold you buy has a hallmark indicating its purity (e.g., 24K for pure gold). You can also verify the Hallmark Unique Identification (HUID) code for authenticity.nnGet a certificate: Always request a digital certificate that details the gold's weight and purity. This serves as proof of authenticity and can be useful for resale.nnBe cautious online: If buying gold online, conduct thorough research to avoid scams. Verify the seller's reputation and check for customer reviews.

Type	Morning	Yesterday
Ounce	12,457.55	12,356.46
24K	400.50	397.25
22K	371.00	367.75
21K	355.75	352.75
18K	304.75	302.25

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