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

Gold Rate UAE

Latest UAE Gold Prices News

The dollar index maintained its downward trend, declining 0.03 percent on Monday

Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies

U.S. consumer prices increased less than expected in April, which supported bullion

Decline in inflation indicators could bode well for the precious metal

Stagflationary risks in the U.S. continue to support gold prices

U.S. employment data supported gold prices, which rose over 2 percent by the end of last week

Softer U.S. jobless claims data contributed to the optimism surrounding gold

Hotter-than-expected U.S. inflation data could potentially drive gold prices down

China's central bank marked its 18th consecutive month of gold purchases in April

Gold prices have established a support base around the $2,280 mark over the past week

Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September

Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion

Powell's assurance that further rate hikes were off the table will help bullion

Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12

Gold lost 2.2 percent last week amidst easing tensions in the Middle East

Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters

Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December

Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges

Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year

Bullion loses safe-haven appeal amidst reduced geopolitical risks

Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment

Gold maintains safe-haven appeal despite Federal Reserve's stance on rates

Strong dollar and rising treasury yields impact gold's appeal

Low participation from U.S. investors bodes well for gold's rally