Dubai is the gold-trading capital of the world. The UAE city has the highest volume of gold trading in the region and one of the highest volumes of gold trading in the world. Dubai is therefore a popular destination for those looking to buy gold bars and jewellery. However, its affordable nature doesn’t only attract business buyers. Tourists account for a large portion of visitors to Dubai every year and many choose to purchase gold as well as gain an insight into one of the fastest-growing cities in the world. If you are a gold investor or want to get into it would be beneficial for you to expand your horizons and not only limit yourself to local opportunities. So take a break from your daily routine of checking gold prices today and let’s find out what makes Dubai such an attractive destination for gold investors.
Gold has a low tax rate in Dubai
Another thing worth noting is that there is no tax on gold in Dubai, so it’s already a good price before you even start bargaining for additional discounts. The city administration does not impose heavy taxes on the items sold so you don’t have to worry about losing out on money when buying jewellery. This makes it more attractive for consumers to purchase gold and take it back to their home country without any fear of having to pay a lot of money upon arrival at the airport
There is a Wide Selection of Jewellery Designs in Dubai
Shopping for gold in Dubai will not be difficult as there are many jewellery stores around the city where you can find a wide variety of designs and styles. Whether you want something contemporary or traditional jewellery, you will surely find it in Dubai. You can even have your design customised by skilled craftsmen who are experts at making fine jewellery. The city has been influenced by cultures from around the world due to its tourism industry and thus has some of the best jewellery designs from all over the world. Furthermore, many tourists also visit the city’s Gold Souk to buy jewellery that they like and take it back home as souvenirs. Hence, you will
Dubai is one of the few cities in the world that boasts high-quality gold. The gold found in Dubai is usually 24K which means that it does not contain any other metals such as silver or copper. 24K gold is pure and precious and thus Dubai’s gold jewellery is considered to be of high quality.
Safe to buy gold in Dubai
Buying gold in Dubai is safe as long as you stick with reputable shops and dealers and avoid the ones that try to sell their products on the street or in tourist areas such as Souk Madinat Jumeirah. You will also be happy to know that all gold jewellery in Dubai has a purity percentage stamped on it so you can easily tell what you are buying.
The Price of Gold in Dubai is Less Compared to Other Countries
When talking about the quality of gold, Dubai is renowned as one of the top destinations in the world. And thanks to the high concentration of retailers and strong competition, you can easily find gold jewellery at a reasonable price. In fact on some days when you match today’s gold rate Ongole or for any other city with the price of gold in Dubai you might find better deals over there. Check out this page for more info.