Dubai Diaries: How to Spot Good Gold Jewellery for Investment
Dubai, UAE: If you’re considering buying gold jewellery as an investment, knowing what to look for can make a significant difference.
In Dubai, where gold is both a cultural staple and a lucrative market, understanding the value of your purchases is crucial.
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To start, it’s important to monitor gold price trends. Prices fluctuate frequently, so timing your purchase during price dips can lead to better deals.
Currently, the price of 24K gold in Dubai is around Dh400 per gram, making it wise to buy when prices fall below this mark.
When shopping, always check for a hallmark, which indicates the purity of the gold. Common hallmarks include:
- .999 for 24K (99.9% pure)
- .916 for 22K (91.6% pure)
- .750 for 18K (75% pure)
Understanding karatage helps you choose jewellery that fits your budget and investment goals. While 24K gold is ideal for investment, 22K and 18K options are more durable for everyday wear.
Before finalizing a purchase, calculate the potential value using the live gold price and adjust for purity. Be aware of additional costs like making charges, which can reduce resale profits. Opt for simple, timeless designs, and inquire about buy-back policies from sellers.
In a city renowned for its gold market, knowing how to identify investment-worthy pieces can turn your jewellery collection into a valuable asset.
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