Dubai Gold Shopping: 15 Tips for Buying Jewelry and Gems
Dubai – Known as the “City of Gold,” Dubai continues to attract shoppers from around the world, despite high global gold prices.
Local jewellers are sharing strategic tips to help consumers make cost-effective purchases while ensuring they invest in certified diamonds and genuine gold.
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Recent data indicates a decline in gold jewellery demand in the UAE, with a drop of 7.9 tonnes in the first quarter of 2025 compared to the previous year, largely due to record-high gold prices amid geopolitical tensions.
As of now, 24K gold is priced at Dh402.25 per gram, while 22K gold stands at Dh372.25.
To assist buyers navigating the current market, jewellers recommend the following 15 tips:
- Time Your Purchase: Shop during major sales like the Dubai Shopping Festival or Eid.
- Compare Prices: Visit multiple stores to find the best deals.
- Request Price Breakdowns: Ask for separate quotes on gold rates and making charges.
- Check Daily Gold Rates: Stay updated on fluctuating gold prices.
- Negotiate Making Charges: Different retailers have varying charges; don’t hesitate to bargain.
- Look for Loyalty Programs: Some stores offer rewards for repeat customers.
- Explore Discounts and Cashbacks: Partnered offers from malls and banks can provide savings.
- Utilize Credit Card Offers: Many cards offer discounts or installment plans.
- Verify Certifications: Ensure jewellery comes with appropriate certification and return policies.
- Check Diamond Certification: Diamonds should have IGI or GIA certificates.
- Inquire About After-Sales Services: Look for buyback guarantees and warranties.
- Ask About VAT Refunds: Tourists may qualify for VAT refunds on purchases.
- Seek Discounts on Making Charges: Many stores have promotions on this aspect.
- Look for Diamond Discounts: Some retailers offer flat percentage discounts.
- Take Advantage of Bundle Offers: Consider sets that include free gifts.
By following these guidelines, shoppers can make informed decisions and enjoy a seamless jewellery-buying experience in Dubai.
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Khaleej Times
