Your ultimate guide to buying gold bullion and bars in Dubai
Whether it’s due to the wider variety, affordability or purity, Dubai’s gold is sought-after worldwide. You’ll find all the different forms of gold in Dubai, from small nuggets to bullion and bars. While a nugget can make a nice keepsake, bullion and bars can provide you with significant investment stability. Here is everything you need to know about how to buy gold bars in Dubai and where to buy gold bullion in Dubai.
WHERE TO BUY GOLD BULLION IN DUBAI?
Several marketplaces deal in bullion and gold bars in Dubai, from gold dealers to the famous Dubai Gold Souk. Let’s look at the best places to buy gold bullion in Dubai.
POPULAR GOLD BULLION DEALERS IN DUBAI
Where to buy gold bullion in Dubai, you wonder? The following jewellers are known to sell gold bullion and bars.
AL BAHRAIN JEWELLERS
A reputed member of Dubai Multi and Commodities Centre (DMCC), Al Bahrain Jewellers LLC is one of Dubai’s leading names in bullion trading. You can contact them through the form on their website to obtain quotes for various weights and levels of gold bullion refinement.
- Location: The Gold Center Building, Office # F85 & F86, Deira Gold Souq, Dubai
- Timings: 09:00 am to 06:00 pm
- Contact: +971-4-226-9514
EMIRATES GOLD
Our next recommendation for buying gold bullion in Dubai is Emirates Gold. This well-known refinery offers custom-minted bullion products, including investment-grade coins and bars. All items are certified 999.9 pure gold. Their coin collection ranges from themed pieces, such as the Chinese Rabbit and Tiger, to standard 22 and 24-carat coins weighing up to 4g.
If you prefer something unique, Emirates Gold also creates customised coins in various shapes. Options include round, rectangular, oval, heart and even star designs, making them a standout choice in any Dubai gold bullion purchase guide.
- Location: Al Sarayat Street, Jumeirah Lake Towers (JLT)
- Timings: Monday to Friday, 09:00 am to 06:00 pm | Saturday, 09:00 am to 02:30 pm | Closed on Sunday
- Contact: +971-4-367-9030
AL ETIHAD GOLD DUBAI
Accredited by the DGD (Dubai Good Delivery), Al Etihad Gold is a renowned full-service gold and silver refinery. A popular choice for buying physical gold in Dubai, they specialise in producing high-quality gold bars and ingots weighing between 250g and 1kg.
Their collection also includes beautifully minted gold pieces engraved with intricate designs such as the Quran, Mecca, palm tree, dhow, butterfly, daffodils and more, catering to both investors and collectors.
- Location: Dubai Multi Commodities Centre (DMCC), JLT
- Timings: Monday to Friday, 09:00 am to 06:00 pm | Saturday, 09:00 am to 03:00 pm | Closed on Sunday
- Contact: +971-4-242-4813
GOLD STANDARD DMCC
An associate member of the London Bullion Market Association (LBMA), Gold Standard DMCC is recognised as a leading name in the Middle East’s gold trade. For those investing in gold bullion in Dubai, the company offers trusted expertise and a strong market presence.
Backed by a team of experienced bullion specialists, Gold Standard DMCC enables seamless transactions for buying 24K gold bullion in Dubai at competitive market rates, ensuring both value and authenticity for buyers.
- Location: Office 33A, Gold Tower, Jumeirah Lake Towers (JLT)
- Timings: Saturday to Thursday, 09:00 am to 06:00 pm | Closed on Friday
- Contact: +971-4-423-4500 | +971-4-423-4540
DEIRA GOLD SOUK
Located near Deira Clocktower, the Deira Gold Souk is a treasure trove of all things shiny and sparkly. Whether you’re hunting for gold coins or bars, the souk houses some of the most popular gold shops in Dubai, such as Damas Jewellery, Joyalukkas and many more.
As you stroll through this glittering market, you’ll be able to find pretty much any product you need, ranging from 2.5-gram coins to bars.
- Location: Deira
- Timings: 09:00 am to 09:00 pm | Timings of shops may vary
DUBAI GOLD AND DIAMOND PARK
The Dubai Gold and Diamond Park is a must-visit for anyone exploring the top places to buy gold bullion in Dubai. Conveniently located on Sheikh Zayed Road (E11), this specialised hub houses around 90 retail outlets and workshops. It offers an impressive selection of gold bars, coins and other bullion products, catering to both investors and collectors.
Known for its quality assurance and competitive pricing, the park is a regular feature in any reliable Dubai gold bullion purchase guide. Visitors can also enjoy the advantage of dealing directly with skilled jewellers and bullion experts in a secure, purpose-built environment.
- Location: Al Quoz
- Timings: 10:00 am to 09:00 pm
- Contact: +971-4-362-7777
GOLD VENDING MACHINES
- Thanks to the innovative “Gold to Go” ATMs, you can now buy anything from a small 2.5g gold coin to a bigger 1-ounce gold bar, based on real-time prices.
- These gold vending machines are located in various places throughout Dubai, including Atlantis The Palm and Souk Madinat Jumeirah.
In addition to the aforementioned retailers, you can consider:
- SAM Precious Metals
- Kuber Jewellery LLC
POPULAR PLACES TO BUY GOLD BULLION ONLINE IN DUBAI
If you have already scouted gold souks and different jewellery shops and are wondering where to buy gold bars in Dubai online, here’s a list!
KANAK HOUSE BULLION
Kanak House Bullion, also known as the House of Gold, is a trusted name for gold investment options in Dubai. Specialising in all aspects of bullion trading, they offer a wide selection of minted bars, including up to 24-carat options.
Alongside their physical presence, Kanak House Bullion operates a convenient e-store, allowing customers to register and purchase gold bars online with ease. Their platform provides detailed product information and secure transactions, making it a practical choice for both seasoned investors and first-time buyers.
- Contact: +971-4-564-6923
GOLD TRADE
Gold Trade is a popular choice for buying gold bullion in Dubai, offering an extensive selection for investors and collectors alike. As one of the reputable gold bullion dealers in Dubai, their inventory includes Emirates gold bars, American gold coins, Etihad gold and silver bars, Valcambi gold bars and the renowned PAMP Suisse bars, available in various sizes and purities.
Purchasing is straightforward, simply register on their website, choose your preferred product and complete the checkout. For detailed information on available sizes and specifications, you can also contact them directly.
- Contact: +971-50-967-4802
IBV GOLD
IBV Gold stands out as a global leader in competitive precious metals trading and a trusted name for investing in gold bullion in Dubai. Their Dubai outlet offers an impressive selection of gold products, including standard bars, shaped designs and logo-printed coins.
With a variety of sizes available, IBV Gold caters to both serious investors and collectors, ensuring quality and authenticity across their entire range.
- Contact: +971-4-589-8274
Apart from the places listed above, you can consider:
- ISA Bullion
- Bank of Bullion
- Mint Jewels
Please note:
- Most online shops also have physical outlets.
- Some online stores allow users to create “gold savings accounts.” Confirm that with the relevant retailer when purchasing bullion.
THINGS TO KNOW WHEN BUYING BULLION IN DUBAI
Here are a few things to consider before you go out to buy gold bars in Dubai:
- Bullion is sold in ounces, grams and tola.
- Gram or ounce gold bars have solid corners, while tola gold bars have rounded edges.
- The weight of the gold bar is stamped on it.
- The bar must have a stamp of the supplier and an assay number.
- The gold bar must have at least 99.5% gold.
- The purest form of gold bar falls in the 99.9% range.
- Keep an eye on the gold bar prices in Dubai before purchasing.
FAQs
WHO REFINES GOLD IN DUBAI?
Dubai houses some of the world’s top large-scale gold refineries, meaning locally produced bullion is available at lower prices. Popular gold refineries in Dubai include:
- Gulf Gold Refinery
- Emirates Gold
- Al Etihad Gold
WHERE TO BUY SILVER BARS IN DUBAI?
You can purchase silver bars from major banks in Dubai, authorised dealers, as well as private sellers and collectors.
IS THERE VAT ON PURCHASING GOLD IN THE UAE?
Yes, a 5% VAT is applied to the purchase of gold.
WHY IS DUBAI’S GOLD SO POPULAR WITH EXPATS?
While there could be many personal motivations, purity and affordability are the two major reasons for expats to buy gold in Dubai.
CAN YOU CARRY GOLD FROM DUBAI TO INDIA?
Yes, you can. However, only bring gold from Dubai to India within the acceptable limits to avoid paying excess customs duty.
With that, we wrap our guide to buying bullion in Dubai. Looking for gold in the other emirates of the UAE? There are many gold shops in Abu Dhabi.
