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 bars in Dubai.
WHERE TO BUY GOLD BARS 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 Dubai gold bar, 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 contact form on their website and get quotes for various weights and refinement levels of gold bullion.
- Location: The Gold Center Building, Office # F85 & F86, Deira Gold Souq, Dubai
- Timings: Saturday to Thursday, 09:00 am to 06:00 pm | Closed on Friday
- Contact: +971-4-226-9514
EMIRATES GOLD
Our next pick is Emirates Gold. They deal in custom-minted gold products, including investment coins and bars. Their products are certified 999.9 pure gold. They have diverse coins, including Chinese Rabbit, Tiger and Christmas coins. You’ll also find standard 22 and 24-carat gold coins of up to 4g.
For those with more playful tastes, they have customised coins on offer as well. You can go for round, rectangular, oval, heart or star-shaped coins.
- 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 full-service gold and silver refinery. They specialise in gold bars and ingots ranging from 250 g to 1 kg.
They also have a range of gold-minted products engraved with images of the Quran, Mecca, palm tree, dhow, butterfly, daffodils and more.
- Location: Dubai Multi Commodities Centre (DMCC)
- 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 has established a reputation as a key player in the gold markets of the Middle East.
Gold Standard DMCC, with the help of a team of seasoned bullion professionals, facilitates the sale or purchase of gold bars at competitive prices in Dubai.
- Location: AU Tower, Jumeirah Lake Towers (JLT)
- Timings: Saturday to Thursday, 09:00 am to 06:00 pm | Closed on Friday
- Contact: +971-4-423-4500
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
Dubai Gold and Diamond Park is another well-known place to buy gold bars in Dubai. Located on Sheikh Zayed Road (E11), the park is home to around 90 commercial retailers, offering a vast range of gold bullion in Dubai.
- Location: Al Quoz
- Timings: Daily, 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 placed across different locations in Dubai, such as 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 House of Gold) specialises in all aspects of buying and selling bullion in Dubai. You can register on their website and buy up to 24-carat minted bars online from their store. Visit their online platform for further information.
- Contact: +971-4-564-6923
GOLD TRADE
Our next pick is Gold Trade. They have a diverse range of gold bars, varying based on size and purity. You can find Emirates gold bars, American gold coins, Etihad gold and silver bars, Valcambi gold bars and PAMP Suisse bars.
All you have to do is register on their website, select your favourite product and check out. Call them to get more information about product sizes.
- Contact: +971-50-967-4802
IBV GOLD
IBV Gold is one of the global leaders in competitive gold trading. They boast a wide variety of precious metals. You can shop for standard, shaped, logo-printed coins and bars at IBV Gold Dubai. The sizes of the products may vary.
- 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 have physical outlets as well.
- Some online stores also allow users to create “gold savings accounts.” Confirm that with the relevant retailer when purchasing a 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 price in Dubai before purchasing.
FAQs
WHO REFINES GOLD IN DUBAI?
Dubai houses some of the top large-scale gold refineries in the world, 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, there is a 5% VAT on 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.
