Get your bling at the Gold Souk in Abu Dhabi
Want to buy gold in the capital? Look no further than Abu Dhabi Gold Souk. Featuring stunning displays of shimmering gold necklaces and gorgeous diamond rings, this is an ideal destination for anyone who wants to choose their jewellery from an array of options. Here is everything you need to know about this souk.
ABOUT GOLD SOUK IN ABU DHABI
Connected to the iconic Madinat Zayed Mall, Gold Souk Abu Dhabi is a collection of shops, arranged like an arcade, selling gold, diamond and other types of jewellery.
Jewellery enthusiasts come to this retail destination to browse through an extensive collection of sophisticated gold, diamond and silver ornaments.
Let’s learn about the things you must focus on, before visiting Abu Dhabi’s popular gold market.
THINGS YOU SHOULD KNOW BEFORE VISITING THE GOLD SOUK IN ABU DHABI
KNOW THE GOLD PRICES
- It is very important to check the international gold prices on the day of your visit.
- Like the gold rate in Dubai per tola, Abu Dhabi gold rates fluctuate on a daily basis. So, knowing the current price will help you estimate the cost of the gold ornaments at different stores in the souk.
LIMIT OF GOLD FOR TRAVELLERS
Tourists who want to indulge in some serious gold shopping should consult their respective airlines or customs authorities to know how much gold they can carry to their country on the return trip.
- Carrying more than the permissible limit of gold during international trips can result in financial consequences in the form of hefty duties.
- It’s also important to note that the customs duty for carrying gold bars may differ from the customs duty for carrying gold jewellery.
- Another thing to remember as a tourist is to get the necessary documents to claim a VAT refund while leaving the airport.
Read our guide on the gold limit from Dubai to India for a more detailed overview.
BE PREPARED TO BARGAIN
- If you are a bargain hunter, you will be excited to know that buyers can negotiate with the sales staff at the Gold Souk Abu Dhabi.
- Gold Souk Abu Dhabi prices are based on two factors:
- Actual gold rates on the day
- Manufacturing charges for individual designs and products
- While the gold rate is fixed, you can haggle over the manufacturing prices to settle on an agreeable amount.
UNDERSTAND THE DIFFERENT QUALITIES AND PURITY STANDARDS FOR GOLD
- The souk has gold jewellery with different levels of purity. The purest form of gold is the 24-carat variety, which has no other material mixed in it. However, this form of gold is not just hard to mould into jewellery, but it is also prone to damage and far more expensive because of its purity.
- So, if your intention is to buy gold jewellery, it is better to buy 21 or 22-carat jewellery as it will be more durable and cost-effective.
INVEST IN COINS AND BARS FOR A HIGH PROFIT
- Many shops at the souk offer pure gold bars that people buy for investment purposes.
- If you are buying gold bullion in Dubai and Abu Dhabi for investment, it is better to purchase 24-carat gold bars, coins or biscuits, as these don’t incur any manufacturing charges.
VISIT SEVERAL SHOPS BEFORE FINALISING A PURCHASE
- Buyers should always visit a couple of gold stores before finalising their options at the souk.
- Since buyers often base their negotiations on the relative prices of similar products, visiting different stores can give a better idea about the established jewellery rates. This will also help you negotiate more confidently and persuade the seller.
GET YOUR JEWELLERY REPAIRED
Many gold shops at the Abu Dhabi Gold Souk offer services for jewellery repairing and jewellery resizing. So, if you have a broken piece of jewellery, you can get it fixed at any of the gold stores at the souk for a reasonable price.
NOSE AND EAR PIERCING
- If you want to get your ears or nose pierced, you will find plenty of jewellers at the souk who promise a pain-free experience.
- Make sure that the shop you choose for this carries out the process in a clean, hygienic and safe manner.
LIST OF TOP GOLD SHOPS IN THE SOUK
While the list of gold jewellery shops located in the souk is fairly extensive, here are some of the well-known outlets at the mall:
- Damas Jewellery | +971-2-639-2746
- Malabar Gold and Diamonds | +971-2-635-5916
- Joyalukkas Jewellery |+971-2-633-1377
Apart from the mentioned stores, you can consider some other best gold shops in Abu Dhabi.
FAQs
Where is the Gold Souk located in central Abu Dhabi?
Abu Dhabi gold market is located at Madinat Zayed Shopping Centre, 438 Muroor Rd, Al Danah.
What are the opening hours of gold shops in central Abu Dhabi?
The Gold Souk Madinat Zayed Abu Dhabi is open from Monday to Thursday, 09:00 am – 11:00 pm and Friday to Sunday, 09:00 am – 12:00 am.
ARE THERE ANY GOLD SOUKS IN DUBAI?
Yes, absolutely! The Deira Gold Souk Dubai is a popular destination for gold shopping. The Gold and Diamond Park Dubai is also frequented by tourists and residents, interested in buying gold coins or stylish jewellery.
WHAT ARE THE BEST GOLD SHOPS IN DUBAI?
From Damas to Tanishq, there are many options for gold shopping in Dubai where buyers can get amazing ornaments at competitive rates.
That’s a wrap to our guide on Abu Dhabi gold market. Some of the major reasons why expats love to buy gold in Dubai and Abu Dhabi is the purity of gold and the sheer variety of designs available in these cities.
While you are in the capital, do not forget to explore other popular souks in Abu Dhabi for a taste of its rich retail culture.
