Gold Souk is a famous gold market located in Deira street, Dubai, with a length of 1km. The main customers of this market are Indians, Chinese and locals.

Dubbed the “city of gold”, Dubai has the Gold Souk market selling the largest jewelry in the city with a hundred years old. This is the place that is rated as the best place to buy gold in the UAE (United Arab Emirates).

Dubai is known as the “city of gold”.

Inside the market there are more than 300 stalls containing about 10 tons of gold, some of them have been in business for more than 40 years, each booth is about tens of square meters and has 5-10 sales staff.

This market is open to welcome visitors from 10am – 10pm from Saturday to Thursday and from 4pm to 10pm on Friday. The best time to visit the Gold Souk gold market is around 11am. This is the busiest time. In addition to gold, Gold Souk also trades many precious stones such as platinum, diamond, … or silver.

Inside the market there are more than 300 stalls containing about 10 tons of gold

Security here is always ensured by surveillance cameras placed everywhere. The police also patrol regularly and will handle everything as quickly as possible.

Security in the market is always guaranteed

The quality of gold here is always guaranteed under the management and supervision of the Dubai government. However, they will not be responsible if visitors buy gold from street vendors.

Gold quality is guaranteed

According to the National website of the UAE, the price of gold in Dubai is always about 20% cheaper than the average price in the world, because the city does not have to tax when importing. Gold at the Gold Souk market is gold from 21 to 24 carats, the lowest is 18 carats, the price of gold is calculated by age and weight.

Most of the shops in the market have electronic boards showing the price of gold in carats. However, visitors to the market can still negotiate, “bargain” with the seller to buy their favorite items at the “best” price.

In January, in Dubai, there is a shopping festival, at which time visitors will receive discounts when buying gold jewelry and be given attractive gifts.

Gold price in Dubai is always cheaper than the average price in the world about 20%

At the Gold Souk gold market, there is a 57kg Najmat Taiba gold ring, studded with 5.17kg Swarovski crystals, worth about 3 million USD (about 72 billion VND). Visitors here can take pictures with this ring.

Najmat Taiba gold ring