Whether it’s due to the wider variety, affordability or purity, Dubai’s gold is sought-after worldwide. From small nuggets to bullion and bars, you’ll find all the different forms of gold in Dubai. 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 buying gold bullion in Dubai.
WHERE TO BUY GOLD BULLION IN DUBAI?
From gold dealers to the famous Dubai Gold Souk, there are many marketplaces that deal in bullion and gold bars in Dubai. Let’s look at the best places to buy gold bullion in Dubai.
POPULAR GOLD BULLION DEALERS IN DUBAI
AL BAHRAIN JEWELLERS
Established in 1945, Al Bahrain Jewellers LLC has become a leading name in bullion trading in Dubai. They buy and sell gold, silver and platinum. You can reach out to them through the contact form on their website and get quotes for various weights and refinement levels of gold bullion.
- Location: Office # F85 & F86, The Gold Centre, Deira
- Contact: +971-4-226-9514
EMIRATES GOLD
In addition to gold bars, Emirates Gold boasts an impressive product range. They deal in custom minted gold products, gold pendants, coins, medals and even plaques and trophies. Their products are certified 999.9 pure gold. For those with more playful tastes, 1KG gold bars with customised logos are also on offer.
- Location: Plot No. 1G, Phase 1, Plot No.393-111, Jumeirah Lakes Towers, DMCC, Sheikh Zayed Road
- Contact: +971-4-367-9030
AL ETIHAD GOLD
Al Etihad Gold is a full-service gold and silver refinery. They specialize in gold and silver bars in the 100 grams to 1-kilogram range. Accredited by the DGD (Dubai Good Delivery) standard, their gold bars contain a fineness of 99.5%. In addition to selling gold bars, they provide refining, smelting, assaying, gold separation and minting services.
- Location: Al Etihad Gold Refinery DMCC
- Contact: +971-4-242-4813
GOLD STANDARD DMCC
Gold Standard not only sells gold bullion but also provides protected international deliveries using reliable channels. Risk management and precious metals trading, precious metal financing, assaying and refining are some of the other services they provide through their platform.
- Location: Office 33A, Gold Tower, Jumeirah Lakes Towers
- Contact: +971-4-423-4500
NATIONAL METAL DMCC
National Metal DMCC doesn’t just offer precious metals for sale but also provides current and future trading options for precious metals, crude oil, and currencies through their platform.
National Metal DMCC is regulated by the Emirates Securities and Commodities Authority (ESCA), which enables them to function as a multi-asset derivative exchange. It has established its reputation as one of the best forex and commodities futures trading exchanges in the Middle East.
- Location: AG Tower, 31D, JLT
- Contact: +971-4-454-8457
NATIONAL BULLION HOUSE
National Bullion House offers a wide range of gold offerings for sale in Dubai. They are an official distributor for a wide range of licensed gold products, such as Etihad and Suisse gold bars and American Eagle gold coins.
They also offer minted bars from 1 gram up to 1000 grams and cast bars in a range of different sizes from 250 grams up to 400 oz (11.3 kilograms). All of their gold products meet the parameters set by the Dubai and London Good Delivery Standards.
- Location: Building 4, Emaar Business Park
- Contact: +971-4-427-0832
KALOTI PRECIOUS METALS
Kaloti Precious metals have been dealing in bullion, ingots and jewellery in the UAE for more than two decades. They offer standardized gold bars up to 12 kilograms in weight with a purity of 99.99%. In addition to gold bars, they have a huge range of coins and medals in both gold and silver.
- Location: 35th floor, Almas Tower, DMCC
- Contact: +971-4-448-6900
DEIRA GOLD SOUK
Located near Deira Clocktower, the Gold Souk is a treasure trove of all things shiny and sparkly. Whether you’re on the hunt 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 up to epically-sized bars.
- Location: Deira
- Timings: 09:30 am – 09:30 pm | Fri: 04:00 am – 09:30 pm
DUBAI GOLD & DIAMOND PARK
Another place to buy gold bars in Dubai is the well-known Dubai Gold & Diamond Park. Located on Sheikh Zayed Road, the park is home to around 90 commercial retailers. The famous stores include Calash, Arabian Gems and D.Diamonds. You can select from a vast range of bullion available at Dubai Gold & Diamond Park.
- Location: 4th Interchange, Sheikh Zayed Road
- Timings: Sunday – Thursday: 08:00 am – 5:30 pm
- Contact: +971-4-362-7777
GOLD VENDING MACHINES
Thanks to the innovative ‘Gold to Go’ ATMs, you can now buy gold bars within a few minutes in Dubai. These gold vending machines are placed across different locations in Dubai. Equipped with computers, they allow you to buy anything from a small 2.5 g gold coin up to a bigger 1-ounce gold bar, based on real-time prices.
These vending machines had been placed in various spots in Dubai and Abu Dhabi.
BUY GOLD BULLION ONLINE IN DUBAI
Additionally, you can consider an online gold bar purchase in Dubai. There are websites like Gold Trade, Buy Gold Bar UAE and IBV Gold DMCC where you can buy bullion or good bars online in the UAE.
Visit their websites, choose the product and add it to your cart. Fill out the billing, payment and delivery requirements and confirm the order to make a purchase.
WHO MANUFACTURES 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. Kaloti is a popular local retailer for some of the home-grown bars. Similarly, many UK-based gold manufacturers are based in the Gold Souk. PAMP, a leading Swiss gold manufacturer also has a presence in Dubai. Other manufacturers in the UAE include:
- Gulf Gold Refinery
- Nadir Metal Refinery/Nadir Gold DMCC
- Emirates Gold
- Al Etihad Gold
THINGS TO KNOW WHEN BUYING BULLION IN DUBAI
- Bullion is sold in ounces, grams and tola.
- Gram or ounces gold bars have solid corners, whilst 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 be at least a minimum of 99.5% gold. The purest form of gold bar falls in the 99.9% range.
FAQS
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 A GOLD IN THE UAE?
Yes, there is a 5% VAT on the purchase of gold.
ARE THERE ANY GOLD SHOPS IN DUBAI?
Yes, there are a plethora of gold shops in Dubai. From world-leading brands to traditional local shops, there are gold-selling stores all across the city. Dubai is known as the ‘City of Gold’ for a reason.
WHY IS DUBAI’S GOLD SO POPULAR WITH EXPATS?
While there are many motivations, purity and affordability rank highly as the major reasons for expats buying gold in Dubai.
CAN YOU CARRY GOLD FROM DUBAI TO INDIA?
Yes, you can carry gold from Dubai to India. However, it’s important to note that there is a certain limit to carrying gold from Dubai to India that must be followed in order to avoid paying excess customs duty.
With that, we wrap our guide on buying bullion in Dubai. We very much hope it provides you with the Midas touch if you’re thinking of taking the plunge into the world of gold investment.
Looking for gold in the other emirates of the UAE? There are many gold shops in Abu Dhabi to peruse, and there are also gold shops in Sharjah to consider.
