Gold prices in Dubai today: 24K, 22K, 18K and more

• Gold Price in Dubai Today
  • Gold Rate in Dubai per Gram
  • Dubai Gold Value per Ounce
  • Gold Rate in Dubai per Tola
  • Rate for Gold in Dubai per KG
• Overview of Gold Purity
• Buying Gold in Dubai
• FAQs

When it comes to buying gold, Dubai is a popular destination for both residents and tourists alike. Also known as the “City of Gold,” the emirate is renowned for its gold souks and competitive prices. If you’re interested in investing in gold or purchasing exquisite jewellery, staying informed about the current gold rate in Dubai is vital.

Wonder what the 22k gold price today in Dubai is? Here’s the latest update on the present gold price in Dubai.

Gold Price in Dubai Today – What You Need To Know

It’s important to have updated information on the gold rate in Dubai for 1 gram, tola, kg and ounce to make informed decisions about buying or selling gold.

Let’s look at the gold rate in Dubai per tola and more:

Gold Rate in Dubai per Gram

Dubai gold rate 1 gram is subject to fluctuations due to various factors, including global market trends and supply and demand.

Dubai Gold Value per Ounce

1 Tola Gold Price in Dubai

For buyers interested in larger quantities of gold, such as 1 tola (approximately 11.66 grams) or 1 kilogram, the gold price in Dubai per tola or 1 tola gold price in Dubai is key information.

Rate of Gold in Dubai per KG

For those looking to buy smaller quantities, ‘Dubai gold rate today – 1 gram’ is an essential consideration.

Please note that the gold price in Dubai per gram, the UAE gold rate 1 gram, and other rates mentioned above are indicative and can fluctuate daily based on market conditions.*

Measuring Gold Purity – Understanding the Karats

Regarding the gold rate in Dubai per gram, it is essential to understand gold purity and how it is measured.

The purity of gold is measured in karats (symbol/abbreviation K). Pure gold, also known as 24K gold, is malleable and ductile, making it unsuitable for jewellery. Gold is typically mixed with other metals to form an alloy, resulting in different karat levels. 

Here’s a breakdown of the commonly used karat levels and their gold percentages:

• 24K: Pure gold
• 22K: Alloy with 22 parts of pure gold and two parts of other metals. The gold percentage is 91.7% (22/24).
• 21K: Alloy with 21 parts of pure gold and three parts of other metals. The gold percentage is 87.5% (21/24).
• 18K: Alloy with 18 parts of pure gold and six parts of other metals. The gold percentage is 75% (18/24).
• 14K: Alloy with 14 parts of pure gold and ten parts of other metals. The gold percentage is 58.3% (14/24).

In Dubai, 22K jewellery is popular among Indian and other Asian buyers, while European visitors and younger buyers prefer 18K gold jewellery. It’s important to note that different countries may use alternative systems, such as the “millesimal fineness” system, to measure gold purity. Remember, Dubai gold price per gram depends on the karat chosen.

Where to Buy Gold in Dubai?

Dubai is renowned for its gold souks or traditional markets, specialising in gold and other jewellery pieces. The most famous gold souk in Dubai is the Deira Gold Souk. You will find many gold shops and stalls offering various gold products here.

When purchasing gold jewellery in Dubai, you have various options beyond the traditional Gold Souk. Dubai Gold & Diamonds Park, Dubai Duty-Free, and major shopping malls like the Dubai Mall offer a wide range of gold jewellery options for all tastes and budgets.

You will also find many gold shops in Dubai that cater to those looking for exclusive and designer gold pieces.

Whether exploring the bustling gold souks or visiting luxury jewellery stores, Dubai provides a unique and rewarding gold-buying experience. If you’re wondering is gold cheaper in Dubai, our guide gives you a brief insight into prices and why you should buy gold in Dubai.

FAQs about Dubai Gold Rate 1 gram, 1 Tola and 1kg

WHAT IS TODAY’S GOLD RATE IN DUBAI?

Today, the ‘Dubai gold rate 1 gram‘ is AED 313.87 for 24K. The current gold rate in UAE 1 tola for 24K is AED 3,660.89, while the 1 kg gold price in Dubai for 24K is AED 313,867.89.

These rates can vary daily, so checking the latest gold rate before purchasing is advisable.

WHICH GOLD IS BEST – 18K, 22K or 24K?

Gold purity is typically expressed in Karats, with 24K being the purest form of gold. However, it is rare to find pure 24K gold jewellery or bars as they are too soft and prone to damage. In Dubai, the most commonly found gold purity is 22K. This means that the gold comprises 22 parts pure gold and two parts of other metals, such as silver or copper, to enhance its durability.

IS 22K GOLD MORE EXPENSIVE THAN 18K?

It is important to note that the higher the karat, the more expensive the gold rate in Dubai for 1 grams will be!

SHOULD I BUY 18K OR 22K GOLD?

Gold purity is also expressed as a percentage. For example, 22K gold is approximately 91.7% pure, while 18K gold is about 75% pure. When buying gold, always consider the purity level as it affects the value and price of the item.

HOW CAN YOU TELL IF GOLD IS 18K OR 22K?

How to tell if gold is real?

• Take note of hallmarks or stamps engraved on the gold piece (22K, 18K)
• Look for letter markings – gold marked 10k or less is usually fake.
• Search for abbreviations – GP, GF and HGP indicate Gold Plated, Gold Filled and Heavy Gold Plated.

WHAT ARE SOME OTHER WAYS TO TELL IF GOLD IS FAKE?

• Hold a magnet next to the gold piece. Pure gold jewellery never gets attracted to the magnet.
• Drop the gold piece in a glass of water. Pure gold is dense, and it should sink to the bottom.
• Seek help from a professional jeweller. Reputable gold shops and dealers have various machines to check and verify gold purity.

CAN I ONLY FIND GOLD JEWELLERY IN DUBAI?

Many gold dealers and manufacturers cater to those who intend to buy gold bullion in Dubai. Like other variants, the gold coin price in Dubai fluctuates with time. Many expats prefer buying gold in Dubai vs. India because of better pricing in the emirate.

WHAT TO KEEP IN MIND WHEN BUYING GOLD IN DUBAI?

When buying gold in Dubai, it is essential to ensure that you are dealing with reputable sellers. Look for shops that are members of the Dubai Gold & Jewellery Group, as this guarantees the authenticity and quality of the gold products.

WHAT IS THE 1 GRAM GOLD PRICE IN UAE TODAY?

1 gram gold price in UAE varies depending on the amount and quality of the gold. The table above gives an accurate idea of today’s Dubai gold rate uae.

HOW TO CALCULATE THE GOLD PRICE IN DUBAI?

Dubai is renowned for its exquisite gold jewellery, and the 1 gram gold price in UAE is determined by two main factors: the gold price and the making charge.

The gold price is determined by the weight and purity of the gold used in the jewellery, while the making charge covers the cost of producing the item and the retailer’s profit margin.

IS DUBAI GOLD JEWELLERY REAL?

Jewellery available in the emirate is certified and guaranteed by the Dubai Gold & Jewellery Group. So, you need not worry about spending your hard-earned money based on the current Dubai gold value.

That ends our guide on the current rate for gold in Dubai.

Buying gold in Dubai offers several advantages, including a wide range of options and high-quality products. Understanding gold purity and current gold prices in Dubai can help you make informed purchasing decisions.

If you wish to buy gold in the neighbouring emirates, you can consider gold shops in Abu Dhabi or Sharjah gold shops to find designs created in a diverse range of karats. If you are buying gold jewellery as an expat, knowing how much gold is allowed from Dubai to India without duty is important.

When deciding about gold, always consider your preferences, budget and market trends. Happy gold shopping in Dubai!

What is your opinion about Dubai’s gold prices? Let us know in the comments below.

For more information about gold prices or souks, subscribe to MyBayut.