Deira Gold Souk: The Largest Gold Market in the World

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Deira Gold Souk The Largest Gold Market in the
World
Dubai is a shoppers paradise in a true sense.
The city is home to many clothing and jewellery
brands that fascinate tourists with stunning
styles. Your Dubai travel experience is
incomplete without a traditional Dubai gold shop
market visit. Deira Gold Souk offers a variety
of designs at an unbeatable price. This article
will take you on a virtual tour of the citys
most sought-after shopping destination.
Deira Gold Souk The largest gold market in the
world, Deira Gold Souk, is flooded with tourists
every day. Even if you are not a crazy shopper,
the Dubai gold shop market is a must-visit for a
fun experience. The exquisite craftsmanship of
jewellers at the Dubai Gold shop market is
beyond your imagination. Long lines of gold
retail stalls showcase authentic and precious
gold and gemstones that will make you purchase
gold for you and your dear ones. So, lets
explore what this souk has got for you.
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Dubai Gold Souk Opening Hours The Dubai gold
shop market is open for visitors from 1000 am to
1000 pm. However, the market is open from 400
pm to 1000 pm on Fridays. Before you plan for
the visit, keep in mind that evenings at the
market are generally more crowded than
mornings. Shopping at the Dubai Gold Souk Deira
Gold souk has a wide variety of dazzling 18k to
24k gold jewellery, from everyday jewellery
collections to heavy gold ornaments for special
occasions. With more than 350 gold shops, Deira
Gold Souk is the largest gold market in the
world. Dubai Gold Souk offers a variety of
designs from all over the globe. Some of the
jewellers have been in the business for many
decades. The market has set high standards as all
the stores in Deira are regulated by the Dubai
Government for the authenticity and purity of
gold products. The glittery shops in the market
showcase various precious stone products made
from rubies, diamonds, and emeralds. Malabar Gold
and Diamonds, Bafleh Jewellery, and Joyalukkas
are popular jewellery brands that have their
stores in Deira Souk and many small retailers.
Things to consider before Shopping at the Deira
gold Souk 1. Check the price online Before
purchasing gold from the Dubai gold market, check
the gold price online. The Dubai gold souk price
varies as per the international gold market
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• price. Online price search will give you an idea
  of the latest trends in the gold price, and you
  can use your knowledge to secure a good deal at a
  lower price.
• Learn about gold karat Gold items are sold as
  per the weight and Karat. Higher Karat
  represents the purest form of gold. While 18k and
  22k gold is more popular, 24K gold has its
  charm. Since the pure form of gold is soft, it is
  mixed with other metals for a perfect finish.
• Use your barter skills Unlike other markets,
  this is a great place to haggle. While the gold
  rate is fixed, making charges on the jewellery
  can be negotiated. Hence, gold shop owners
  expect you to haggle for your desired gold item.
• Explore the market Do not end your search at the
  first shop. There are more than 300 shops in the
  market offering excellent designs on gold and
  precious gemstones. Take enough time to explore
  several shops before selecting your final piece
  of jewellery.
• Payment options While most sellers accept cash
  and credit cards, a cash payment will give you
  more power to barter on your favourite set of
  bangles or a designer necklace. However, if you
  are not the one who carries tons of cash in your
  pocket, then use a credit card.
• Gold Prices at Dubai Gold Souk
• The market price for gold is displayed in
  individual stores and on signs around the souk.
  The prices are listed for 24K, 22K, 21K, and 18K
  in AED per gram.
• Gold products are sold by weight according to the
  current market price. Once you select a product,
  the trader will demand a high price for the
  products initially. But, savvy buyers always
  negotiate for the best price possible. Bargains
  are only on the making charges, so you can get
  significant reductions if you are good at it.
• Take enough time to explore other shops, as you
  might find similar products in different shops
  at a lower price. For all gold souk Dubai
  products, a VAT of 5 percent is levied
  throughout the city. However, tourists can claim
  85 percent of VAT refund at airports under the
  Tax Refunds for Tourist Scheme. Ensure that you
  purchase goods from a recognized retailer and
  present a sales receipt with a tax refund tag.
• Many of these Dubai Gold Souk stores show their
  online presence with authentic and traditional
  jewellery. Taiba, Kanz, Malabar Gold and
  diamonds, Damas, and Joyalukkas are some of the
  best Dubai Jewellery shops online.
• Dubai Gold Souk Location
• The souk is located in Deira, an essential part
  of old Dubai.
• If you are visiting the souk by metro, then Al
  Ras is the nearest metro station, and it is 10
  minutes from the Deira Gold Souk. Baniyas Square
  station is also close to the gold market.
• If you prefer to travel by RTA bus, C07, C09, and
  C28 will lead you to your destination.

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You can also use taxi, uber, or careem services
to commute to the Deira Gold Souk
conveniently. Why should I purchase gold from the
Deira gold souk? Gold designs in the Dubai market
cater to the expectations of the international
customer base. The retailer stocks a variety of
designs to complement ethnic and traditional
wear. Lightweight Turkish, Singaporean, and
Malaysian earrings and necklace designs are
increasingly popular, and antique Indian and
Arabic designs are in demand for festive
occasions. The strict regulations on gold trading
provide transparency and protection to the
individual buyer. The Dubai gold souk market
trades pure gold to the customers
worldwide. Whats new? If you are an individual
who is fascinated by the stunning pieces of
yellow metal jewellery, then Deira souk is worth
visiting for an exceptional shopping experience.
Adding a modern touch to your luxurious
shopping, Dubai opened Gold Souk Extension in
April 2022, spanning over 1 million square feet.
GSE provides a tribute to Dubais trade legacy,
providing an enriched experience to visitors from
all around the world. Explore more About Dubais
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