In Deira Dubai is found the world’s largest gold market, the Gold souk of Deira. This traditional market offers hundreds of stores selling primarily gold jewelry but also silver and precious stone jewelry in intricate Arab and Indian designs. With more than 350 jewellery traders and retailers, Gold Souk is restocked with at least 10 tons of gold daily. It’s the most famous Dubai souk (traditional market) and is considered a great attraction not only for gold buyers in Dubai but also for tourists who want to admire the dazzling jewelry and precious stones that are for sale in this bustling bazaar, without the intention of buying. The gold souk has a mention in the Guinness World Record Book. The world’s largest and heaviest ring weighing 64 kilograms with a 5.1-kilogram stone resting on it is found here.
You should visit this beautiful market to witness the most eye-catching and selected quality and designs of gold and other precious metals. Also known as the Gold Mall, this fascinating souk presents and exhibits the beautiful craftsmanship and intricate detail work done by the goldsmiths. Even if you don’t intend to buy gold products, visiting the Dubai Gold Souk is a really interesting and different thing to do in the city. It’s probably the one time you’ll be surrounded by so many items in that precious yellow metal. Located at a walkable distance from the Old Souk Marine Station, the souk has many registered and authorized gold shops and only a few kiosks and stalls.
Opening hours: The Gold Souk in Dubai opening hours are from 10 AM to 10 PM Saturday to Thursday (although many Gold Souk shops close from 1 PM to 4 PM). On Fridays, the Gold Souk opens from 4 PM to 10 PM.
There’s quite a whole lot to be bought from the gold market. Not just gold but silver, diamond, emeralds, rubies, sapphires and several other stones as well. The souk is full of jewellery and ornaments and with tiny souvenirs too. When in the famous gold market, you can splurge on a wide variety of watches, earrings, bracelets, necklaces, rings or even religious figurines and sculptures.
If you are interested in investing, you can buy gold coins, cookies, bars or cards from the souk. You can purchase similar readymade designs from the shops or carry your designs and get them customized. You can get your broken jewellery pieces repaired from the shops and booths spread across the streets. You can also spot clothing and decorative items in 22 karats or 24 karats pure gold. If it’s your first-time buying gold products, know that the higher the karat, the purer the gold. A 24k gold is pure gold.
If you enjoy history, fashion, or just love the idea of being surrounded by tons of gold in different shapes and sizes, then you shouldn’t miss the gold market. You’ll definitely be smitten by all the gold on display, and astonished about the things that are made with this metal, from impossibly heavy necklaces to actual dresses. Since the Emirates has no import duty tax on gold and very low taxes on jewelry, buying gold in Dubai at the daily gold rate is significantly cheaper than in most parts of the world, so the famous market attracts buyers from all over.
To get an amazing shopping experience,
Since all shops are not air-conditioned (though most of them are) and the market gets crowded, it is advised to visit in the evening as the temperature goes down and the nights are more relaxed and better.
Be aware of the current prices of different types and quality of gold as it would help you in bargaining and reduces the chance of you being fooled.
Be sure of what and how you want to buy and go and explore with a clear mind to avoid any last-minute confusion or hassles.
The shopkeepers usually quote a higher price so make sure to bargain and try reducing the costs by 25%
The same jewellery can be spotted at several other shops so explore as much as possible before buying anything as you might get a better deal.
Make sure to travel light and safe and to take care of your bags and children.
Resist purchasing gold from stalls or booths for a lower price as they might sell fake or unauthentic products.