Dubai is known as the “City of Gold,” attracting millions of buyers and investors from around the world due to its tax-free gold prices and high purity standards. If you’re planning to buy gold in the UAE, it’s crucial to stay updated on the latest prices.
As of March 10, 2025, the gold rate in Dubai per tola is AED 4,091.08, while the price for 24K gold per 10 grams is AED 3,507.50. In this guide, we will cover:
• The latest gold rates for different purities
• Factors affecting gold prices in Dubai
• The best places to buy gold in the UAE
• Tips for buying gold in Dubai
Current Gold Rates in Dubai (UAE) – March 10, 2025
Below is the latest gold price chart in UAE Dirhams (AED):
Gold Rate in Dubai (UAE) Today
Quantity
24K Gold Rate
22K Gold Rate
21K Gold Rate
18K Gold Rate
1 Gram
AED 350.75
AED 326.25
AED 314.50
AED 271.00
1 Tola
AED 4,091.08
AED 3,805.32
AED 3,668.27
AED 3,160.89
10 Grams
AED 3,507.50
AED 3,262.50
AED 3,145.00
AED 2,710.00
1 Sovereign (8 Grams)
AED 2,806.00
AED 2,610.00
AED 2,516.00
AED 2,168.00
10 Tolas
AED 40,910.79
AED 38,053.16
AED 36,682.66
AED 31,608.91
1 Ounce (31.1 Grams)
AED 10,909.54
AED 10,147.51
AED 9,782.04
AED 8,429.04
1 Kilogram
AED 350,750.00
AED 326,250.00
AED 314,500.00
AED 271,000.00
Note: These rates are subject to change depending on global market trends and local demand.
Understanding Different Gold Purities
Before purchasing gold, it’s important to understand the different purities available in the UAE market:
• 24K Gold: The purest form of gold (99.9% pure) and the most expensive. Commonly used for investment and bullion.
• 22K Gold: Contains 91.6% gold, making it slightly more durable. Popular for jewelry.
• 21K Gold: Consists of 87.5% pure gold and is widely used for ornaments.
• 18K Gold: Contains 75% pure gold mixed with other metals, making it more affordable and durable.
Factors Affecting Gold Prices in Dubai
Gold prices in Dubai are influenced by multiple global and local factors. Here are some key aspects that impact the rates:
1. International Gold Prices
The UAE follows global gold price fluctuations, primarily determined by the London Bullion Market and COMEX (New York Mercantile Exchange).
2. US Dollar Exchange Rate
Since gold is traded internationally in USD, any fluctuations in the exchange rate between the US dollar and UAE Dirham can impact local gold prices.
3. Supply and Demand
• High demand for gold jewelry and investment can push prices up.
• Seasonal trends (festivals like Diwali, wedding seasons, and Akshaya Tritiya) often lead to price surges.
4. Interest Rates and Inflation
When interest rates are low, gold prices tend to rise as it becomes a more attractive investment. Similarly, high inflation often leads to increased gold prices as investors turn to it as a safe haven.
5. Import Duties and Taxes
Dubai is known for its tax-free gold, which makes it cheaper than in other countries. However, fluctuations in import duties can still impact local gold prices.
Where to Buy Gold in Dubai?
Dubai has numerous gold markets and jewelry stores offering high-quality, certified gold. Some of the best places to buy gold include:
1. Dubai Gold Souk
A traditional gold market in Deira, featuring over 300 shops selling gold jewelry, bars, and coins. You can find a variety of designs and negotiate prices here.
2. The Dubai Mall & Mall of the Emirates
Luxury brands like Damas, Malabar Gold & Diamonds, Joyalukkas, and Tanishq offer certified gold jewelry in premium malls.
3. Al Fahidi Street, Bur Dubai
Known for its gold and electronic shops, this area offers competitive prices and a wide selection of jewelry.
4. Online Gold Dealers
Many reputable jewelers offer online gold purchasing options with real-time pricing, including:
• Malabar Gold & Diamonds
• Joyalukkas
• Kalyan Jewellers
• Tanishq
Tips for Buying Gold in Dubai
1. Check the Gold Price Daily – Since gold rates fluctuate, compare prices before making a purchase.
2. Buy from Reputable Dealers – Always purchase from certified jewelers to ensure authenticity. Look for Hallmark Certification (Dubai Municipality-approved).
3. Negotiate Making Charges – The gold price is fixed, but you can negotiate making charges (labor costs for crafting jewelry).
4. Verify the Gold Purity – Check for 24K, 22K, 21K, or 18K stamps on the jewelry to confirm its purity.
5. Ask for a VAT Refund – Tourists can get a 5% VAT refund at the airport if they buy gold from participating stores.
6. Choose Investment Gold – If you’re buying for investment, opt for gold bars or coins instead of jewelry to save on making charges.
Gold Investment in Dubai: Is It Worth It?
Gold is considered a safe-haven asset, and investing in Dubai’s gold market offers several benefits:
• Tax-Free Purchases – No VAT or import duties on gold bullion.
• High Liquidity – Easy to buy and sell gold in Dubai at market rates.
• Stable Long-Term Value – Gold prices tend to increase over time, making it a strong investment option.
If you’re considering long-term investments, it’s best to buy 24K gold bars or coins instead of jewelry, as they have lower resale deductions.
Final Thoughts
Dubai remains one of the best places in the world to buy high-quality gold at competitive prices. Whether you’re purchasing jewelry or investing in bullion, staying updated on daily gold rates can help you make an informed decision.
By following the latest gold prices, understanding market trends, and shopping at reputable stores, you can ensure a profitable and secure gold-buying experience in the UAE.
Planning to buy gold soon? Keep an eye on the prices and make your purchase at the right time!
