dubai gold souk
- Author- Rose Mary
- Publish Date-
We all know how lavish and thrilling Dubai is. But underneath its luxury lies the traditional old Dubai, filled with the cultural markets built in traditional style, which gives us a sense of the city before it became so modern. If you travel to Dubai, it becomes a mandate to visit the Dubai gold souk. This place attracts lots of tourists from all over the world as is something that should be experienced by every traveler out there.
Read this article till the end to know about the Dubai gold market.
WHAT IS THE DUBAI GOLD SOUK?
This is a traditional market that is situated at the heart of Dubai near the creek. Silver, gold, and other precious stones are sold here. Due to the variety of products, and also because of the reasonable prices, visitors prefer to visit this place a lot. Picking up a gift for your loved ones is never a bad idea. And here, you get the best gold gift items.
The market has over 300 retailers present in it. Some shops are as old as 40 years, and some are recently opened ones. The Dubai gold souk is located just near the creek, and the fish and vegetable market. It is located at the Sikkat al khali street.
The gold souk Dubai metro is the Al ras station. It is on the green line. You can reach here by walking for five mintues.
JEWELRY AND PRICES
You get to see the market price here displayed upon a board. The price ranges as 24K, 22K, 18K, and 21K in AED currency per gram. The pieces are sold as per the price mentioned on them and in gram basis. An additional charge of the workmanship is also taken, which is reasonable.
Most of the stores in the market are independent. They open and close as per their choice in a day. The stores generally operate from 10am to 10pm. Some stores are closed during the afternoon hours from 1pm to 4pm.
The best time that you can choose to visit this place is between 10am to11am. The heat is less, and there is plenty of time left for the shops to close. Also, the market is a little crowded during this hour, it is less intense than the evening time.
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The gold souk Dubai prices are commendable. You will get the best market price here with a little haggle. This is the reason why it has become so popular among the tourists from all over the world. The prices depend on the market rate, which tends to fluctuate often. Most of the shops charge you as per the grams, others charge you depending upon the karats of the item. You can also find some great deals on the jewellery here.
This place needs to be by every tourist at least once in their lifetime. The gold souk marketplace is almost 100 years old and is the most hustling bustling market in the entire souk area.
You can also get to socialize with the merchants here who tell several stories about the history of the place to keep you engaged.
HOW TO BUY?
In case you are looking to shop from the gold souks in Dubai, you can take some advice on that:
NEVER ACCEPT THE FIRST PRICE
Just like the stocks, the gold prices also fluctuate every day. Hence it is important to know the current market price of the same. This is the most important factor that you should consider while making a purchase here. When you know the market price of gold, you can haggle with the vendors and get a better price.
Always make sure to haggle and never pay the first price that they say.
KNOW THE TYPES OF GOLD
Before you buy, you should do a little research on the types. The golds are sold on the basis of grams and carats. The higher the karat, the more pure the gold is. This basically means that a 24 karat gold is pure 100 percent. The pure item is soft and hence it is mixed with silver, zinc, nickel, or copper to make it hard.
The item also comes in different colors which help in differentiating it with the different kinds of alloys mixed with them.
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LEARN TO HAGGLE, A LOT.
You can haggle your heart out in this city. If you know how to, you can get the jewelries at a much lower price than the gold souk dubai mall. Also try to barter as you try to lower the price, and learn to walk away if the vendor does not compromise with the price. The sellers too expect from the customers to haggle, because this way their prices buffer. This art is based on the MAKE and RATE.
- MAKE: this is the labor charge that is cost upon the item. The more beautiful and sophisticated the design, the more work charges it will cost you. But, this is where you can haggle the most, as most of the shops have different rates, you can try to lower them.
- RATE: You must check the gold rates presented outside. These are updated on a real time basis and change every day. The shops here are pretty strict for the rates of the items and stick to it. This is mainly because they are closely monitored by the police. If some customer complains about any wrong undertaking, the shop will have to pay heavy penalties, as the rules are very strict in this city.
EXPLORE DIFFERENT SHOPS
Before you make your decision, make sure to explore different options from all the other shops. This way you will get more variety of gold jewelry that you can choose from. This also provides different price ideas so you can go for the more affordable one.
The shops around the corners and nook offer better prices, so make them your target when you visit this place.
- Stay out from the larger shops and rather look for the smaller ones. They are situated in the corners of the market. You will get a better price from there.
- If you want to get more traditional Arabian style jewelry, you can head to the Al Romaizan. You will get to see a famous display of a body suit that is made of gold there.
- There are many Dubai gold souk facts that are interesting which makes this an A1 travel destination.
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The Dubai gold souk is the most unique as well as the most competitive market globally. Hence, visit this place if you make plans to visit the amazing city of Dubai.