Where to Buy Gold in Dubai: A 2025 Guide

Dubai ranks among the world’s top three gold trading hubs, handling 20–30% of global gold trade annually alongside Switzerland and London. 

Backed by tax exemptions, tight regulation, and strong international links through DMCC and Deira’s historic Gold Souk, the emirate offers some of the most competitive gold prices globally. 

As of May 2025, gold is priced at USD 3,200/oz, driven by surging investment demand and a bullish global outlook—Goldman Sachs forecasts gold reaching up to USD 4,500/oz by year-end. 

Despite record-high prices, Dubai remains a strategic destination for both jewelry buyers and gold investors, supported by zero VAT on investment-grade gold, no capital gains tax, and a VAT.

Types of gold you can buy in Dubai

Dubai’s gold market caters to a broad spectrum of buyers—from retail shoppers and tourists to institutional investors—by offering a wide variety of gold products. 

Whether you're buying for adornment or investment, understanding the types of gold available will help you choose the right product for your goals and budget.

1. Gold jewelry (22K, 21K, 18K)

Jewelry remains the most popular form of gold purchased in Dubai, especially among tourists and expats from South Asia and the Middle East.

• 22K gold (91.6% purity): Favoured for traditional wedding and festive jewelry. Its balance of purity and durability makes it ideal for intricate Arabic and Indian designs.
• 21K gold (87.5% purity): Common in Gulf and Levantine-style jewelry, offering slightly higher durability with a minor trade-off in purity.
• 18K gold (75% purity): Contains more alloy metals, making it stronger and suitable for modern Western-style designs, including diamond-studded pieces and daily wear. Available in yellow, white, and rose gold tones.

Pricing tip: Jewelry prices include the cost of gold based on weight and karat, plus making charges—which can range from AED 10 to AED 500+ per gram, depending on design complexity.

2. Gold bullions: gold bars and coins (24K, 995 or 999.9 purity)

For those buying gold as a long-term investment, 24K gold is the preferred choice.

• Gold bars: Available in a wide range of sizes—from 1g to 1kg. Common options include 5g, 10g, 100g, and 1kg bars. Lower premiums per gram make larger bars more cost-effective.
• Gold coins: Popular for gifting and portfolio diversification. Sizes typically range from 1g to 50g, including customized medallions for weddings, corporate gifts, and religious occasions.

Investment advantage in 2025: Investment-grade gold (99% purity and above) is zero-rated for VAT, and there's no capital gains tax in the UAE.

3. Digital gold

Digital gold is a form of gold ownership where you buy and hold fractional quantities of physical gold, fully backed by gold stored in secure, regulated vaults—but managed entirely online. 

Unlike paper gold or traditional gold ETFs, digital gold represents direct legal ownership of real, deliverable gold, without needing to take physical possession.

In Dubai, Comtech Gold is the leading regulated provider of digital gold. It enables investors to purchase as little as 1 gram of 999.9 purity gold, with blockchain-based proof of ownership and the ability to convert holdings into physical gold bars when desired.

How digital gold works (2025)

• You buy gold online (e.g., 1g, 10g, or 100g).
• The platform stores the equivalent quantity of physical gold in a DMCC-regulated, fully insured vault.
• Ownership is issued in your name and recorded on a blockchain ledger for transparency and security.
• You can:
  • Sell back at live gold prices
  • Transfer ownership
  • Convert to physical gold bars for delivery or collection 

Key features of digital gold in Dubai

4. Gold exchange traded products (ETPs)

Gold Exchange-Traded Products (ETPs) offer investors a convenient and cost-effective way to gain exposure to gold without the need to physically store the metal. 

Dubai investors have access to both locally listed gold ETPs and a wide range of internationally listed products through licensed brokers. Here's an overview:

Gold ETPs listed in the UAE

📌 Trading access: To buy the DFMGI Gold ETF, investors must have a DFM Investor Number (NIN). The ETF trades Sunday to Thursday, 10 AM–2 PM GST.

Internationally listed gold ETPs available to Dubai residents

Dubai residents can buy global gold ETPs through UAE-licensed or international brokers. Some of the most popular options include:

These ETFs are physically backed and stored in secure vaults (e.g., HSBC, JPMorgan, Swiss vaults, or government-backed). Some allow physical redemption.

Where to buy gold jewelry and gold bullions (offline)

What to look for when buying physical gold in retail

When shopping for gold jewelry or bullion in Dubai’s retail markets, keep these key checks in mind:

• Purity marking: Ensure gold is stamped with its karat (e.g., 22K, 18K) and hallmark certified.
• Making charges: Understand how much of the price is actual gold vs. craftsmanship fees, which are negotiable in souks.
• Invoice breakdown: Ask for a detailed invoice showing gold weight, purity, price per gram, making charges, and VAT.
• Gold rate of the day: Check the official gold rate on dubaicityofgold.com before entering a shop.
• Buy-back policy: Some shops offer guaranteed repurchase or exchange. Clarify the terms before buying.
• VAT refund for tourists: If you're a visitor, ensure the shop is registered for tourist VAT refund processing.

Where to buy gold bullions (online) in Dubai

What to look for when buying gold bullions online

• Purity: Look for 995 (99.5%) or 999.9 (99.99%) purity—these meet international bullion standards.
• Certifications: Reputable bars will be certified by:
  • LBMA (London Bullion Market Association)
  • UAEGD (UAE Good Delivery)
  • DMCC-accredited refiners 
• Brand: Emirates Gold, PAMP Suisse, and Perth Mint are among the most recognized mints available in Dubai, ensuring easier resale globally.
• Buy-back options: Ask retailers about guaranteed repurchase terms or current spread rates for reselling your gold.
• Storage and security: Make sure to check if their vaulting services are reliable. Look for the DGCX (Dubai Gold and Commodities Exchange) approved vault.

Where to buy digital gold in Dubai

What to look for when buying digital gold

Digital gold offers convenience and fractional access—but not all platforms are equal. Here's what to check before investing:

• Asset backing: Confirm that your digital gold is 100% backed by physical gold stored in a secure, regulated vault. Look for DMCC or UAEGD affiliations.
• Regulatory status: Choose platforms licensed by DMCC, DIFC, or compliant with UAE’s Securities and Commodities Authority (SCA). This ensures oversight and investor protection.
• Storage transparency: Reputable platforms publish audited vault holdings, often updated daily or weekly, with third-party custodians like Brinks or Emirates Gold.
• Minimum redemption terms: Most platforms require a minimum holding (e.g., 50g) for physical delivery. Understand the conditions before buying.
• Ownership proof: Look for blockchain-based certificates or verifiable digital ledgers that confirm your individual ownership—not pooled.
• Fees and spreads: Compare buy/sell spreads, storage fees, and delivery costs across platforms. Some platforms hide high costs in poor exchange rates.
• Shariah compliance (if applicable): For faith-based investors, ensure the platform complies with AAOIFI standards or states Shariah approval.

Where to buy gold ETPs (ETFs, ETCs, and listed products)

Most platforms allow trading in USD, EUR, GBP, or AED. Always ensure brokers are SCA-licensed (UAE Securities and Commodities Authority) or operate under a recognized offshore financial center like DIFC or ADGM.

What to look for when buying gold ETP

1. Regulatory compliance

• Ensure your broker is licensed in the UAE or a recognized jurisdiction.
• For UAE-listed ETPs, verify on the DFM or ADX websites.

2. Cost structure

• Expense Ratios (TERs): Range from 0.15% (PMGOLD) to 0.40% (GLD).
• Brokerage fees: Sarwa offers 0% commission; Saxo charges ~US$1.6 per trade.

3. Storage and backing

• Confirm the gold is physically backed, not synthetic or swap-based.
• Reputable ETPs store gold in LBMA-accredited vaults (e.g., London, Zurich, Dubai).

4. Currency and tax implications

• No capital gains tax in the UAE.
• No VAT applies to gold ETPs (only to jewelry).
• Watch out for currency exposure if the ETP is in USD/EUR and your base currency is AED.

5. Physical redemption (optional)

• Some ETPs like Xetra-Gold and VanEck Merk Gold Trust (OUNZ) allow redemption for physical bullion—usually with minimum size and processing fees.

Investing in Gold in Dubai: Physical vs Digital vs ETPs

Gold has always played a central role in wealth preservation, and in Dubai, investors now have more ways than ever to gain exposure to it. Beyond traditional physical gold—like bars, coins, and jewelry—2025 has seen a surge in demand for digital gold platforms and gold ETPs (Exchange-Traded Products) that offer access through regulated brokers.

Each method offers distinct advantages. Physical gold gives you tangible ownership, digital gold offers flexibility and low entry costs, and ETPs provide liquidity and global access through stock exchanges. Here’s a side-by-side comparison to help you choose the right option based on your investment goals, risk appetite, and convenience.

Buying physical gold in Dubai? How to verify gold authenticity and avoid getting scammed

Despite Dubai’s strong regulatory framework and reputation as the "City of Gold," verifying gold authenticity is still essential—especially in high-traffic areas where tourists are common targets. Here’s what you should look for:

1. Look for hallmark stamps and purity certifications

All genuine gold sold in Dubai—whether it’s jewelry, coins, or bullion—must carry a karat stamp and purity hallmark, such as:

• 999.9 for 24K gold
• 916 for 22K gold
• 750 for 18K gold

These marks are usually engraved directly on the gold item. Retailers are required by law to sell hallmarked gold regulated by the Dubai Central Laboratories Department (DCLD) under Dubai Municipality.

2. Ask for an authenticity certificate

Legitimate retailers will always provide:

• A certificate of authenticity for gold bars, coins, or high-value jewelry
• An itemized invoice that includes karat, weight, daily gold rate, making charges, VAT, and any embedded stones or gems

For investment-grade bullion, request original packaging and certificates from the mint (e.g. PAMP Suisse, Emirates Gold, Perth Mint).

3. Buy only from registered and reputable retailers

Always choose gold sellers who are:

• Registered with the Dubai Gold & Jewellery Group (DGJG)
• Licensed by Dubai Economy and Tourism (DET) or DMCC (for bullion traders)

You can verify a store’s status using:

• The Dubai Consumer app (run by Dubai Municipality)
• The DGJG website: https://dubaicityofgold.com

Avoid pop-up stalls or temporary outlets in markets—even if they offer attractive rates.

4. Verify scales and price displays

Shops are required to:

• Use government-certified digital weighing scales
• Display the daily Dubai gold rate prominently

You can check the official rate on:

• Dubai City of Gold
• UAEGoldPrice.com

5. Avoid red flags and pressure tactics

Watch out for:

• Unsealed packaging, especially for bars and coins
• Shops unwilling to provide invoices or authenticity certificates
• Claims of “special discounts” without transparency on weight or karat
• High-pressure sales tactics pushing bundled purchases or vague returns policies

Can tourists buy gold in Dubai and take it home?

Yes — tourists can legally buy gold in Dubai and take it back to their home countries. In fact, it’s one of the most popular shopping activities among visitors thanks to Dubai’s competitive gold prices, tax-free investment options, and generous VAT refund schemes. However, there are a few important things to take note of:

1. VAT refund eligibility for tourists

Gold jewelry purchases in Dubai are subject to a 5% Value Added Tax (VAT). The good news: tourists can get a refund on eligible purchases.

Here’s how it works:

• Minimum spend: AED 250 per invoice
• Participating retailer: Must be enrolled in the official tax refund scheme (Planet Payment)
• Documentation needed: Passport at purchase, and boarding pass + tagged invoice when departing
• Process: After shopping, validate your refund claim at the airport kiosk (DXB/DWC) before security. Refunds can be issued to your credit card, bank account, or in cash.

📌 Tip: Not all stores process tourist VAT refunds — always ask first before purchasing.

2. Customs regulations by destination country

While Dubai itself does not limit how much gold a tourist can buy, your home country might. You are responsible for understanding import rules at your destination:

Examples:

• India: Allows up to 20g (women) or 40g (men) duty-free gold if returning after ≥1 year abroad; beyond that, customs duty applies.
• UK: Gold counts toward the personal allowance for duty-free goods (~£390); anything above may be taxed.
• Saudi Arabia (KSA): Requires declaration above certain thresholds; gold over ~SAR 60,000 in value may trigger customs inspection.

✔️ Always check your country’s official customs website before flying back to avoid penalties or confiscation.

3. Airline policies and baggage limits

• Gold is best carried in hand luggage to reduce loss/theft risk.
• Keep purchase receipts and certificates accessible for verification.
• Some airlines may have limits on carrying high-value items — check with your airline ahead of time.

Summary checklist for tourists

Frequently asked questions: Gold investment in Dubai

1. Is gold cheaper in Dubai compared to other countries?

Yes. Dubai typically offers some of the most competitive gold prices globally. The absence of capital gains tax, low import duties, and minimal premiums—especially on investment-grade bullion—make it attractive. Tourists can also benefit from VAT refunds on jewelry purchases.

2. What is the current VAT rate on gold in Dubai?

As of 2025, 5% VAT applies to most gold jewelry purchases. However, investment-grade gold (99% purity and above, in bar or coin form) is VAT-exempt. Always verify with the retailer whether the product qualifies for VAT relief.

3. Can I get a VAT refund as a tourist?

Yes. Tourists are eligible for VAT refunds on gold jewelry purchases over AED 250, provided the retailer participates in the official tax refund scheme (e.g., Planet Payment). You’ll need to validate your purchase at the airport before departure.

4. Where can I check today’s gold price in Dubai?

Live gold rates in Dubai are published daily by:

• Dubai Gold & Jewellery Group (DGJG)
• UAEGoldPrice.com
• Digital platforms like the Dubai Gold App

Prices are typically quoted in AED per gram for 24K, 22K, 21K, and 18K.

5. Is it safe to buy gold online or through an app in Dubai?

Yes—if you use licensed and DMCC/SCA-regulated platforms like Comtech Gold, Ogold, or JustGold.me. These platforms offer fractional ownership of vaulted physical gold with features like blockchain verification, delivery options, and Shariah-compliant services.

6. How do I know if a gold shop in Dubai is legitimate?

Stick to retailers:

• Registered with the Dubai Gold & Jewellery Group
• Located in reputable districts like Deira Gold Souk or Dubai Mall
• That provide hallmarked items and authenticity certificates

You can verify shop legitimacy through the Dubai Consumer App or Dubai Municipality.

7. What is the difference between gold ETFs and digital gold?

• Gold ETFs/ETPs are listed financial instruments traded on stock exchanges (e.g., GLD, IAU), best for liquid market exposure.
• Digital gold allows direct but fractional ownership of physical gold via online platforms, with low entry barriers and optional delivery.

8. Can I take gold purchased in Dubai back to my home country?

Yes. However, customs rules vary by country:

• India, UK, Saudi Arabia, and others have specific weight/value allowances.
• Always carry receipts, keep gold in hand luggage, and check your home country’s duty-free limits to avoid penalties.