Gold price in Dubai
Dubai is like a paradise for people around the world. It is known for looking at its modern buildings, luxury shopping, shining nightlife and turret to be seen. Apart from this, Dubai is also known for its famous gold markets, due to which it is also called City of Gold.
You will be surprised to know that there is not a single gold mine in Dubai. Then where does gold come from here? The shining gold that you see in Dubai comes most from African countries, Türkiye, Switzerland and Russia. And who buys it? By bringing gold from mines around the world, refine it and sells it most from Dubai to India and China, which are the most gold -use countries in the world. Now before comparing the price of gold in India and Dubai, understand how to measure the purity of gold in Dubai.
The purity of gold is measured from carat or karat. 24 carat gold means complete pure gold. 22 parts of gold and 2 parts of other metals are found in 22 carats. Similarly, 21 and 18 carats also have other metals. In Western countries, it shows it in finance. Such as 24 carat means 1,000 out of 1,000 pure ie Finance 1.000.
The 22 carats are taken out in such a way that the finance comes. 9166, ie 916.66 purity. 21 carat fineness is .875 and 18 carat. 750. Hence 22 carats are shown from Finance. 9166 or 916.66.
Dubai Jewelery Group (DJG) indicates the correct price of gold in the Dubai jewelery market. In most shops, a new price is shown 3 times daily on the screen. If you are Indian, then you need UAE Dirham (AED) to buy gold in Dubai. It takes around Rs 23.50 to buy 1 dirham at the current rate. On July 23, 24 carat gold was 1 gram AED 405.25 in Dubai i.e. around Rs 9,523. At the same time, the same gold in India was around Rs 9,888 per gram.
As the carat will be low, the price will also be lower the rate of 22K AED 375.25, 21K AED 359.75 and 18K AED was 308.50. If you buy gold worth Rs 2 lakh (about 20 grams) from Dubai, then you can save up to Rs 7,000. Today, the price of gold in India is Rs 99,450 per 10 grams. For the first time in 2025, on July 23, the price of gold crossed Rs 1 lakh, which is a record so far.
Bringing gold from Dubai is not easy, unless you obey the rules. If you are out for more than 6 months, then you can bring up to 1 kg of gold in a check -in bag, provided you have declared it and have given custom duty. Indian women can bring gold up to 40 grams or up to 1 lakh rupees without duty. Men can bring gold up to 20 grams or up to Rs 50,000.
If there are children, children under 15 years of age can also bring jewelry up to 40 grams without duty in a value of up to Rs 1 lakh. Overall, 1 passenger can bring only 1 kg of gold. Show bills and receipts at the airport.
Gold in Dubai is cheaper than India because there is no tax. There is no GST on sleeping in Dubai. Just 5% VAT seems to be. But there is nothing to panic. In Dubai, you can claim the entire refund of VAT. Just take care of the deadline for this.
