Gold Souk Dubai is a must-visit destination for anyone looking to buy gold or explore one of Dubai's oldest trading spots. This market is one of the best known worldwide and it offers very competitive prices as well as beautiful jewels.
The history of Gold Souk Dubai can be traced back to 1900s and even before the formation of UAE. The market was established in the 1940s when traders from India and Iran started to bring gold and other precious metals to the country to sell it. Gold Souk Dubai began its period of transformation in 1970s up to date when it became legendary. However, today, undergoing through some modern expansion and face-lifting, it still maintains the old Arabian looks. Many shops are more than 40 years old, which makes the market perfect for residents and guests of the city.
Gold Souk Dubai is situated in the middle of Deira area making it easily accessible. The Al Ras Metro Station of the Green Line is nearby, which is only a five-minute walk to the station. There is a large flow of people and not enough space to park a car, so it is better to take a taxi, which will take you directly to the entrance.
What to buy at Gold Souk Dubai
Gold Souk Dubai is visited for the very many and varieties of gold and jewellery. The market is well stocked with the most trendy designs, ranging from the Arabic designs to the modern and contemporary designs, thereby supporting different people’s preferences and tastes. There are all types of ornaments for shoppers starting with gold necklaces, bracelets, and earrings moving to gold sets, pendants, and bangles. Of all the items mentioned above, engagement rings are the most popular here.
Besides gold ornaments, the souk has other valuable stones such as diamonds, sapphires, emeralds, and ruby. Many shops allow customers to create custom pieces, ensuring you get exactly what you want. Trading is mainly done in grams and 24-karat gold. The souk has been estimated to contain as much as ten tonnes of gold at any one time.
When to visit
Gold Souk Dubai is open from morning till evening, normally starts at 10 in the morning and closes by 10 in the evening. Store hours can vary, especially on Fridays. However, due to the fact that the souk is located, most of it is outside and hence the best time of day to go is when the sun is not scorching at its high. A more comfortable season to shop is on winter season; however, since the surroundings are covered and air-conditioned, shopping during summer is also bearable.
So, when you are around it is wise to make a trip to the neighbouring spice souk an absolute must. The alleys of the spice souk are packed with merchants who have all types of herbs and spices in stock and saffron is a relative bargain here.
Tips for a successful visit
Bargaining: It is always possible to negotiate the prices at the souk. Do not be afraid to haggle in order to get the best deal.
Check the Daily Gold Rate: Ensure that you are familiar with the current gold rate before you go out to shop for any big item. This will assist you in identifying whether or not you’re being charged reasonably.
Explore and Compare: Since there are many shops in the souk, do not buy the first piece you see, but try to look at other shops and compare the prices and styles.
Authenticity: To avoid such products which might be fake, make sure you are buying from legit stores. Find out whether the seller has a certification, and always request for purchase receipts.
Cash Payments: Credit cards are mostly accepted but paying in cash might enable you to negotiate for a better price. Ensure that you pay and afford to pay for your buys by having cash on you.
Gold Souk Dubai is not only a shopping center but also a great opportunity to get acquainted with the traditions and culture of the Middle East. Whether you are a bullion buyer or just wishing to rub shoulders with such super-rich individuals, it is a place that should not be missed.