Gold Shopping in Dubai – 5 Tips Before Visiting Deira Gold Souk

If you are in Dubai, your trip cannot complete without visiting the gold markets. It is among the best and most popular tourist destinations in the Emirate. This city is well regarded for gold trade. With almost a huge range of retailers out there, you might be wondering which areas you need to stop by. Deira Gold Souk is the heaven for gold shoppers in Dubai city tour. 

You can book Dubai sightseeing tour at best prices with DMC of Dubai. This place is the most popular stopover as there are plenty of options for gold shopping and the way this place was established. Deira Gold Souk is the most visit tourist attraction if you are visiting Dubai. Gold is lined up from one aisle to another.  

* Opening Hours & Closest Metro

The opening hours for Deira Gold Souk are from 10 AM to 10 PM from Saturday to Thursday and from 4PM to 10 PM on Fridays. 

To get there via public transport, Al Ras Metro station (Green Line) is the closest metro station and Dubai Metro is the best way to go. Exit the station and ask anyone about the famous gold market. Or you can book Dubai tour package to avoid the hassles of traveling. 

* Gold Shopping Tips at Deira Gold Souk

If you are visiting Dubai for gold shopping, here are the tips to shop and get the best value for your money – 

1. Have Proper Knowledge Of Gold Prices

 Like stocks, gold prices also go up and down every day.  You should know how much the gold costs in open market. Along with it, you should also have the knowledge of gold rate in Deira Gold Souk. You can easily bargain with the vendors if you know the market price. Going prices are also listed in the market in AED. 

2. Types of Gold

Before buying anything in the market, you may want to do proper research. Gold is sold by weight and Karat. It is the karat which defines purity of gold. If it’s a 24 Karat gold, it means the gold is 100% pure. And pure gold is always soft. So, other metals like zinc, silver, nickel and copper are mixed to harden it. Gold is also available in various colors. It refers to the amount of alloys and types of alloys mixed in the gold. 

3. Know Your Jewelry

Ask about the weight and karat once you decide the type of jewelry you buy, such as bracelet, ring, earring, necklace and gold chain. The pieces you pick will be weighed at the shop.

4. Don’t Forget To Bargain

Bargaining is an art you can learn with time. Sellers know that shoppers are used to haggle. So, they always charge a bit higher than the actual price. So, try to get 25% off the price quoted. Try to bargain as per the price within your budget limit. If you cannot compromise, you can walk away. The haggling depends upon the Make and the Rate. 

• • Rate – Be sure to keep an eye on the per Karat rate of the pieces. Shops always remain updated with the gold rates. They are always monitored by the police. In case a customer complains that a shop is charging higher, they will be at risk. So, you can rest assured that the rates would be similar in all stores. 
  • Make – It is the price of workforce required in making the jewelry you are going to buy. Having intricate detailing means higher Make charges. This is where you can actually haggle. Different shops have same designs or pieces. You can shop around and compare the Make charge. 
  • Be sure to shop as much as you can to get a better price. Also keep in mind that haggling can be harder for more intricate designs of the gold in order to get the lowest price. You can only haggle on the Make because gold rate is fixed on the weight and carat.

5. Don’t Stick to Just One Shop

Never settle for just one price. There are different vendors to shop around. A lot of stores offer the same pieces. They vary in price only on your bargaining skills. There are hundreds of retailers to choose. You can get better prices in shops located in the nooks and corners as they don’t get many customers.  You can find better deals by going down the narrower alleys.

Also stick around the stores which are closely monitored by government for the quality of gold. You can always ask from the vendors about the quality of gold. They are used to hear questions like “Is the gold imitation?” from the customers. Actually, they cannot survive any longer by selling fake items. 

6. Don’t Be Too Stubborn

Haggling doesn’t mean you can go into an argument with the shopkeeper for the lowest rate possible. It doesn’t pays off. If you have chosen an accessory that you like the most but you cannot haggle for lowest price, you can just agree or walk away. There is no third option. If a jewelry piece in your budget, it shouldn’t be your problem. The seller also cuts off another dollar sometimes as appreciation that you are going to buy. Don’t go too much into a haggle if you can’t afford to buy a piece. 

Book You Trip Here

7. Bottom Line

Deira Gold Souk has a rich and long back history when Iranian an Indian traders have had set up their shop in the good old days. Today, this area has become the sprawling landmark in Old Dubai. It is well regarded for selling cheap gold in comparison to nearest areas. This is why, a lot of tourists visit here. We hope you’ve liked the tips above to buy the gold. 

 

Anjna Global is the best Destination Management Company based in Delhi, India. You may book Dubai group tour package at best prices and enjoy a memorable Dubai holiday. 

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