Dubai is famous for gold, and one of the most fascinating traditional markets in the city is the Gold Souk. It houses a multitude of stores offering authentic and eye-catching jewelry. The prices here vary according to the gold rate and buyers can negotiate them with sharp bargaining skills.
It is a place worth visiting for all the tourists.
The History of Gold Souk
When you hear of Dubai, most people immediately think about the city’s famed Gold Souk. In fact, the country’s oldest traditional market sells more than just gold; you can also shop for silver, diamonds and precious stones at this bustling marketplace.
Gold Souk is located on the Deira side of Dubai Creek, just a short walk from other traditional souks and abra stations. If you are using public transport, the easiest way to reach it is by taking the Dubai Metro to Al Ras Station or Baniyas Square Station. Taxi drivers will also know the area well and can help you get to the Gold Souk. Many visitors to the UAE find a visit here to be a definite must on their travel itinerary.
The Location of Gold Souk
Located in the Deira area of Dubai, the Gold Souk is a great place to spend a few hours, whether you’re looking to buy gold or just look around. It is also home to a variety of other retailers selling everything from textiles to spices.
The prices of gold in this market aren’t regulated, so haggling is a must. It’s best to be familiar with the current market price of gold per karat weight before visiting this famous shop, which is usually displayed on signs throughout the souk as well as in each store’s window.
Remember to negotiate the making charges (which are the labor costs of putting your design on the gold). You can bring the price down by half or more if you’re good at negotiation.
The Timings of Gold Souk
Many city tours in Dubai include a visit to the Gold Souk. This bustling market is home to more than 300 gold dealers who have been serving customers for decades.
The Gold Souk is open from Saturday to Thursday at 10 am and Friday at 4 pm. It is advisable to arrive before 4 pm as the shopkeepers are more willing to negotiate during this time.
It is best to purchase in cash as most vendors prefer it. However, if you are unable to do so, make sure you ask the dealer for a receipt.
The Gold Souk is a must-visit for those looking for an amazing souvenir from Dubai. It offers a unique shopping experience and has a mystical aura to it that will leave you wanting more.
The Prices of Gold Souk
In the United Arab Emirates, many people love to surround themselves with gold. You might see it on their doorknobs, their cars or even their phones. So it’s no surprise that Dubai has one of the largest gold markets in the world. The shops here are scrupulously regulated by the government, so you can be sure that what they’re selling is authentic.
The prices of gold vary by store, but most will be based on the weight of the item and the workmanship charge. Be prepared to haggle, as the sellers expect it and will often give you a lower price if you show them similar items at other stores.
The best way to reach this market is by abra (traditional boats that have been ferrying traders across Dubai Creek since the old days). It’s also part of most tour operator’s city and heritage tours.
The Things to Do in Gold Souk
Known for its over 300 retailers who trade almost exclusively in gold, the Gold Souk is one of the most popular attractions of Dubai. It is a narrow stretch of shops in Deira, across the Dubai Creek from Bur Dubai.
You will find a variety of jewelry in this market, from ornate chunky bangles to cascading necklaces. It is best to shop smart and research prices online before you visit the market. Also, it is important to bargain because gold prices fluctuate often.
While visiting this market, be wary of street vendors and only buy from authorized retail stores. Be sure to check the gold rate before shopping as well, which is listed by caratage and per gram. It is better to buy from a retailer that follows the official government rates. Gold Souk