Deira Gold Souq - Dubai

The gold souq in Dubai is one of the most famous and visited souq. It's a fascinating place that should be on every tourist's itinerary. With its enormous collection of shops, its remarkable variety of goods and its exceptionally reasonable prices, the Dubai Gold Market is the ultimate destination for jewellery lovers. Window upon window is crammed with bracelets, necklaces, rings, diamonds, emeralds, rubies, sapphires and more, making the Gold Souk one of the most popular tourist stops in the Middle East. In particular, it looks spectacular at night.

Back in the 1940s, traders and entrepreneurs from India and Iran pitched their stalls in the Deira area of what is now the sprawling metropolis of Dubai. Today the Deira Gold Souk has an estimated 10 tons of gold present at any given time and the narrow lanes are lined with over 300 retailers dealing almost exclusively in gold. The Deira Gold Souk said to be one of the cheapest place in the world to buy gold. The government keeps tight control over the quality of the merchandise in the stores, so rest assured that any purchased made at the Deira Gold Souk are genuine. Whether or not you’re actually in the market to buy gold, a stroll through the market is a must. Every store window glitters with gold bangles, necklaces, rings, and more!

The market price of gold is displayed on signs around the souq and in individual stores. prices are listed for 24K, 22K, 21K and 18K per gram. Pieces are sold by weight according the current market gold price with additional  making charges. And the advantage is you can bargain for the price. if you bargain they will reduce the making charges. Also similar items can be seen in may other shops as well. So better take your time to shop around. Credit card are accepted but better discounts can be obtained for cash purchase.

English is widely spoken and the sales people are eagerly willing to show you whatever you like. Once you find a few pieces you like, ask what carat each piece is and the weight in grams. The sales person will weigh each piece on a scale.

This souq is located in Deira and which is easily accessible by metro and bus.

The Deira Gold Souk is open Saturday – Thursday from 10am to 10pm and Friday from 4pm to 10pm.

You can refer the below pictures to get an idea about the Deira gold souq.