May you have arrived at this page because you are curious to buy or know about the gold market of Dubai and it's cheaper gold products.
The term "souk" mean market hence in Dubai it's called gold souk.
There are many gold souk in Dubai however the one where you can get the gold product in cheap is our topic of discussion.
Hence I am writing about the old gold souk of Dubai its the most cheapest gold market i could purview.
How to get there :-
I will not tell you the exact way because it would cause you inconvenience instead of make a search for "Sabka bus stop" near Dubai creek on Google maps and draw your way accordingly. Gold souk is just near to this bus stop maybe 600 m walking however you could get the taxi from there (beware of traffic).
You will recognised the place by its gate, it's a wooden gate and gold souk is written on it.
Price of gold: -
The price of gold is a combination of the following: -
Price of gold product = ( gram of gold x gold rate today) + ( grams of gold x making charges) +/- bragining power
Gold rates are different for different type of quality which are 22, 21, 24, 18 carat. You can check the gold rate at the kheemji.Com its ok if you check it in the morning otherwise its written on every shop and even on street of gold souk. Gold rate is steady till evening, it can get changed in evening but practically it does not.
Making charges on gold is something is the matter of discussion, making charges are based on the design and seller's mind. Here you have the capacity to bargin in making charges of gold product.
Which store to shop from: - (unbasied and its not a paid review)
I have noticed that there are seller who are arabics and indians. Both are the very much a player of market and both are authuntic. However shop of arabics have 21 K gold product not 22K while indian shops have 22K, however the rate is accordinly vary.
There are many shop who only offers 18K gold products, in the indian context its just not enough gold: ).
I almost went to every store that say gold seller and finally found that there is a seller group named "kanz jewellary LLC " who is holding 4-7 shops in the same market for different segmant of the jewellary. I found the largest collection at its stores and varity in every type of design were relativity wide. Try asking at every shop for "turkish design rings" and you will find the difference yourself.
There is a shop named "Popley jewellary" i went there and its not exactly the same as it looks from outside, staff are getting more than required friendly and forgot the relationship between the customer and seller, staff personnel keep asking other mate for showing jeweller. It took around 5 minutes to get me the sales person even tho so many sales person were chattering around.
If you are from western side of the world than you might not be very found of gold jewerllary, this difference could be easily seen at the gold souk, people from US and UK or nearby places can be seen at the diamond jewellary store while the indian, arabics, pakistanis, far east citizens are at gold store.
Bring gold to India or else or how much gold can i bring to india from dubai ( sincerly customs duty stuff ) (being practical): -
I hope i am not breaking any law by righting this.
Dubai government is cool if you want the gold for selling in your home country or for your own purpose, but i am pretty sure that your home governement might not be that easy on you, so just before buying the gold do conslt any expert.
However for india, i have found an advise from people in dubai as per them you can bring the gold for use of your own puropse only and that too if you are wearing it not keeping it. So please buy only those gold jewellery which you want to wear while passing the customs.
There is an approx. difference of Rs. 2000 in india and Dubai gold rate. If you are just looking for saving in gold rates then you can ask the seller to show you jewellary with least making charges and those jewellary would be a "kada" or chain, these two product are also in 24 K gold.
No comments:
Post a Comment