The gold market in Dubai is famous all over the world and almost every traveler must have heard of it or would hear of it the minute he or she lands down there. The city truly deserves its epithet ‘city of gold’ because none of the other gold markets in the world would match up to the gold market in Dubai – not in its beauty or the abundance of jewels on open display.
The Dubai gold souk is situated in one of the narrow alleyways of the old Deira area, a place which any tourist must be able to locate with ease.
If you are still uncertain regarding how to get there you could always ask your hotel receptionist to guide you. Your first visit to this market will be more surreal than you could have probably imagined it to be.
As westerners, we are more or less used to air-conditioned, closed atmosphere shops, well; if that has been your experience with shopping in the past then you are in for quite a surprise.
The gold souk is more or less an open air market, consisting of more than 300 jewelry shops. So guarantee that you organize your visit to this market accordingly. It would take quite a while to window shop through all of them. The jewelry on display generally comprises the usual bangles, amulets, good luck charms, necklaces, pendants and even the odd foot bangles.
But this is also the place where you will purchase gold in the ingot form as well, but ensure that like every other market in the world, you will find shady dealers here as well (though, not too many in my experience). There’ve been cases of artificial gold being passed off to the customer as the real McCoy, so ensure that while you are purchasing your items, to watch out for the hallmark symbol, a circle encircling a ‘H’.
The best time to visit the markets can be the late afternoon, when the sun would not be so harsh on the skin. If you are residing at one of the hotels on the beachfront, then you will be glad to notice that these hotels offer their guests free shuttle bus rides to the Deira markets, such visits typically taking place in the afternoon. You would be able to shop here even after sunset since most of these shops are generally open until 10 pm since most of the tourists seem to head to these shops only after the sun has set.
The main (and biggest) attraction of the Dubai gold market over any other market is the low price that is charged over there. Compared to markets in other places like, say, Europe, the price is lower here by as much as 60%! This is crazzzzyy! Now this is something, that we can brag about to our friends and family anywhere in the world.
While buying at the gold souk, try to use cash instead of credit cards since you would be able to bargain better. Cash is king and would give you negotiating power with the merchant. I am certain that you will have quite an exciting time heading to the gold souks of Dubai. Ensure you bag a ton of gold at dirt cheap prices!