Question 1

What is the gold price today in Dubai?

Accepted Answer

The live 24K gold rate in Dubai is displayed at the top of this page in AED or USD. Prices update every two minutes from international spot markets, converted live to local currency.

Question 2

What is the difference between 22K and 24K gold?

Accepted Answer

24K is 99.9 percent pure gold, ideal for investment bars and coins but too soft for jewellery. 22K is 91.67 percent pure, alloyed with copper or silver for durability, and is the dominant standard in Dubai jewellery shops.

Question 3

Is there VAT on gold in the UAE?

Accepted Answer

There is no VAT on investment-grade gold bars and coins of 99 percent purity or higher. For jewellery, the 5 percent UAE VAT applies only to the making charges, not to the gold content itself.

Question 4

Where is the Gold Souk in Dubai?

Accepted Answer

The famous Deira Gold Souk is in Al Ras, Deira. It is open from 10am to 10pm daily, closed for Friday prayers between 1pm and 4pm. Hundreds of jewellery shops compete primarily on making charges.

Question 5

What is the Nisab for gold Zakat?

Accepted Answer

The Nisab threshold for gold Zakat is 87.48 grams of pure gold. If you have held gold above this threshold for one full lunar year, 2.5 percent Zakat is due on its current market value.

Live gold & silver rates from the Deira Souk to your screen.

Price history

Rates by karat

Final Cost Calculator

Zakat on gold

Quick reference

Frequently asked questions