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What sets gold prices in Dubai? Simple guide to global spot, UAE retail rates

Understanding gold pricing in Dubai helps you shop smart and make the most of every dirham

Last updated:
Justin Varghese, Your Money Editor
3 MIN READ
Dubai’s reputation as the “City of Gold” is built on trust, competitive pricing, and transparency — but behind every glimmering necklace or gold bar is a pricing system shaped by both global and local forces.
Dubai’s reputation as the “City of Gold” is built on trust, competitive pricing, and transparency — but behind every glimmering necklace or gold bar is a pricing system shaped by both global and local forces.
Virendra Saklani/ / Gulf News

Dubai: Want to know if you’re getting a good deal on gold in Dubai? It all starts with knowing how prices are set — and it’s not just about what you see in the shop window.

Dubai’s reputation as the “City of Gold” is built on trust, competitive pricing, and transparency — but behind every glimmering necklace or gold bar is a pricing system shaped by both global and local forces. Whether you’re shopping in Deira Gold Souk or a luxury mall boutique, here's what really determines what you’ll pay per gram.

Justin Varghese
Justin VargheseYour Money Editor
Justin is a personal finance author and seasoned business journalist with over a decade of experience. He makes it his mission to break down complex financial topics and make them clear, relatable, and relevant—helping everyday readers navigate today’s economy with confidence. Before returning to his Middle Eastern roots, where he was born and raised, Justin worked as a Business Correspondent at Reuters, reporting on equities and economic trends across both the Middle East and Asia-Pacific regions.

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