The world famous Dubai Gold Souk is one of the largest gold trading markets in the world and a sight to experience when you are in Dubai. The traditional market (or souk) symbolizes the golden wealth of the Dubai region.
Location Gold Souk
The Gold Souk is located in the heart of the commercial district of Deira, just a few minutes’ walk from Dubai’s Old Port and is located next to the Dubai Vegetable & Fish Market. The best access to the Gold Souk is via the Shindagha Tunnel, the Dubai Metro or by water taxi.
In addition to natural gold, the Gold Souk also trades in precious metals such as platinum, diamonds and precious stones and consists of more than 320 retailers who trade in a collection of exclusive jewelry on an area of half a square kilometer.
Gold Souk Prices
The prices for gold and jewelry at Dubai Gold Souk are among the most competitive in the world and are mainly determined by the total weight and the daily gold rate. Fluctuations in the world price of gold and craftsmanship are the most important factors that determine the final price of jewelry at the Gold Souk. The quality of the jewelry and precious metals is strictly controlled by the government. So you can be sure of the quality of your purchases. Strict negotiation is of course both an art and a condition.
Craftsmanship at the Gold Souk is both impeccable and awesome. The impressive ambiance of the Souk is best experienced at night, when the jewelery collections come dazzlingly under sparkling shop windows.
Today, the Gold Souk is known in every way as one of the largest gold markets in the world.
Dubai gold jewelry
According to estimates, the Gold Souk has around 10 tons of gold in stock at any time and about 20-25 percent of all the world’s gold passes through this impressive market.
Even if you do not intend to actually purchase jewelry at the Gold Souk, the market is definitely worth a visit. It is sparkling proof that the Souk really established the Emirate of Dubai as the “City of Gold”.