GOLD SOUK ABU DHABI:

Want to buy gold in the capital?Want to go jewelry shopping? Wait no further! Gold Souk Abu Dhabi has mesmerizing displays of twinkling golden necklaces and beautiful diamond rings-an ultimate destination for any jewelry buyer who loves variety. Here’s all you need to know about this souk. 

Gold Souk Abu Dhabi is a collection of interconnected stores at the iconic Madinat Zayed Mall, arranged like an arcade for selling gold, diamond, and other types of jewelries.

Jewelry enthusiasts come from near and far to this retail destination with a sole mission of browsing through its extensive collection of sophisticated jewelry made of gold, diamond, and silver.

SOME THINGS TO KNOW BEFORE A TRIP TO THE GOLD SOUK ABU DHABI

KNOWING THE GOLD PRICES

It is very pertinent to check the international rates for gold on the day of your visit. 

Once you are aware of the daily fluctuations in Abu Dhabi’s gold rates, which are similar to those in Dubai per tola, you may use that information to determine the prices of gold goods from different Souk merchants. 

LIMIT ON GOLD TRAVELLERS 

Should tourists wanting some serious gold shopping consult respective airlines or customs authorities as to how much gold they may carry to their home country on return? 

• Exceeding the limit permitted while traveling abroad can inflict considerable financial penalties in terms of duties. 
• Also note that the customs duty on gold bullion is, in some cases, different from customs duty on gold jewelry. 
• One other thing tourists should remember is to get the proper documentation for the VAT refund while leaving the airport.

BE PREPARED TO BARGAIN 

• Those who enjoy bargaining should be thrilled about the negotiation already being a part of buyers’ interactions at Gold Souk Abu Dhabi. 
• At Gold Souk Abu Dhabi, these two factors determine price:
  • Price of gold on that day 
  • Manufacturing charges on different designs and products 

While the gold rate is a fixed price, you can negotiate the manufacturing charges.

Recognize the many attributes and standards of purity for gold

• The souk has a variety of gold jewelry be it of various purities. Pure gold is in the form of a 24-carat variety which does not have anything else mixed in it. However, this is as difficult as it is to mold into jewelry and easy to get damaged, and of course, much more expensive because of its purity. 
• Therefore, if you want to get gold jewelry, it is best to get 21 or 22 carat pieces because they are more affordable and long-lasting.

BUY COINS AND BARS FOR ADDED PROFITS

• Most of the above souk shops tend to offer pure gold bars which people buy for investment purposes. 
• It is preferable to buy yellow metal in 24-carat gold bars if you are only investing in it. Coins or biscuits will not attract any manufacturing charge.

VISIT AS MANY SHOPSHARDS AS POSSIBLE BEFORE YOU DRAW OR DECIDE ON A BUY 

• A buyer should always visit at least two gold shops before coming to his conclusion at the souk. 
• A buyer usually negotiates based on relative prices of similar goods, visiting other places will enable the buyer to understand the established jewelry rates. This will also help you negotiate well and convince the seller.

JEWELLERY REPAIRING SERVICES

Jewellery repairing and resizing services are available at many gold shops in Abu Dhabi Gold Souk. So if your broken ornaments need repair, you can take it to any of the gold shops at the souk for a nominal fee.

NOSE AND EAR PIERCING

• Piercing ears and nose should be a painless experience offered by many of the jewellers working at the souk. 
• Choose a facility that performs the procedure in a safe and aseptic manner.

The top gold shops in the Souk and their names

Though the souk has a fairly big list of gold jewellery shops, here are some of the most popular outposts inside the mall:

• Damas Jewellery. Call: +971-2-634-4720
• Malabar Gold and Diamonds: +971-2-635-5916
• Joyalukkas Jewellery: +971-2-633-1377

Aside from the above stores, you can consider some other places dealing in gold within Abu Dhabi.

CONTACT INFORMATION OF GOLD SOUK

• Location: Madinat Zayed Mall
• Timings: 09:00 am to 10:00 pm | 04:00 pm to 10:00 pm  (Friday)

FAQs

DO THEY HAVE GOLD SOUK IN DUBAI?

Definitely! Deira Gold Souk, Dubai is a famous place for shopping of gold. The Gold and Diamond Park Dubai is also much visited by both tourists and residents interested in buying gold coins or beautiful jewellery.

How much gold is not taxed when brought from Dubai to India? 

For male passengers who are outside the country for a period of one year, 20 grams (about INR 50,000 in value) is duty-free into India from Dubai. The limit for female travellers is INR 1 lakh.

The best gold souks in Dubai are the following:

They have a number of gold shopping outlets in Dubai where one can find attractive ornaments at very competitive prices.

Most important of all reasons why expats like to buy gold in Dubai and Abu Dhabi are the pure gold available in both the cities and the long array of exciting attractive designs that they have available in these cities.Here are the best places to buying gold in Dubai: thus, we finally conclude our guide on the Gold Souk Abu Dhabi .

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