Gem market
Gold Souk
Dubai, United Arab Emirates
More than 300 gold and jewellery shops in the old souk on Dubai Creek in Deira, and some 500 more in its newer extension. Prices follow the day's gold rate plus a making charge.
Dubai's Gold Souk is a covered, car-free market in Deira, on the north side of Dubai Creek. It grew up in the mid-20th century as Dubai became a regional trading hub for gold, and today it is one of the best-known gold markets in the world, with more than 300 shops in the old souk and hundreds more in its newer extension.
What you find
Gold jewellery, mostly 18K, 21K and 22K, with 24K bars and coins; diamond and gem-set jewellery; and traditional bridal sets from the Gulf, South Asia and beyond.
How buying works
Gold is priced by weight: the day's gold rate for the fineness, plus a making charge per gram that depends on the work. The rate is displayed in the souk and changes during the day. The making charge is where bargaining happens. Dubai's gold trade is regulated, and gold is hallmarked for fineness.
Visiting and buying safely
- Al Ras and Gold Souk metro stations are within walking distance; the souk is busiest in the evening.
- Ask for an itemised receipt showing weight, fineness, gold rate and making charge.
- Tourists can claim back VAT on eligible purchases through the airport refund scheme; ask the shop for a tax-free form.
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