Dubai is a city in the United Arab Emirates and a famous tourist destination for architecture, shopping Gold, etc.
Gold is a high-priced metal on today’s market. People all across the globe want to save it as an asset and invest in Gold. Dubai- the City of Gold, exempted tax and VAT from buying Gold. Tourists can buy gold from Dubai and can pass through the customs legally. So, this time look for the flydubai ticket price to visit Dubai for gold shopping. But before that read the whole blog to know more about the gold market.
Here are the things you must know before purchasing gold in Dubai
Know the Market price of Gold
As Dubai is a renowned tourist spot, different sellers ask for different prices for gold. In addition, the price of gold in Dubai varies from time to time. So, you must keep a trail of the current gold rate before purchasing gold from there.
Check the Hallmark Markings
You should buy gold jewellery by checking its purity. In Dubai, Dubai Central Laboratories Department (DCLD) guarantees the pureness of gold jewellery through Bareeq Certification.
The basic elements of Hallmark Certification you need to know before buying gold are-
· Jeweller’s Mark
· Fineness number
· Hallmarking mark
Know the categories of gold available in the shop
Golds appear in different karats and different purity. Pure gold is very gentle and can break if extra pressure is exerted. Eventually, mixing different earth metals makes gold harden. Metals like nickel, copper, zinc are mixed with gold to make an ornament.
Pick out the correct karat
Different gold has different purity levels. For example, 24-karat gold comes with 99.99%, 14-karat gold offers 58.3%. The process of karat rating is done by breaking gold into 24 parts. A 14-karat marked gold will produce 14 parts of the 24 gold and the remaining part as non-gold metals (like copper, zinc etc.).
Single out the right color
The pigmentation of gold varies because of the mixing of alloys in it. Select the right colour you want to buy, for example, bright gold, rose gold, white gold, antique gold, matte gold, etc. You should be very careful while choosing the right colour for gold because you are far away from your home to exchange it.
Know the making price
For gold ornaments, making a charge is a must. The different shops offer different prices for the ornaments. So, try to find the best shop with fewer making charges with the best artisanship.
Check for warranty
You should keep in mind that gold is an expensive metal and you are buying it far away from your permanent dwelling-place. So, you need to be very careful about the assurance of the quality of the ornament.
Visit different shops
In Dubai, most of the stores keep almost the same products which differ in price. You should visit different stores to know the price difference. In addition, small shops offer a low making charge for ornaments, making it cheaper than the other grand shops.
Check how much gold you can bring back with you
You should know how much gold you can bring back with you from Dubai with or without custom duty. For example, in India, the customs duty exemption limit is 20 grams of gold and a monetary value of INR 50,000 for a male passenger. Check the import duty on bringing gold to India as it varies from time to time.
As gold is a valued investment, you just keep the above-mentioned points in mind while purchasing.