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How to buy gold in the Dubai Gold Souk

The Dubai Gold Souk in Deira is one of the world's best-known gold markets: a concentrated stretch of independent jewellery shops, including 7 Rain Jewellery's four showrooms. This guide explains how gold is priced there, what to check before you buy, and how to order even if you cannot visit in person.

What the Gold Souk sells

Shops across the Gold Souk sell gold jewellery in a range of karats, plus silver, diamonds and gold bars. 7 Rain Jewellery's four showrooms between them carry 18K, 21K, 22K and 24K gold, 925 sterling silver, diamond jewellery, custom and personalised pieces, and 24K gold bars.

How gold jewellery is priced

A gold jewellery price in Dubai has three parts:

  1. Gold value: the weight in grams multiplied by the day's rate per gram for that karat. Rates move daily with the international gold price.
  2. Making charge: the cost of the design and workmanship, which varies by how detailed the piece is.
  3. VAT: 5% UAE VAT on the jewellery.

Ask any shop for the three parts separately. The gold value should be similar everywhere on the same day; the real differences between shops are the making charge and the quality of the work.

What to check before you buy

  1. The purity stamp on the piece (for example 875 for 21K, 916 for 22K).
  2. The weight, watched on a calibrated scale, in grams.
  3. The rate used for that karat that day.
  4. The invoice, which should state karat, weight, making charge and VAT separately.
  5. After-sale terms for exchange, resizing and repairs, agreed before you pay.

Visiting 7 Rain Jewellery in the Gold Souk

7 Rain Jewellery has four showrooms in the Gold Souk, Deira. The main store at Shop 34, Al Salem Carpet Building, specialises in 21K gold jewellery. Branch 3, Office 202 in the Galaxy Plaza Hotel Building, carries 18K gold and silver. Branch 4, Shop S1 in the same building, carries Habesha 21K gold jewellery, diamond jewellery, and 24K gold bars and coins. Three showrooms open daily from 09:30 to 22:00; Shop S1 opens from 10:00 to 22:30. See all addresses on our showrooms page.

Ordering without visiting in person

7 Rain Jewellery takes custom and ready-made orders over WhatsApp: you can see photos, confirm weight and price, and order before you travel or without travelling at all. Service is available in English and French. Accepted payment methods are cash, card, bank transfer, PayPal and payment links.

Ask about buying gold on WhatsApp

Frequently asked questions

Where is the Dubai Gold Souk?
The Dubai Gold Souk is a traditional market in Deira, Dubai, made up of many independent jewellery shops. 7 Rain Jewellery has four showrooms there.
What karats of gold can I buy in the Gold Souk?
Gold Souk shops typically sell 18K, 21K, 22K and 24K gold alongside 925 sterling silver. 7 Rain Jewellery carries all of these across its four showrooms.
How is the price of gold jewellery worked out?
Three parts: the weight in grams multiplied by the day's rate per gram for that karat, plus a making charge for the design, plus 5% UAE VAT. Ask for the three parts separately so you can compare shops fairly.
Can I buy from the Gold Souk without visiting in person?
Yes. 7 Rain Jewellery shares photos, weights and prices on WhatsApp so you can choose and order before you travel.
What payment methods are accepted?
7 Rain Jewellery accepts cash, card, bank transfer, PayPal and payment links.
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