The styles in which gold can be found may range from the Indian style to Arabic, and even to modern European pieces. There is no VAT on the gold so you may find that the prices are up to 40% cheaper than those in the West.
One of the best parts of buying gold in Dubai is that you can bargain in order to get the best price. If you feel that you could get a better price in another shop you can simply walk away – it’s all part of the game. Don’t be afraid that the gold you buy might not be real. The shops are constantly monitored so that the customers receive what they have paid for.
If you have some old gold yourself and you want to sell it or simply change the design, there are many shops that do this. Due to the amount of measures that are being taken in order to prevent illegal trading of gold, some shops are particularly picky about the gold they buy. If you wish to make such a transaction be sure that you have on you a receipt or a certificate and that the gold has been hallmarked.
If you intend to make a big purchase you’d better make sure that you have enough Dirhams (currency in several Arab nations) on you. You can also pay with a credit card but paying with cash can make a big difference in a transaction of such type.
Make sure that you visit a number of shops before you buy something. If you decide to buy something, try to make such an investment only in stores where you feel more comfortable and the most important thing of all: try to enjoy yourself!
Learn how to buy gold in times of recession by professionals.
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