Top Things to Look for when Shopping for Gold in Dubai
Irrespective of whether you’re planning to add it to your jewellery collection or you want to splash out on something new for a special occasion, Dubai is one of the best places in the world to buy gold and fine jewellery. From the traditional souks here to gleaming luxury stores, the emirate is popularly known for its beautifully crafted gold items. When asked the industry experts about gold and what to look for, we discovered what to search for when shopping for world’s precious metal.
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The unit used to measure the purity of gold is a karat. A higher karat volume signifies the utmost purity for the gold. The highest possible is the one with 24-karat gold, in other way known as pure gold and most commonly sold in coins or bars as the metal is too ductile for making jewellery. Jewelers of Dubai generally use 22-karat gold for making chains, bangles and plain rings, and 18-karat gold for making diamond rings and other precious stone-studded items because it is more durable.
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Gold, being a traded commodity, goes through price fluctuations on a constant basis and those prices makes up 80-90% of the final price of the piece. Finding out the current price of the metal will act as a basis for desired piece’s market worth. Consult Dubai Gold and Jewellery Group first. However the retailers are free to fix their own prices, it will be different from the published rates. Then the jewellery is sold as per its weight and a labor charge is added depending upon its design.
Trust and purity
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Specialists in 22-karat gold jewellery in Arabic, Turkish and Indian designs opine that the city’s observant regulators keep the trade fair and competitive. Buying gold from a place like Dubai is synonym of trust and purity. The industry adheres to strict rules and regulations with a code of conduct to follow which provides transparency and security to the buyer.
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To cater to wide tastes and expectations from a global customer base, Dubai provides designs with a cultural and heritage focus & is sourced from around the world. A resurgence of traditional and ethnic designs are witnessed which is recognized as stemming from a great appreciation, dedication and respect for workmanship and heritage.
Indian antiques for the jewellery are the most sought after categories here in terms of values as they display intricate craftsmanship and are famous with the pre-loved market. The pieces have heritage appeal and are often assumed to be passed down through generations.