Tips to Consider Before Buying Gold in Abu Dhabi

Abu Dhabi, the capital city of UAE, and the neighbouring Emirate to the city of gold, Dubai, is, without a doubt, a perfect place to buy gold. Its astonishing gold shopping centre known as Madinat Zayed makes buying gold in Abu Dhabi an unforgettable experience.

Of course, many gold shops are scattered in the luxurious shopping centres & the World Trade Centre in Abu Dhabi, but exploring the traditional Gold Souk is different. 

The gold centre in Abu Dhabi is located in the downtown area with easy access. It hosts most of the popular and well-known gold shops in the city with various gold and diamond jewellery designs.

In order to enjoy your time and get the best of gold jewellery, you need to keep in mind certain things. We have summed up the most important tips, which we believe are efficient enough to ensure a successful gold shopping experience.

It is important to point out here that the price of a gold ring, for example, is determined by the  International gold rate at the time of buying, the making charges, 5% VAT and of course, the karat.

Having this said, therefore, know the gold price in Abu Dhabi before going shopping. This is very important while buying gold in Abu Dhabi because gold prices in UAE are fluctuating as per the international gold rates. So, it will be a smart move to go shopping when the gold is at its lowest rate.

It is true that gold jewellery prices depend on the international gold rate, but this does not mean gold jewellery in every gold shop has the same price. As advised earlier, a gold set’s price is calculated by adding additional price factors. Therefore, prices will be different depending on the design, karat, stone added to, and craftsmanship. So, you can know which gold shop offers the most convenient price and buy your gold jewellery from.

However, buying gold in Madinat Zayed Gold Shopping Center means the ability to bargain. Gold shops there accept bargains, and they can go down with their making charges. So, be brave and negotiate as much as you can to get the elegant gold bracelet or the diamond stud earrings you are looking for.

Even though you may be able to get a good deal after your bargain, you may end up paying a bit more if you paid with your bank card. This is because many banks charge additional fees known as POS transaction fees. Therefore, one of the most important tips to remember is always to carry cash to get the best price and the easiest way of purchase.

We hope these few tips will come in handy in your next shopping experience at one of our Madinat Zayed branches.