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When is The Best Time to Buy Gold in Dubai?

To do shopping in Dubai is a magical experience that guarantees the finest gold at the best prices.

While planning a visit to Dubai, shopping will undoubtedly be on your mind — the city is a sanctuary for shopaholics. There's something for everyone, from clothing and footwear to gadgets, chocolates and dried fruits, and spices. However, gold jewellery is undoubtedly one of the most compelling draws to the city recognized for its shopping opportunities.


People come from all over the world to purchase for their anniversaries or other special days in Dubai's Old and New Gold markets, which are arguably the best in the world.


However, it's crucial to remember that while gold in Dubai is among the cheapest in the world, elaborate jewellery with outstanding craftsmanship can significantly increase the price.


As with any purchase, it is critical to be aware of the current gold rate before making a purchase. Dubai, like the United States, has two gold rates. Gold prices are computed per gramme of gold and are displayed on large billboards and at the Gold Souks' entrances. It's worth noting that Dubai's Federal Tax Authority (FTA) has imposed a 4% VAT on gold since April 2018. The price of gold has risen as a result of this.


Because gold is so expensive, you'll want your jewellery to last a lifetime, keeping its lustre and not breaking or being harmed. Gold sets, bracelets, rings, and necklaces can be destroyed by normal wear and tear, incorrect storage, or an accident. This is why you should inquire about the seller's guarantee. Some jewellers also provide free repair services for the gold jewellery you buy for up to a year.


It is advisable to shop for gold during Dubai Shopping Festival (December and January) or the Dubai Summer Surprises for the best bargains and offers (June to August). On the other hand, you should not buy gold in February to May has been considered the weakest time for buying gold in Dubai. 


If you are unable to attend the Dubai Shopping Festival or the Dubai Summer Surprises, go gold purchasing on a Saturday or Sunday. These are the safest times to shop, and the greatest thing is that gold prices won't be exchanged on international exchanges until 2 a.m. Monday, so you'll almost certainly get a fantastic offer.


When you buy gold in Dubai, you should not worry about the purity or quality of the jewellery. The government regulates all jewellery sold by jewellers, ensuring the authenticity of each gold item sold in Dubai. Although gold and silver bullion must be considered long-term investments, you may want to sell at some point.


Because gold and silver are ideally part of your savings, they can serve as a rapid supply of cash in an emergency. It could be a personal issue—for example, a medical problem or the loss of a job—or a financial crisis that has an influence on one's standard of living, such as a stock market crash.


Al-Romaizan online store is a great place to start if you want to shop for gold jewellery. It has an assortment of designs and styles. 

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