How To Buy Gold in Dubai⦠and Check It's REAL! (Avoid Scams)
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Published 2023-12-01
Dubai is known for its luxurious shopping experiences, and one of the most sought-after items is gold jewellery. But with so many stores selling gold, it can be overwhelming to know where to buy and how to ensure that the gold is genuine. In this video, I'll show you everything you need to know about shopping for gold in Dubai and avoiding scams!
Check my blog post for links to the gold testing centre and 0% making charges mall blog.karlrock.com/how-to-buy-gold-in-dubai-and-tesβ¦.
Is Dubai actually cheaper? What do you think? Here's what I spent on 1 pair of earrings:
Gold weight: 6g
Gold value: 1343 dirhams
Making charge: 277 (20.6%)
Tax (VAT 5%): 81 (69 tax back at airport)
Total: 1701 dirhams (with tax back: 1632 dirhams).
I think it works about the same price as India if buying designer pieces.
00:00 How to safely buy gold in Dubai
00:24 What are gold hallmarks?
00:52 Don't trust street scammers
01:18 How to save money on gold
01:51 Benefits of shopping for gold in Dubai
03:21 Is it safe to buy gold in Dubai?
04:12 How to get your tax back in Dubai
04:40 Mall with 0% making charges
05:58 We met a gold smuggler
06:39 How much gold can you take to India?
06:51 How to get gold tested in Dubai
07:42 Is gold actually cheaper in Dubai?
08:16 Gifting gold to mother-in-law
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#dubai #gold #jewellery #goldsouk #scams #scammers #scam #jewelry #uae #shopping #markettour
All Comments (21)
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Next, I called Dubai's infamous massage cards! π https://youtu.be/zTyHOa5rrgI Is Dubai actually cheaper? What do you think? Here's what to spent on 1 pair of earrings: Gold weight: 6g Gold value: 1343 dirhams Making charge: 277 (20.6%) Tax (VAT 5%): 81 (69 tax back at airport) Total: 1701 dirhams (with tax back: 1632 dirhams). I think it works about the same price as India if buying designer pieces. Check my blog post for links to the gold testing centre and 0% making charges mall blog.karlrock.com/how-to-buy-gold-in-dubai-and-tesβ¦
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Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
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Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.
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This is so helpful and informative! Will watch it again as a reminder before visiting Dubai ππ»ββοΈ
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Great information Karl, thank you, it's also nice to see your better half with you as well, you both make a good team, take care. :)
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Love the high quality vids Karl keep it up β€
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bro you are amazing im watching your videos 5 days now in a row !! keep going this good videos and keep us safe
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Being in the industry couple of things to mention. First is the making fee, lot of the time it may be very little to nothing on the machine made items however if you have anything detailed hand made or custom made you will have to pay the making fee. Secondly, the authentication I can tell you that bars can be fake no acid, machine or weight can detect the fake bars we often drill holes in them if they dont come from our trusted suppliers. However small jewellery can be authenticated by the machine.
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What a kind gift to her. What a good son you are.
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Thank you for always bringing up such informative vlogs.
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Ah, its so nice that one of your subscribers gave you these "insider" tips and helped you save money π
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Karl you are amazing bro. Keep doing this and sharing your helpfull information making the world a better place !
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Appreciate all the hard work youβre doing by sharing your experiences with us. This video will definitely help when looking to buy gold in Dubai.
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Thank you bringing us this authentic buying guide from Dubai Karl, you videos always rock. We plan to go to Dubai oneday and I am sure my wife will want to shop some gold, it is great to know all the information you just presented in this video. Cheers from USA, Michigan
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Eagerly waiting. You're awesome Broπ
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Nice one Karl - heading to DUBAI next month and the Mrs is after some gold necklaces - thanks very much
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Thank you Karl for the information. Im planning to travel to Dubai in 15 days I can't wait!!!!
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The end made me grin from Maori ear to ear my bro, I LOVE this!
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I have always bought gold chains from the suk. Brought back to Australia and sold a few years later for a profit. Gold centre is the place I buy gold from
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Really sound advice, A couple of other variables in travelling with gold to India- 24c unmarked jewellery - chains and rings - ( it does raise eye brows with bullion dealers in India see pure gold jewelry- and another viable method are 8g minted coins " sovereigns" and the occasional Britannia/ Eagle/ maple.
