About Gold Pricing in UAE
The gold price displayed above is calculated live from the COMEX spot price and converted to AED using the fixed AED/USD peg of 3.6725. The UAE charges 0% import duty on gold bullion, making it one of the most competitive gold markets globally.
The UAE is the world's 3rd-largest gold trading hub. Dubai's DMCC (Dubai Multi Commodities Centre) regulates the gold trade, and the Dubai Gold and Commodities Exchange (DGCX) provides futures pricing. The Dubai Good Delivery standard is recognised internationally. AURUM calculates UAE gold rates using: COMEX spot x 3.6725 (AED/USD fixed peg).
Gold purchases in the UAE attract 0% duty and 0% VAT on investment gold. Jewellery making charges are subject to 5% VAT. The UAE's Deira Gold Souk in Dubai is one of the world's most famous gold markets. For full gold intelligence, visit the AURUM platform.
Frequently Asked Questions - Gold in UAE
What is the gold price in UAE today? +
UAE gold price is the COMEX spot price multiplied by 3.6725 (the fixed AED/USD peg). The UAE charges 0% import duty on gold bullion, making it one of the cheapest places globally to buy gold.
Is gold tax-free in UAE? +
Investment gold (bars and coins) is VAT-free in the UAE. Gold jewellery making charges are subject to 5% VAT, but the gold content itself is exempt. There is no import duty on gold.
What is Dubai Good Delivery? +
Dubai Good Delivery (DGD) is a DMCC-accredited standard for gold bars. DGD bars meet the highest international purity standards and are accepted globally, similar to LBMA Good Delivery.
Where to buy gold in UAE? +
The Dubai Gold Souk in Deira is the most famous destination. Other options include Gold Land in Mall of the Emirates, Abu Dhabi Gold Souk, and Sharjah Gold Centre. Compare making charges between shops.
How does the AED peg affect gold prices? +
The UAE Dirham is pegged to the US dollar at 3.6725. This means AED gold prices move in exact lockstep with USD spot prices. There is no currency fluctuation risk for UAE gold buyers.