About Silver · UAE
The UAE silver price is converted from the COMEX spot price to AED using the fixed peg rate (1 USD = 3.6725 AED). Dubai is a regional hub for precious metals trading through the Dubai Gold & Commodities Exchange (DGCX) and the Dubai Multi Commodities Centre (DMCC).
A 5% VAT applies to physical silver purchases in the UAE. The AED's peg to the USD means silver prices in AED track USD silver prices almost exactly, making UAE one of the more transparent markets for silver pricing.
Frequently Asked Questions
What is the silver price in Dubai today? +
The Dubai silver price is the COMEX spot price converted to AED (pegged at 3.6725 per USD). A 5% VAT is added for retail purchases.
Is the AED silver price stable? +
Yes. The AED is pegged to the USD at 3.6725, so AED silver price movements exactly mirror USD silver price movements.
Where to buy silver in Dubai? +
Silver can be purchased from DMCC-licensed dealers in the Gold Souk, JLT, and DIFC. Investment silver bars from PAMP Suisse and Perth Mint are widely available.
Is there VAT on silver in UAE? +
Yes, 5% VAT applies to physical silver in the UAE. Unlike gold, there is no VAT exemption for investment silver in the UAE.
Silver Market Analysis - UAE (March 2026)
The UAE silver market benefits from its 0% import duty policy and AED peg to the US dollar, making it one of the most competitively priced markets for physical silver globally. Dubai's Gold and Diamond Park and Deira Gold Souk both offer silver bullion and coins at thin premiums over spot. In 2026, UAE silver demand is growing as investors diversify beyond gold, attracted by silver's dual role as both a precious metal and industrial commodity with applications in solar energy and electronics manufacturing.