Gold Bar Price in Dubai Today

• Gold bar: a piece of gold made to a set weight and purity, with the weight and fineness marked on it. Visit Abu Dhabi notes that in Abu Dhabi you can buy gold ingots in various sizes, either as an investment or to be made into your own design.
• Gold biscuit: a name people use for a small gold bar. It is the same product; “10 gram biscuit” simply means a 10 gram bar.
• Gold coin: a bullion coin sold for its gold content. DMCC issues UAE Bullion Coins in gold of 9999 purity (24 carat), in denominations of 1 oz, 1/2 oz, 1/4 oz and 1/10 oz for the first design, according to DMCC.

Jewellery is different: it is priced at the retail rate plus a making charge and 5% VAT. If you are buying a chain or a ring rather than a bar, use the 24K gold rate or the rate for the karat of the piece.

The table above lists sizes from 1 gram to 1 kilogram. The gold value of the most asked-about sizes at today’s 24K rate:

• 10 gram bar or biscuit: AED 4,680.00
• 1 troy ounce (31.1035 g): AED 14,556.44
• 10 tola bar (116.638 g): AED 54,586.58
• 100 gram bar: AED 46,800.00
• 1 kilogram bar: AED 468,000.00

For reference, 1 kilogram is about 32.15 troy ounces or 85.74 tola. The tola sizes are covered in more detail on the tola gold price page. Which sizes a dealer has in stock varies, so ask before you go.

The figures above use the Dubai Jewellery Group 24K rate, which is a suggested retail rate for jewellery. A bar is sold at the dealer’s own price. Anything above the value of its gold is the premium, which pays for making and certifying the bar and for the dealer’s margin. No authority publishes premiums; each dealer sets its own.

When you compare offers, ask for the total price of the exact bar and divide it by its weight to get a price per gram. That number can be compared across sizes and dealers, and against the 24K rate on this page.

The price at which a dealer buys the same bar back is also part of the cost. Ask for both the selling and the buy-back price on the same day; the gap between them is what a round trip would cost you.

Under Article 36 of the VAT Executive Regulation, the supply or import of investment precious metals is zero-rated. Gold counts as investment gold when it has a purity of 99% or more and is in a form tradeable in global bullion markets. A standard bar or bullion coin of 999 or 999.9 fineness normally meets the purity test; check that the invoice shows VAT at 0%.

Jewellery does not get this treatment and is charged the standard 5%. In the gold price calculator, switch VAT off when you price a bar or coin. Because no VAT is charged on zero-rated bars, there is no VAT to reclaim through the tourist refund scheme.

• Fineness: the purity stamped on the bar, for example 999.9 or 999, and that it matches the invoice.
• Weight and serial number: where they are marked on the bar or its card, and that the invoice repeats them.
• Certificate: whether the bar comes with an assay certificate or a sealed card from the maker, and what happens to the buy-back price if the seal is opened.
• Buy-back terms: whether the dealer buys the bar back, at what price and with which documents.
• Invoice: the dealer’s name and stamp, weight, fineness, price and the VAT line.
• ID: Dubai Jewellery Group notes that under anti-money laundering rules a buyer of jewellery may be asked for a copy of an Emirates ID or passport. Bring one when buying bars too.

Our directory lists 21 sellers of gold bars and coins in the UAE, and 18 shops in the Gold Souk in Deira; Visit Dubai places the souk on the Deira side of Dubai Creek, about five minutes on foot from Al Ras and Gold Souq metro stations. The Dubai Gold Souk guide explains how to get there.

To sell a bar, take it with its certificate and the original invoice if you have them. Ask the buyer to weigh it in front of you and to show how the offer compares with today’s 24K rate, and compare at least two offers. The list of places that buy gold includes a guide on selling.