Dubai Gold Souk
At a distance of 5 km from Dubai Museum and 8 km from Dubai International Airport, Dubai Gold Souk or Gold Souk is a traditional market (or souk) located in Al Dhagaya locality of Deira district in Dubai. It happens to be the world's largest gold market and one of the oldest and most fascinating traditional markets in the emirate.
Situated in Deira, this golden souk is the most famous and highly visited tourist spot in Dubai because of its excellent quality and designs of gold. The souk consists of over 380 retailers, most of whom are jewelry traders. With more than 350 jewellery traders and retailers, Gold Souk is restocked with at least 10 tons of gold daily. The gold souk is famous worldwide and has a mention in the Guinness World Record Book as it was host to the world's largest and heaviest ring weighing 64 kilograms with a 5.1-kilogram stone resting on it. The piece is owned by Dubai-based Taiba.
Besides gold, the souk has a lot to offer like silver, diamond, emeralds, rubies, sapphires and several other stones as well. The souk is full of jewellery and ornaments and with tiny souvenirs too. When in the famous gold market, you can splurge on a wide variety of watches, earrings, bracelets, necklaces, rings or even religious figurines and sculptures. It is a fascinating place that should be on every tourist's itinerary, even those with no intention of making a purchase.
The market price of gold is displayed on signs around the souk and in individual stores. Always bargain on the price of anything you wish to purchase. Sellers will initially set a high price. The weight element of the price is non-negotiable but the charge for workmanship is. Reductions of as high as 30 percent are possible. Similar items can be found in many of the stores so take your time to shop around. Credit cards are accepted, but better discounts can usually be obtained if you pay in cash.
To be on the safe side ensure you purchase from the stores. Strict government regulations ensure items on sale are accurately described. The street vendors don't adhere to the rules and the jewellery they sell will often (if not always) fake.
Timings: 10 AM - 10 PM from Saturday - Thursday, 4 PM - 10 PM on Friday