Dubai Gold Souk

in #travel7 years ago (edited)


The Dubai gold market or bazaar is also called the old gold market of Dubai, one of the oldest markets in Dubai, and probably the oldest gold market in the emirate of Dubai. Located in the heart of Deira. This is one of the best places in the world for buying gold jewelry. In the shops, shops and pavilions in the windows there is a myriad of jewelry - works of local craftsmen and jewelers from other parts of the country. Due to low taxes, gold prices are almost the most profitable in the world. If you were invited to a gypsy wedding, then you probably will find an excellent gift, but a person with good taste will be difficult here.

  1. The market has 3 entrances and represents the letter T in the plan. The people are constantly hanging around the market: tourists, Arab girls and women of different ages, Pakistanis, Hindus and other ordinary public of Emirates public places. To the summer visitors were not very hot, fans are suspended on poles




    In the Emirates, a carat system is used to measure the quantity of precious metal and other metals (ligatures) in a product. If in a metric system pure gold is an alloy containing 99.9% of gold itself, then in carat - 24 carats. Like the number in the nominal value of the sample in the metric system, the gold content shows how much pure gold is contained in the jewelery alloy

    Thus, the carat gold 18 indicates that the alloy contains 18 pieces (carats) of gold and 6 pieces of ligature. Those. in such a gold alloy - 75% of gold, and it corresponds to our 750 gold sample. The higher the carat, the gold is yellow and more expensive, respectively.

    Gold in the Emirates is not mined, but only resold, but prices are still one of the lowest in the world.

    Countless gold stores offer 18 carat gold yellow, white and pink flowers, gold 21 and 22 karat, pure 24 karat gold. And also numerous collections of gold items with diamonds, pearls, emeralds, sapphires, rubies and other precious and semiprecious stones. The Arab Emirates is one of the largest exporters of gold. There have been cases when the price of gold in Dubai fell below the prices on the London Stock Exchange!


    Showcases are simply littered with gold trinkets for every taste ... although no, there's almost nothing for good taste.


    Light and elegant necklaces!



    Only here you can buy an excellent gold belt, which will warm you in the cold Russian winter.

    Modest chains, earrings and bracelets.

    Excellent is not it?

    A great example of oriental design.





    Gold is a very heavy metal: the density of pure gold is 19621kg / m³. Some products behind the appearance of its vastness hide the thin walls (petals), the thin links of the chain. Very often, massive and looking to look heavy bling are made from hollow or "blown" gold. Like necklaces or bracelets look great (for which it is calculated, to throw dust in the eyes of others), but because of the hollowness in reality, it's very light, easier than you expect.


Bracelets can be bought simply for weight, they are priced at the price of gold on the stock exchange.



Of course, something had to become the most-most. On the market in one of the shops is the heaviest gold ring. This ring is made of 21 karat gold weighing 58 kg 686 grams, and decorated with 5.17 kg of precious stones. The total weight of the ring is thus 63 kg 856 grams.
How to buy? Virtually on all products there is no price tag, if the price tag is, then inflated or even with an absurd amount (the psychology of selling jewelry in a country unfamiliar to visitors). Local people know about this and are traded, visitors or retired without asking a real sum, or timidly ask the real price. The trader can call the same amount or slightly lower, which is also the reason for the buyer's flight. In the emirates, the price of products is not fixed, if the product is gold, without stones (or with small stones, where their weight does not greatly affect the price of the product itself), its price is made up of its weight. The price per gram varies every day and, as a rule, is the same for all benches. The seller takes a thing he likes, places it on special electronic scales, recognizes the weight and makes some complicated calculations on the calculator (namely, complex ones, in several operations of multiplication / division / subtraction and addition) and give out the final sum.


How to buy? Virtually on all products there is no price tag, if the price tag is, then inflated or even with an absurd amount (the psychology of selling jewelry in a country unfamiliar to visitors). Local people know about this and are traded, visitors or retired without asking a real sum, or timidly ask the real price. The trader can call the same amount or slightly lower, which is also the reason for the buyer's flight. In the emirates, the price of products is not fixed, if the product is gold, without stones (or with small stones, where their weight does not greatly affect the price of the product itself), its price is made up of its weight. The price per gram varies every day and, as a rule, is the same for all benches. The seller takes a thing he likes, places it on special electronic scales, recognizes the weight and makes some complicated calculations on the calculator (namely, complex ones, in several operations of multiplication / division / subtraction and addition) and give out the final sum.



Among the majority of Indian and Islamic buyers are very often the citizens of the developed countries of Africa, Nigeria primarily (although very black here from many parts of the world, not only from Africa), blacks are very fond of gold and the more chain links and the more ridiculous the chain, the better

White buyers are also from all corners of the world. Often come in the pursuit of cheap jewelry, although picky to the quality of the product to the buyer or need to know the proven places where to buy the necessary, or to look for a suitable trader. In the emirates, there are a lot of artisanal (in our understanding) products, made carelessly or carelessly, with crooked petals or protruding burrs. Some products are copies of local jewelers adorned by famous brands like Tiffany, Cartier and others.


Most of the texts were copied from the journal Alexey https://russkiy.livejournal.com This is the best magazine about the UAE! Subscribe. I strongly advise Alexey's two stunning reports about this market: http://russkiy.livejournal.com/39606.html

I hope you were interested to read! Waiting for comments.

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.034
BTC 90603.36
ETH 3085.35
USDT 1.00
SBD 2.98