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Selling Gold in the UAE

In Dubai and across the UAE, jewellers in the Gold Souk, Meena Bazaar, Al Fahidi and Karama buy old gold, and bullion dealers may pay more for coins and bars. The rates shops display are their selling prices: when you sell you get the gold content at the prevailing rate minus a buying deduction, and making charges, labour and design aren't paid for. Dealers must identify you for cash deals of AED 55,000 or more, and many ask for an Emirates ID or passport on any sale.

Facts checked 26 October 2026

24K gold, AED per gram
AED 474.45
International price, live

Where to sell

  • Jewellery shops in the Deira Gold Souk, Meena Bazaar, Al Fahidi Souk and Karama buy old gold for cash or exchange.
  • Bullion dealers may pay more for coins and bars than jewellers do.
  • Home and mobile buyers such as SellYourGold.ae (backed by Al Fujairah Jewellers) test the gold at your home and pay by cash or bank transfer.
  • Ministry of Economy guidance names retail jewellers, direct buyers and pawnshops as businesses that may buy used jewellery.

What you'll be paid

  • The Dubai Gold & Jewellery Group's rates are retail selling prices. You'll be offered the gold value at the prevailing price minus a buying deduction; neither buyers nor the press publish its size.
  • Making charges aren't recovered; stones are valued separately, and design isn't paid for.
  • Jewellery loses more to deductions for labour, wastage and wear; bars and coins sell closer to market value.

ID, cash and paperwork

  • AED 55,000 rule: dealers in precious metals must identify customers in cash transactions, or linked transactions, of AED 55,000 or more (residents: Emirates ID or passport; visitors: passport), report them on goAML within two weeks and keep records for five years. Cashier's cheques count as cash, and splitting a sale to stay under the threshold is covered too.
  • ID below the threshold: many buyers still ask for an Emirates ID and issue an invoice for every sale.
  • Bring the original invoice or certificate if you have it; without it the buyer relies on the fineness mark (916 = 22K, 875 = 21K, 750 = 18K).

Before you sell

  1. Check today's rate for your karat and the gold value with the gold sell-back calculator.
  2. Ask for an XRF test in front of you and to see the reading, and for the deduction in writing.
  3. Get two or three quotes, and walk away from a buyer who can't explain the calculation.
  4. Complaints about shops and scales in Dubai go to Dubai Municipality.
  5. There's no personal income tax on the sale: see tax on selling gold in the UAE.
Selling gold in other countries: India · Pakistan · Saudi Arabia · United States · United Kingdom · Canada · Australia · all countries
See also: Gold sell-back calculator · Tax on selling gold in UAE · Gold price in UAE · How to check gold purity

Selling Gold in the UAE: FAQ

Do I get the DGJG rate when I sell gold in Dubai?

No. The Dubai Gold & Jewellery Group rates that shops display are selling prices. Buyers pay the gold content at the prevailing rate minus a buying deduction, and making charges aren't refunded. Bars and coins usually sell closer to market value than jewellery.

What ID do I need to sell gold in the UAE?

For cash sales of AED 55,000 or more, dealers must identify you (Emirates ID or passport) and report the deal. Many buyers ask for ID on every sale and issue an invoice.

Is there tax on selling gold in the UAE?

Individuals pay no personal income tax in the UAE, and personal investment income is outside corporate tax.

Sources (7)

General information, checked October 2026. Rules, limits and terms change; check with the provider, insurer or authority before you rely on them. Not financial, legal or tax advice.