How to Sell Gold Jewelry in Dubai: 2025 Guide to Get the Best Price

Why Dubai Is the Best Place to Sell Gold Jewelry

Dubai has long been recognized as the gold capital of the world. With a tax-free market, transparent pricing, and high liquidity, it’s one of the best places to sell gold jewelry quickly and profitably. Whether you're upgrading, cashing in on an investment, or liquidating estate assets, knowing how to navigate Dubai’s dynamic gold resale market can help you get top dirhams per gram.

In this 2025 guide, we’ll cover:

• How gold prices are calculated in Dubai

• Where to sell gold safely

• What documents you need

• Common mistakes to avoid

• Online vs. in-person selling

• FAQs about taxes, purity, and market rates

Let’s dive into how to sell your gold jewelry in Dubai the right way.

Section 1: Understanding Gold Prices in Dubai

1.1 The Live Gold Rate

Dubai’s gold prices are set based on the international spot rate, updated twice daily by the Dubai Gold & Jewellery Group. Rates vary by purity:

Check the Dubai Gold Rate here before you sell.

1.2 Making Charges & Deductions

• Retail making charges paid at purchase are not recoverable

• Buyers deduct 2–5% for melting/refining

• Stones (diamonds, rubies, etc.) are typically removed or not counted

Section 2: Where to Sell Gold Jewelry in Dubai

2.1 Gold Souk, Deira – The Traditional Market

• Hundreds of gold buyers in one place

• Bargaining is common

• Some offer instant cash

• Always ask for a weighing and purity test in front of you

Trusted Gold Souk Buyers:

• Kanz Jewels

• Malabar Gold

• Joyalukkas Gold Exchange

• Sky Jewellery

2.2 Gold & Diamond Park – Modern, Secure Option

• Located on Sheikh Zayed Road

• Clean, air-conditioned showrooms

• Certified scales, less negotiation

• Good for branded or certified pieces

2.3 Branded Jewelers That Buy Back Gold

Some brands offer buy-back or upgrade programs:

Section 3: Selling Gold Jewelry to Zumrid Jewels

3.1 Why Choose Zumrid?

• Private consultation by appointment

• Immediate valuation using certified equipment

• Transparent melt-weight pricing

• Option to redesign or trade in instead of selling

• Competitive payouts on 18K, 22K, and 24K gold

3.2 What We Accept

• Gold chains, bangles, rings, and pendants

• Broken gold, single earrings, or outdated styles

• Hallmarked, non-hallmarked, or uncertified jewelry

Contact Zumrid Jewels for a free valuation

Section 4: Documents Needed to Sell Gold in Dubai

Note: Non-residents can also sell gold in Dubai with a valid passport.

Section 5: How to Get the Best Price for Your Gold Jewelry

5.1 Steps for a High-Payout Transaction

1. Check Live Gold Rate before visiting any buyer

2. Know Your Karat – 24K (pure) sells highest

3. Separate Stones from Gold – Diamonds have a different resale value

4. Visit Multiple Buyers to compare offers

5. Weigh Your Gold Yourself beforehand if possible

5.2 What Lowers the Value

• Missing pieces or broken clasps

• Fake hallmarks

• Gold plated (not real gold)

• Heavy stones or non-gold parts included in the weight

Section 6: Selling Gold Online vs. In-Person in Dubai

6.1 In-Person Pros and Cons

Pros:

• Instant cash

• Direct negotiation

• On-the-spot evaluation

Cons:

• Requires time and travel

• Risk of undervaluation

6.2 Online Gold Selling Options in UAE

Section 7: Taxes & Legal Concerns

7.1 Are There Taxes on Selling Gold in Dubai?

• No VAT on gold sales for individuals

• Selling inherited or gifted gold? No tax

• Business sellers (large volume) may require declaration

7.2 Exporting Gold Proceeds

• Cash limits for travelers: AED 60,000 or declare

• Wire transfers allowed for large transactions

• Always declare high-value exports when flying out

Section 8: Common Scams & How to Avoid Them

Section 9: FAQs About Selling Gold in Dubai

Q: Can tourists sell gold in Dubai?
Yes, tourists can sell gold by presenting a valid passport.

Q: Will I get full value for studded diamond jewelry?
No. Most buyers only pay for the gold weight. Diamonds should be sold separately to a diamond buyer.

Q: Can I sell 14K gold in Dubai?
Yes, but it may be harder to find buyers. The UAE market prefers 18K, 21K, 22K, and 24K.

Q: Does Zumrid offer cash or bank transfer?
We offer instant cash or secure UAE bank transfers, based on your preference.