Gold Rate In Dubai
As a growing hub for many different investment assets, Dubai is developing something of a reputation for itself as a popular trading centre for gold and other precious metals. In response, the gold rate in Dubai has become a hot topic of discussion among investors around the world.
Investors looking to make the best returns on their gold investment see the United Arab Emirates (UAE), and particularly Dubai, as one of the most lucrative places in the world to buy and sell gold. This probably has something to do with the seriously favourable tax landscape here. Or the fact that the local currency – the UAE dirham (the AED) – is pegged to the US dollar. Or is it simply the buzz that surrounds Dubai and the city’s Gold Souk as a hub of investment activity and opportunity?
A hub of wealth
It’s no secret that Dubai is a hub of wealth. A considerable amount of wealth trades hands in this city on a daily basis – just one of the reasons it has come to be referred to as the ‘City of Gold’.
Keeping an eye on the gold rate in Dubai is crucial for those looking to make the most of this hive of wealth and investment activity. The gold rate in Dubai is measured in the local currency, the AED, or United Arab Emirates dirham. Luckily, it’s easy to work out the AED gold rate since the currency is pegged to the US dollar at a multiple of 3.6725.
The gold rate and tax in Dubai
Historically, Dubai can thank its tax-free status for playing a major role in building its reputation as a top destination for prosperity and financial trade. Even now, it remains one of the cheapest places in the world to buy gold; coupled with its advanced infrastructure and welcoming, stylish surroundings, it’s easy to see what makes the Emirate so attractive to investors.
The recent introduction of a five per cent VAT on gold jewellery and diamonds has had an impact on the market. But gold bullion remains exempt, maintaining the interest in buying and selling gold in Dubai – so long as it’s classed as an investment precious metal.
How can you benefit from the gold rate in Dubai?
Thinking of investing in gold bullion? Buying gold in Dubai puts you at the centre of a financial powerhouse, but if you want to make the most of this opportunity, take the time to review your options.
Monitor the gold rate in Dubai carefully to make sure you buy at the right time and, when the time comes to make your purchase, look for a reputable company that you trust. At Kuber Jewellery, we can guarantee you the best prices in the industry as well as secure storage and excellent customer service at every stage.
Finally, it’s worth noting that we offer a buy back guarantee on all of our products so you can invest with confidence. Get in touch today to speak with one of our expert advisors.