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Here are top tips to buy gold at cheaper rate in Dubai from sellers

IFM_Dubai Gold
Jewellers charge their customers making fees in addition to the purchase of gold

Millions of tourists travel every year to Dubai particularly to shop jewellery made of gold and diamonds. The Emirates’ gold souks are well-known for the diversity and excellence of the gold. Sales greatly rise during the wedding and festival seasons as locals and visitors from South Asian origins significantly raise the overall spending in this industry.

The precious metal is marketed in three categories: 22K, 21K, and 18K, with tens of thousands of gold and jewellery stores strewn throughout the world-famous Dubai Gold Souk and retail malls. Jewellers charge their customers making fees in addition to the purchase of gold. These fees are often fixed for smaller ornaments, but start as low as 4% for larger pieces of jewellery and are calculated on a per-gram basis.

Some prominent Jewellers had shared top tips in order to buy jewellery at cheaper rates in Dubai.

During an interaction with Zawya, Joyalukkas Group Chairman Joy Alukkas said, “A simple rule to buy gold cheap in Dubai is to wait for the price to drop. Shoppers don’t have to worry too much about price when the gold rate is low. We also offer buy now, pay later schemes to make it easier for shoppers. Top credit card institutions also offer attractive long-term payment plans for shopping.”

In addition, if a buyer is in a hurry to buy jewellery while the price of gold is at its peak, Joyalukkas offers its customers an opportunity to take advantage of its low-price model.

“Shoppers who opt for this benefit by paying 100% of value as advance can take advantage of the lowest gold price on the day of booking or within the next 180 days’ period,” Joy Alukkas added.

Ramesh Kalyanaraman, Managing Director of Kalyan Jewelers says Dubai offers significant discounts and special offers such as Dubai Summer Surprise and Dubai Shopping Festival on various products including gold and diamond jewellery.

“These sales are always a great time to look at buying gold to maximise one’s benefits. Apart from these seasonal sales, we also offer exciting deals during the festive seasons, which is also an auspicious time to buy gold,” Ramesh Kalyanaraman said.

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