Indian expatriates are lining up at Dubai and Sharjah gold souks.
With the summer vacation in full swing, many are heading to the market to stock up on plain gold chains and simple designs before boarding flights back to India. UAE jewellers say they have seen a surge in sales as a large number of Indian expats travel home, and many residents are stocking up on jewellery before their flights. Experts say buying gold in the UAE can be up to 13 percent cheaper than in India, a gap that translates into savings of hundreds of dirhams per purchase. The advantage comes from the UAE’s zero import duty on gold and lower making charges, while Indian retailers face higher customs duties and taxes.
Why the price gap attracts savvy shoppers
Thanveer CP, Founder and Chairman of Arakkal Gold & Diamonds, explains the appeal. "If you are looking at gold jewellery prices, it is about 8 to 10 per cent cheaper when buying from the UAE," he said. "We have had a lot of people coming in to our store and buying jewellery before going back."— Thanveer CP, Founder and Chairman, Arakkal Gold & Diamonds Buyers typically choose pieces without stones, favouring plain chains that can be easily exchanged at Indian jewellery stores. Plain gold chains are particularly popular because they can be traded without the complications that come with intricate or stone‑studded designs. For gold bars or coins, the potential savings can reach the full 13 percent, though they may be taxable when transporting them to India.
Amina Mohamad Ali, Managing Director of MFar Jewellers, notes that retailers are tailoring offers to the travelling crowd. She estimates the savings at around 13 percent, a figure that resonates strongly with budget‑conscious travellers. "We have steady purchases from expats," she said. "Many retailers are running 'back to home' offers."— Amina Mohamad Ali, Managing Director, MFar Jewellers Promotions include either very low or 50 percent discount on making charges for selected designs, a 50 percent discount on diamond jewellery, and a free branded watch on purchases of Dh5,000 worth of diamond jewellery until July 31. These incentives make a trip to the gold souk a practical addition to any travel checklist, especially during wedding seasons or family visits when gifting gold is customary.
Frequently asked questions
Why are Indian expats buying gold in UAE?
Indian expats are buying gold in the UAE because it can be up to 13 percent cheaper than in India, thanks to zero import duty and lower making charges.
Where are Indian expats buying gold in UAE?
They are buying gold in Dubai and Sharjah gold souks, where retailers report a surge in sales from travellers heading home.
How much cheaper is gold in UAE than India?
Gold in the UAE is up to 13 percent cheaper than in India, especially for plain chains and simple designs.
What type of gold jewellery are Indian expats buying?
Expats favour plain gold chains and simple designs that can be easily exchanged in India, avoiding intricate or stone‑studded pieces.
Are there any promotions for gold jewellery in UAE?
Yes, retailers offer reduced or 50 percent making‑charge discounts, 50 percent off diamond jewellery and free branded watches with purchases over Dh5,000 until July 31.
Can I exchange gold jewellery bought in UAE in India?
Plain gold chains bought in the UAE can be exchanged at Indian jewellery stores, while more complex pieces may face complications.
