Abu Dhabi

Gold Dealers in Abu Dhabi

Abu Dhabi, the capital of the UAE, is a major hub for gold trading and investment. Perhaps because its gold market is smaller in size that that of Dubai, it offers a sometimes more refined and more relaxed shopping experience, with prices that are generally in line with the region.

Abu Dhabi is home to numerous gold dealers, as well as several refineries, making it a strategic destination for investors seeking investment-grade bullion or beautifully crafted jewelry.

Why Choose Abu Dhabi for Buying Gold?

With its strong reputation for luxury and investment, Abu Dhabi’s gold market caters to both investors and those looking for high-end jewelry. Whether you’re interested in bullion bars, gold coins, or intricate jewelry, Abu Dhabi’s gold dealers offer a wide selection. Additionally, its proximity to gold refineries makes it ideal for those seeking direct bullion purchases at competitive prices.

Benefits of buying gold in Abu Dhabi include:

• Comparable pricing to Dubai’s markets
• A wide range of gold products, including direct access to refinery-sourced bullion
• A balance of luxury jewelry and investment-grade bullion options

What to Look for in Abu Dhabi Gold Dealers

When purchasing gold in Abu Dhabi, consider these factors:

• Reputation: Look for established dealers with strong local and international reputations.
• Product Variety: Whether you’re seeking bullion or jewelry, ensure the dealer offers the variety that suits your needs.
• Transparency: Ensure the dealer provides clear pricing, especially if you’re purchasing directly from a refinery.

Abu Dhabi Gold Dealers at a Glance

• Product Range: Bullion, coins, jewelry, and refinery-direct bullion
• Prices: Broadly comparable to Dubai’s gold markets
• Strategic Location: Proximity to gold refineries for direct investment opportunities

Tax on Gold in Abu Dhabi

In Abu Dhabi, investment-grade bullion is exempt from VAT, making it an attractive option for gold investors. On the other hand, jewelry purchases are subject to a 5% VAT, so buyers should be aware of this additional cost when making a purchase for personal use.

When buying bullion or jewelry in Abu Dhabi, it is common to be asked for your passport or Emirates ID (for residents), and this information may be added to your receipt. This helps gold dealers comply with AML and KYC laws and provides you with the necessary paperwork for taking your purchase out of the UAE. Paying in cash may help you secure a slightly lower price due to card processing fees often being higher than dealer profit margins, particularly in the low-premium bullion market.