Sharjah

Gold Dealers in Sharjah

Sharjah is one of the larger emirates in the UAE and home to a growing number of gold dealers and refineries. While many residents work in neighboring Dubai, they often choose to buy gold in Sharjah due to the competitive prices and slightly quieter markets.

With its mix of bullion dealers, jewelry sellers, and gold refineries, Sharjah provides a range of options for both investors and gold enthusiasts.

Why Choose Sharjah for Buying Gold?

Sharjah offers an excellent alternative to the hustle and bustle of Dubai. Whether you’re looking to invest in gold bullion or purchase exquisite jewelry, the emirate offers competitive pricing and a wide selection. Additionally, Sharjah is home to several gold refineries, making it a strategic location for those seeking to buy directly from the source.

Benefits of buying gold in Sharjah include:

• Competitive pricing due to lower business costs compared to Dubai
• A broad range of gold products, including bullion, coins, and jewelry
• Access to gold refineries for direct purchases

What to Look for in Sharjah Gold Dealers

When purchasing gold in Sharjah, consider the following factors:

• Reputation: Ensure the dealer has a strong track record, whether you’re purchasing bullion or jewelry.
• Product Range: Look for dealers who offer a mix of products, from investment-grade bullion to refined jewelry pieces.
• Transparency: Verify that the dealer provides clear and upfront pricing, including any fees for refining or craftsmanship.

Sharjah Gold Dealers at a Glance

• Product Range: Bullion, coins, jewelry, and direct purchases from refineries
• Competitive Prices: Lower premiums compared to Dubai
• Strategic Location: Proximity to refineries for sourcing investment-grade bullion

Tax on Gold in Sharjah

In Sharjah, investment-grade bullion is exempt from VAT, making it a great option for investors. However, jewelry purchases are subject to a 5% VAT, which buyers should keep in mind when making a purchase for personal use.

When buying bullion or jewelry in Sharjah, it is common to be asked for your passport or Emirates ID (for residents), and these details may be noted on your receipt. This helps gold dealers comply with local AML and KYC regulations, while also providing you with the necessary paperwork for leaving the UAE with your gold. Additionally, paying in cash might result in a slightly better price due to card processing fees, which can sometimes be higher than dealer profits due to low gold premiums in the UAE.