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Exploring Dubai's Gold Market: A Comparison with India's Gold Prices
ByAinvest
Friday, Jul 25, 2025 9:48 pm ET1min read
Dubai's gold is sourced from African nations, Turkey, Switzerland, and Russia, and sold to India and China. Gold purity in Dubai is measured in carats, with 24 carat gold being the purest. The Dubai Jewellery Group updates gold prices digitally three times a day, with one gram of 24 carat gold quoted at AED 221.03, equivalent to Rs 5,184.75 at the current exchange rate. Gold is cheaper in Dubai than India due to lower taxes and higher gold reserves.
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