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Why Gold Prices Are Less In Uae Category: General
fareeda Fareeda

Gold prices in uae because there is no VAT or sales taxes in dubai ,hence the price of gold in uae is much cheaper compared to other countries.Focusing on the UAE market, the retail gold rate today in Dubai is AED 153.75 for 24K, AED 144.50 for 22K, AED 137.75 for 21K and AED 118.00 for 18K. These are the prices quoted in UAE today for one gram of gold.The Government of Dubai has displayed several outdoor signs, so giving details of the city's live retail gold rate to the citizens. Such displays are mainly found at locations like Gold Souk which is popular for gold trading. Besides, the authorities are also trying to maintain transparency and help the city retain its status as the "City of Gold."along with gold dubai is also famous for online shopping.

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