Malabar, Joyalukkas & Kalyan Gold Rate Today in UAE – How Jewellers Set Prices
By Editorial team ·
Thousands of people search every day for the Malabar gold rate, Joyalukkas gold rate or Kalyan gold rate in Dubai. The surprising truth is that the gold rate of the big jewellers in the UAE is almost the same, because they all follow one daily reference rate. What changes is everything added on top.
Where jewellers' daily gold rate comes from
Retail gold prices in the UAE are set from the international spot price of gold in US dollars, converted to dirhams at the fixed rate of 3.6725 AED per dollar. The Dubai Gold & Jewellery Group publishes a daily reference rate (usually updated in the morning and evening), and most jewellers — large chains and souk shops alike — use it. Today's raw rates are 422.22 AED per gram for 22K and 460.60 AED for 24K.
So why do bills differ between jewellers?
- Making charges: the biggest difference. They can be a fixed amount per gram or a percentage, and vary by design.
- Stone value: diamonds and gems are priced separately.
- VAT: 5% is added to jewellery in the UAE.
- Offers: making-charge discounts, festival promotions and gold-rate protection plans.
How to compare two quotes fairly
- Ask for the weight, karat and gold rate used.
- Ask for the making charge in AED (not only as a percentage).
- Check whether VAT is included.
- Divide the total by the weight to get an "all-in" price per gram and compare that.
Use our gold calculator to check any quote against today's rate, and see live 22K and 24K prices.
We are an independent price site and are not affiliated with any jeweller. Brand names are used only to describe what people search for.
FAQ
Is Malabar gold rate different from Joyalukkas?
The daily gold rate is usually the same or very close because both follow the Dubai reference rate; final prices differ by making charges and offers.
Who sets the gold rate in Dubai?
Retail rates follow the daily reference published by the Dubai Gold & Jewellery Group, based on the international spot price.
Does the jeweller's rate include VAT?
Usually not. 5% VAT is added to the gold value and making charge of jewellery.
