How to Sell Old Gold in Dubai and the UAE for the Best Price
By Editorial team ·
Selling or exchanging old jewellery is common in the UAE. A few steps make sure you get a fair price.
How the price is calculated
Offer = weight × (karat gram rate − shop deduction). Today's 22K rate is 422.22 AED/g and 21K is 403.02 AED/g. Making charges and VAT you paid originally are not refunded.
What to bring
- Your Emirates ID or passport — shops record second-hand purchases.
- The original invoice if you have it.
Tips
- Check the live rate before going.
- Ask the shop to weigh and test (XRF) in front of you.
- Compare cash and exchange offers — exchange can give a better rate but adds new making charges.
- Remove stones or ask how they are deducted.
- Get a receipt.
FAQ
Where can I sell old gold in Dubai?
Most jewellers in the Gold Souk, malls and neighbourhood shops buy old gold.
Do I need Emirates ID to sell gold?
Shops generally ask for ID when buying second-hand gold.
Is exchange better than selling for cash?
Exchange offers can be higher, but you pay making charges on the new piece; compare both.
