Pure Metal Rate in AED
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FAQs

Below is a list of questions which we are most commonly asked. If there is anything we have not answered below, please get in touch and we will be happy to help.

What is investment gold and do I have to pay VAT on it?

Investment gold is gold of a purity not less than 995 thousandths that is in the form of a bar, or a wafer, of a weight accepted by the bullion markets or a gold coin minted after the year 1800 of a purity not less than 900 thousandths and has been or is classed as legal tender in its country of origin. The gold metal content in Investment gold bars or coins are not subject to VAT or any other Tax in the U.A.E., but the small manufacturing or fashion charges associated with the production of minted bars, wafers or bullion coins is subject to VAT at 5%. We are obliged to collect this small VAT charge from our customers on behalf of Dubai customs authorities.

Can I collect my purchase from your offices?

We are more than happy for you to collect your bullion purchase in person from our Deira Gold Souk office. This can be arranged in advance once we have received full payment by bank transfer and payment has cleared our end. Please ring the office for further details of what may be required from you when you arrange to pick up your bullion products.

Why do I need to register an account before I can buy bullion from you?

We always aim to provide a fast, reliable and efficient service to our valued customers based on a process that is secure, trackable and transparent. Due to the high value of many of our transactions we need to be sure of the identities of our customers. An individual customer registration and account is therefore necessary to allow us to fulfil these requirements. These requirements are requirements we need to fulfil to account for our obligations as a company to the U.A.E. Authorities. You may wish to find more information here and you can register for an account here.

Do I receive an Assay Certificate with my bullion?

Smaller gold and silver bars from 1g to 100g are not always individually stamped with a serial number but are supplied with a numbered Assay Certificate set in a clear plastic case with the gold bar. Larger bullion bars are individually cast, stamped with an identifying serial number and supplied with an individual Assay Certificate. Bullion coins are not stamped with a serial number and this is how they are supplied by the World Mints. Rest assured that we source all our bullion products direct from the individual Mints or Refiners, so you can be sure that we only supply original authentic bullion products at all times.

Can I sell my bullion to you?

Yes, if you would like to sell your bullion, please get in touch and we will guide you through the process which is quick, easy and secure.

You can also sell most forms of unwanted gold, platinum or silver jewellery through our sister company at sellgold.ae at the most competitive rates in the U.A.E.

I live outside Dubai, can I order from you?

We can only deliver bullion to customers who are permanently resident in the U.A.E. If you are visiting Dubai you can order and collect in person from our offices once payment has cleared, and you have provided any proof of funds that we may require. Please call the office direct if you are unsure of any aspect of this.

What happens to the personal information that I give to you?

We assure all our valued customers that any personal details are protected and securely held on password protected computers and only the information required to fulfil your order or that personal information we are required to keep by the U.A.E authorities is securely stored. See terms and conditions.

What happens if I change my mind after placing an order?

By submitting an order you are agreeing to buy at the specified price. If you cancel the transaction before delivery or collection we will charge you a fee of 150 AED plus a sum equivalent to any loss of value of the ordered item(s) due to fluctuations in the market price of the precious metal concerned. Please see our market loss policy in our terms and conditions

What is the current gold rate?

What is the Difference Between Emirates Gold, PAMP, Credit Suisse etc

The difference between different gold bar manufacturers lies in several factors, including:

  1. Purity: The purity of gold bars can vary between manufacturers. Some may offer bars that are 99.99% pure while others may offer bars that are only 99.5% pure.
  2. Weight: Manufacturers can produce gold bars in varying weights. While most standard gold bars weigh 1 ounce, some manufacturers may produce bars anywhere from 1 gram to 10 ounces.
  3. Design: Some manufacturers may produce gold bars with unique designs or markings. These can include stamps indicating the bar’s weight, purity or manufacturer, as well as designs that may increase the bar’s aesthetic appeal.
  4. Packaging: The way the gold bars are packaged may differ between manufacturers. Some may be packaged in protective cases or wrapped in a protective film, while others may simply come in a plastic bag. The quality of the packaging can also affect the perceived value of the gold bar.
  5. Reputation: Finally, the reputation of the manufacturer can also affect the perceived value and quality of the gold bars produced. Established and trusted manufacturers may sell their gold bars at a premium compared to newer or lesser-known manufacturers.

Do you buy back? What is the rate between buying and selling?

We buy all gold and silver bullion. Our minimum standard rates for Gold are 98% if purchased from iGold and 97% if purchased elsewhere and our rates for Silver are 94% if purchased from iGold and 93% if purchased elsewhere. Please call us for a quote as sometimes we can offer a higher rate depending on market conditions at the time.

What is the limit for buying gold if I pay cash?

Cash payments to a maximum of AED 50,000 may be made at our office for bullion purchases. Acceptable ID documentation to confirm personal identity and address must be produced by the customer including proof of funds before release of any confirmed order. Should you want to pay for your bullion order in this way please ring the office immediately after placing your order so that your account can be marked as such and the procedure can be clarified with you.

Is now a good time to buy gold or silver?

As we are not financially regulated, we cannot advise on when you should purchase or even sell. Bullion dealers are not required to be regulated by the U.A.E. Authorities. If you are planning to invest a large amount of funds, we always advise our customers to consult with a financial advisor to determine what investment is best suited for your financial goals and risk tolerance.

Is there any tax to pay when buying gold or silver?

The Gold or Silver metal content in Investment gold or silver bars or coins are not subject to VAT or any other Tax in the U.A.E., but the small manufacturing or fashion charges associated with the production of minted bars, wafers, cast bars or bullion coins is subject to VAT at 5%. We are obliged to collect this small VAT charge from our customers on behalf of Dubai customs authorities.

Do you accept credit/debit card payments?

To offer the most competitive rates on all our bullion products we currently only accept payment direct to our bank account or over the counter at our office to a max of 50,000 Aed in Cash, subject to certain conditions explained above. Unfortunately we do not currently accept card payments but this is something we are looking to offer in the near future.

What is good to buy, silver or gold?

As we are not financially regulated, we cannot advise on which precious metal you should consider purchasing. Bullion dealers are not required to be regulated by the U.A.E. Authorities. If you are planning to invest a large amount of funds, we always advise our customers to consult with a financial advisor to determine what investment is best suited for your financial goals and risk tolerance.

What is the difference between coins and bars and why are coins more expensive?

Gold coins and gold bars are both forms of investment in physical gold or silver, but there are a few differences between them.

Gold coins are typically smaller and are minted by government or private entities. They often carry a premium over the actual value of the gold because of their historical or collectible value, which may increase their cost. Gold coins are often used for numismatic collection or as legal tender bullions.

On the other hand, gold bars are larger and are usually produced by refiners. They are generally composed of pure gold with a uniform shape and size, making them easier to store and transport. Generally, gold bars have lower premiums over the actual value of gold because they do not have the same historical or collectible value.

Overall, the cost of gold coins will depend on factors such as rarity, age, condition, and historical significance, which can increase their value beyond the actual value of the gold they contain.

If I buy online, how can I be sure you are sending real gold or silver?

All of our bullion products are purchased by us directly from the manufacturers, so you can be assured that you are buying real Gold and Silver when shopping with iGold. Kuber Jewellery LLC owns and operates the website iGold.ae. We have been in business for over 30 years in Dubai U.A.E. and we have an excellent reputation in the industry. We are also long term members of the Dubai Jewellery Group, our membership can be checked here. We are listed as Kuber Jewellery LLC.
Why iGold
Why should I buy gold?
Why should I buy gold?

Gold can provide a stabilizing effect on investment portfolios in times of economic uncertainty and has long been used by investors as a way of protecting wealth..

Why Sell Gold?
Why Sell Gold?

In addition to being one of the UAE's largest Scrap Gold Buyers we also offer market leading Buy Back rates for Gold and Silver Bullion products.

high quality gold
Affordable and High Quality Gold

The lowest of premiums on the World Renowned iconic brands that you know and love. Beautiful products from PAMP, Emirates Gold, The Perth Mint, The Royal Mint and more.