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Dubai Gold Souk or Gold Souk (Arabic: سوق الذهب‎), is a traditional market (or souk) in Dubai, UAE. The souk is located in Dubai’s commercial business district in Deira, in the locality of Al Dhagaya. The souk consists of over 379 retailers, most of whom are jewellery traders. According to estimates, approximately 10 tons of gold is present at any given time in the souk[1] It is bordered to the north by the Dubai Fish and Vegetable Market and the Deira Corniche near Baniyas Square at Sikkat al-Khali Street which is in close proximity to the Deira Bus Stand. The Dubai Gold Souk is 5 minutes walk from the Old Souk marine station.
Dubai is known for really cheap gold — but you’ll have to haggle for it. Whether or not you’re ready to buy, a stroll through the dazzling Gold Souk is a must. The stores also offer platinum, diamonds and occasionally silver, and the government keeps tight control over the quality of all the merchandise, so rest assured that your purchases will be genuine. (The same cannot be said, however, of the street vendors outside hawking “genuine fake” watches and “Guuci” handbags.) If something in the window catches your fancy, be sure to barter — persistent protest capped with a walkaway will get merchants to drop their asking price by as much as half.
Less atmospheric, but even cheaper, is the Gold & Diamond Park, where you can find unique designs or get jewelers to recreate pieces for you at a fraction of the cost.