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Suspense crime, Digital Desk : Dubai has long held the title of the “City of Gold,” especially for Indian buyers looking for better prices and guaranteed purity. Daily price updates from the emirate are eagerly watched, but a recent headline claiming a “massive ₹17,585 jump” has caused some confusion. Here’s the real story behind the numbers and today’s actual rates.

First, let’s clarify: gold did not surge by over ₹17,000 in a single day. That eye-watering figure represents the increase in the price of gold over the last full year, highlighting a strong upward trend in the precious metal’s value.

For those planning to shop, the daily rates are what truly matter.

Today’s Gold and Silver Rates in Dubai

Here are the current market rates for precious metals in Dubai, presented per 10 grams for easy comparison:

24-Carat Gold:

In AED: 2,829.50 Dirhams

In INR: ₹63,894

22-Carat Gold:

In AED: 2,619.50 Dirhams

In INR: ₹59,156

Silver:

In AED: 36.25 Dirhams

In INR: ₹818

The Yearly Picture: A Strong Upward Trend

The significant year-over-year price increase shows that gold has been a strong investment over the last 12 months. While this makes it more expensive for buyers today compared to last year, it also reinforces its status as a valuable asset that has appreciated considerably.

Why Dubai Remains a Golden Destination for Indians

Despite rising global prices, Dubai continues to be a magnet for Indian gold shoppers. The primary reason is the price structure. In India, gold prices include a hefty import duty and a 3% GST, which are absent in Dubai. This tax difference means that even with price fluctuations, buying gold in Dubai often results in significant savings.

Furthermore, Dubai’s strict government regulations on quality and purity mean buyers can be confident they are purchasing high-quality, authentic gold, adding a layer of trust to every transaction.

For Indian buyers, the key is to look past sensational headlines and focus on the daily rates and the tax advantages to make an informed and valuable purchase.

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