When it comes to purchasing gold at Dubai Airport, Terminals 1 and 3 are your go-to destinations, with Terminal 3 being the preferred choice due to its superior offerings. The convenience of these gold shops lies in their round-the-clock, year-round availability, eliminating any concerns about timing. To make the most of your visit, it’s advisable to conduct thorough research and determine your desired items in advance, ensuring efficient use of your available time.
- The price of gold coins is fixed, and people usually buy either a 4 gm coin or 8 gm coin. As per the current rate, an 8gm coin will cost you AED 1778.70 at the airport. The shops are open 24/7/365. Any gold coin they charge you the price of gold (same at that day) + 10 dhs in comisión as per 2023.
- They accept credit cards, debit cards, and cash. They do not charge additional fees, but your bank or credit card issuer may apply a fee, typically around 1 to 2% of the transaction. To determine the exact fee, it’s advisable to contact your bank or credit card issuer directly. The available payment methods remain the same as mentioned above.
- That gold is cheaper at the Gold Souk, but it depends on the making charges that each maker charges per gram.
For American citizens, there are specific financial regulations to consider. Individuals from the United States have a daily purchase limit of $2,000, and any transactions exceeding this amount must be reported to the IRS. This limit also applies if your bank is connected to SWIFT, which is associated with the US Federal Reserve. The US government closely monitors financial activities, akin to the watchful eye of an eagle. Furthermore, when returning to the United States, you are restricted to bringing back a maximum of $9,999.99 in cash, financial instruments, bullion, art, gemstones, and other valuables.