Silver Rate in Dubai

With global inflation and frequent fluctuations in gold and silver rates, silver has gained attention as a potential investment. The UAE silver market has flourished as many locals and tourists purchase silver, recognising its value and investment potential.

To ensure you buy silver at competitive prices and high quality, staying updated on daily silver rates in Dubai is essential. This way, you will make a profitable investment. Let’s now explore silver prices based on purity grades and some essential tips for buying silver.

Silver Rate in Dubai
Why Buy Silver from Dubai?
Understanding Silver Standards
Tips on Buying Silver
Reputable Silver Dealers in Dubai
FAQs

For those buying silver jewellery on December 15th, 2024, knowing today’s silver rate will help you make a budget. So, here are the daily updates for silver rates in Dubai per gram.

Silver Standards	Price Per Gram
(999) Fine Silver	AED 3.61
(958) Britannian Silver	AED 3.46
(925) Sterling Silver	AED 3.34
(916) 22K Silver	AED 3.31
(875) 21K Silver	AED 3.16
(800) Jewelry Silver	AED 2.89
(585) 14K Silver Gram	AED 2.11

Why Buy Silver from Dubai?

UAE is renowned for its finest gold and silver jewellery at the best rates. Buying silver from Dubai is beneficial for you in terms of no value-added tax.

Another reason for purchasing silver items in the UAE is purity and less chance of getting low-quality silver.

Understanding Silver Purity Grades

When purchasing silver, you must be aware of its purity grades and popular numerical stamps on it. With the following categories, you can easily identify the fitness and purity percentages.

The products with a mark of higher numbers are of the best quality, such as:

.999 Silver (Fine Silver): 99.9% pure silver
.958 Britannia Silver: 95.8% or above silver content
.925 Silver (Sterling Silver): 92.5% pure silver and 7.5% other metals
.900 Coin Silver: 90% silver and 10% copper
.800 Jewellery Silver: 80% silver and 20% other metals
.916 22K Silver: 91.6% pure silver and 8.4% other metals
.875 21K Silver: 87.5% pure silver and 12.5% other metals
.585 14K Silver Gram: 58.5% pure silver and 41.5% other metals

Tips on Buying Silver

Here are some essential tips for buying silver in the UAE:

1. Make a Budget

Making a budget is best for buying an item you need without spending too much. To do so, you must be aware of the daily silver rates in the UAE.

2. Pick Reputable Traders

Choosing a reputable dealer is crucial while buying jewellery. You must go to those silversmiths who can guarantee the product’s quality and purity.

3. Compare Prices

You must compare prices with multiple jewellery shops before making a final purchase. Regardless of the uniform silver rates, the making charges vary among jewellers. For this reason, doing a survey and comparing the prices can save you some dirhams.

4. Check for Purity

Before buying silver, always check and confirm its purity grade. You can check the purity by looking for the mark on the items. In case there are no marks on silver items, take them to a professional jeweller to test the quality.

5. Invest in Fine Silver

For investment purposes, fine silver is the best due to its highest level of purity and fitness. Also, the return on investment for pure metals is much higher than for alloys.

6. Buy Sterling Silver Jewellery

If you are fond of jewellery, sterling silver is perfect for you. 925 Sterling Silver is the most common and suitable metal for jewellery and ornaments due to its long-lasting shiny lustre.

Phone

+971-55-606-8681

FAQs

1. How Much Silver Can I Carry From Dubai?

You can carry 10 kgs of silver from Dubai as a passenger.

2. Is Silver a Good Investment?

Silver, like gold, also offers some inflation protection as its price rises when interest rates fall. As a result, silver is a good investment.

3. Is Silver VAT-Free in Dubai?

Investment gold or silver bars or coins in the UAE are tax-free. However, small manufacturing or fashion charges are subject to 5% VAT. These silver items include:
– Minted Bars
– Wafers
– Cast Bars
– Bullion Coins

With the increasing rates of silver, investing in this very metal is also a good option. However, you must be well aware of silver purity grades and the dealer’s reputation. With a keen check on the daily silver rate in Dubai, you can buy the items at the best prices.

Besides that, you can also get daily updates on the gold rates in Dubai on Property Finder. For more insights on shopping centres in the UAE, stay tuned with us.

Silver Rate in Dubai – All the Prices You Need to Know