Dhanteras Special: 5 Places Around the World to Buy Gold

It’s the time of the year where you have full freedom to over-indulge, shop to your heart’s content and generally party with a legit reason. Dhanteras, which is on Monday, 5 November this year, is considered the most auspicious day to buy metal, and people all over India make a bee-line for their local markets to buy their choice of metal. Of course, Indians have a favourite metal, and that is gold. We love to flaunt it, store it, buy it, sell it, and discuss it at great length. Won’t you like to know where in the world you can go to buy the best gold? We take that as a yes!

Buy Diwali Gift Card

So, for the love of gold and shopping, check out the 5 best places in the world to buy gold.

Dubai, UAE

When you think of Dubai, the idea of buying gold surely pops up immediately. What started with gold trading, Dubai is now synonymous with the sale of gold. The Gold Souk area in Deira is the hub for gold shopping, and you should see the festive crowds and the elaborate display of gold to believe it. With shop windows literally laden with gold ornaments, you will be speechless when you see the glittering display! Watch out for the Dhanteras and Diwali promotions and discounts, where you can buy gold at a steal, with some intricate designs to choose from.

Best Places to Buy Gold: Dubai Gold Souk, Joyallukas, D’damas, The Gold and Diamond Park, Malabar Gold

Quick Tip: Negotiate hard on making charges, and take quotes from a few stores before you buy anything. Also, shop during Diwali and Dhanteras for the best promotions and deals.

Book Your Flight to Dubai

 

Bangkok, Thailand

While shopping is already a joy in Bangkok, buying gold in this city is exceptionally satisfying because of the low margins and the wide array of choices. The one place to swear by to buy gold in Bangkok is Yaoworat Road in China Town, where rows of gold jewellery shops greet you with excellent designs. Exercise caution buying gold in Bangkok, as many shops might sell gold cheap but the quality could be highly questionable. Yaoworat Road is a trusted location for gold shopping, and will be your one-stop for jewellery shopping.

Best Places to Buy Gold: Hua Seng Heng and Tao To Kang  at Yoaworat Road in China Town

Quick Tip: Always go to reputable gold shops and don’t follow the word of tuk tuk drivers who get a cut at places they suggest for gold shopping.

Book Your Flight to Bangkok

Hong Kong, China

Hong Kong is popular as a hub for shopping and great deals, so it is no surprise that it features in this list for great places to buy gold. Take a retail pilgrimage to Hong Kong this Diwali and shop for gold at the most reasonable prices. Hong Kong is also one of the most active gold trading markets around the world, and is a price setter for other places around the world. Leveraging from this dominant position, buying high quality gold jewelry in Hong Kong can be a real steal. Goldsmiths in Hong Kong are known for their creative designs, and you can also get customised pieces designed, instead of buying off-the-rack jewellery.

Best Places to Buy Gold: Chow Sang Sang, Luk Fook Jewellery, Chow Tai Fook

Quick Tip: Listen for the term Chuk Kam in Hong Kong, which means the purity of gold is 99% or higher. 

Book Your Flight to Hong Kong

Cochin, India

At a traditional wedding in Kerala, there is a lot of importance given to gold and ornaments worn by the bride, and the exchange of gold gifts between the bridal parties. This love for gold transcends on to the festive time of Diwali, where women adorn their best gold jewellery. Buying gold is one the most common investment in Kerala so naturally then, gold is bought and sold during Dhanteras with a lot of enthusiasm in this state.

Best Places to Buy Gold: Malabar Gold, Bhima Jewels, Joyallukas, Malabar Gold and Diamonds

Quick Tip: Kerala has a higher percentage of exchange of gold ornaments rather than purchasing new ones. How about getting your old gold bracelet out and buying yourself something new this Dhanteras?

Book Your Flight to Cochin

Zurich, Switzerland

We’ve heard of Switzerland as a great place for designer watches and delicious chocolates, but did you know it is also one of the best places in Europe to buy and store gold? Those famed Swiss bank accounts have scores of gold stored in them, and many Indians and Europeans flock to this tax-haven to buy gold. Buy jewellery or gold bars in Zurich, after choosing from the most exquisite designs made by craftsmen who pass the skills on to generations. Bahnhofstrasse, Zurich’s main downtown street, is also a great place to purchase gold encrusted watches, accessories and eyewear, which are definitely worth adding to your collection of precious items.

Best Places to Buy Gold: Bucherer, Cartier, Tiffany and Co, Bulgari, Chopard

Quick Tip: Shop for gold at the designer stores, which guarantee exquisite designs as well as have great brand value.

Book Your Flight to Zurich

Where will you be buying gold this Dhanteras?