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As a Chenni resident, you should not buy physical gold in Dubai from a shop, as most retail gold shops are partially or completely fraudulent. However, if you happen to have a trusted contact in Dubai, you could purchase gold certificates from the National Bank of Dubai. These certificates are valid for 5 years, and can be redeemed for the actual gold bars, or traded as the price of gold changes. The operative word for purchasing anything in Dubai is caution. Most prices are higher than countries such as the USA (mobile phones, computers), Thailand (clothing), China (durable goods). Virtually all shops I have purchased from on Al-Fahindi street are selling fraudulent electronic goods. Karama specializes in fake brand names. Buying fakes is fine with clothing if the price is low and you know what you are getting, but buying gold is a little less fun when you end up with some other metal mixed in to the center of your jewelery. Be careful. There are many, many stories of people buying from the gold souk and massively overpaying, or being sold outright garbage. Buy from a bank if you absolutely must. Are there no places in India you can buy? As a Chenni resident, you should not buy physical gold in Dubai from a shop, as most retail gold shops are partially or completely fraudulent. However, if you happen to have a trusted contact in Dubai, you could purchase gold certificates from the National Bank of Dubai. These certificates are valid for 5 years, and can be redeemed for the actual gold bars, or traded as the price of gold changes. The operative word for purchasing anything in Dubai is caution. Most prices are higher than countries such as the USA (mobile phones, computers), Thailand (clothing), China (durable goods). Virtually all shops I have purchased from on Al-Fahindi street are selling fraudulent electronic goods. Karama specializes in fake brand names. Buying fakes is fine with clothing if the price is low and you know what you are getting, but buying gold is a little less fun when you end up with some other metal mixed in to the center of your jewelery. Be careful. There are many, many stories of people buying from the gold souk and massively overpaying, or being sold outright garbage. Buy from a bank if you absolutely must. Are there no places in India you can buy?

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