Top > News > Articles
Buy gold for nearly 70% less? UAE shoppers warned about jewellery scams

With gold prices making dramatic moves in early 2026, consumers across the UAE are being urged to stay cautious when shopping for jewellery online. Authorities and industry experts are raising concerns over suspicious websites offering gold at prices far below market value, warning that such deals may not be legitimate.

The appeal is obvious—who wouldn’t be tempted by gold sold at a fraction of its usual price? However, experts stress that unusually low prices are often a red flag. Reports have surfaced of buyers paying significantly less than the actual value for items advertised online, only to later discover inconsistencies or potential issues with their purchases.

Consumers are strongly advised to rely on trusted and well-known retailers when buying gold or jewellery. Verifying current market rates before making a purchase is also essential, as it helps buyers quickly identify deals that seem unrealistic. If a product is priced far below the standard rate, it is likely not a genuine offer.

Authorities have also cautioned against misleading advertisements and social media promotions that claim to offer high-quality gold at steep discounts. These listings often appear convincing but may be linked to unreliable or unverified sellers.

Adding to the complexity, gold prices themselves have been highly volatile this year. After reaching record highs earlier in 2026, prices saw a sharp decline in recent months. This fluctuation has created confusion among buyers, making it even more important to stay informed about current rates and market trends.

Despite the uncertainty, demand for certain types of gold jewellery remains strong. In particular, lighter karat options such as 14K gold have gained popularity among international visitors, especially those seeking more affordable alternatives while still enjoying quality craftsmanship.

Ultimately, experts emphasize that awareness is the best protection. Checking official price benchmarks, purchasing from reputable sources, and avoiding deals that seem unusually cheap can help consumers make safer and more informed decisions.

Toward the end of the first quarter of 2026, gold prices had surged to record levels before dropping sharply within weeks, highlighting just how quickly the market can change. Combined with warnings from industry groups and authorities about suspicious online offers—some priced at nearly one-third of typical market rates—shoppers are encouraged to remain vigilant and prioritize authenticity over apparent bargains.

Read More

Advertisement

Advertisement

Advertisement

Access Ranking
List of the Best Physiotherapy Clinics in Dubai [2026 List]
Healthy
List of the Best Physiotherapy Clinics in Dubai [2026 List]
Oil Prices Surge Amid US-Iran Tensions
money
Oil Prices Surge Amid US-Iran Tensions
2026 Interior Design Trends Singapore: Skip the Fads, Invest in These 5 Looks
Home
2026 Interior Design Trends Singapore: Skip the Fads, Invest in These 5 Looks
Welding sparks trigger Sharjah warehouse fire; no injuries reported
News
Welding sparks trigger Sharjah warehouse fire; no injuries reported
Cost-of-living special payment: Singaporeans to get up to $600, up from $400 announced in Budget 2026
Lifestyle
Cost-of-living special payment: Singaporeans to get up to $600, up from $400 announced in Budget 2026
Is This KL’s Best Lei Cha? We Taste-Tested the Top-Rated Bowl
Food Info
Is This KL’s Best Lei Cha? We Taste-Tested the Top-Rated Bowl
UAE Summer Survival Guide: Best Hours to Go Outdoors and Avoid Extreme Heat
Lifestyle
UAE Summer Survival Guide: Best Hours to Go Outdoors and Avoid Extreme Heat
Resignation of FIGC President Gabriele Gravina Following Italy's World Cup Failure
Sports
Resignation of FIGC President Gabriele Gravina Following Italy's World Cup Failure
Arafah day, Eid Al Adha to give UAE residents longest public holiday in 2026
News
Arafah day, Eid Al Adha to give UAE residents longest public holiday in 2026
UAE traffic: How 4 new plans will ease congestion on your daily commute
News
UAE traffic: How 4 new plans will ease congestion on your daily commute
Struggling to Sleep? ‘Sleepmaxxing’ Trend Gains Popularity Across the UAE
Healthy
Struggling to Sleep? ‘Sleepmaxxing’ Trend Gains Popularity Across the UAE
The best dining deals you can enjoy right now in Dubai
Lifestyle
The best dining deals you can enjoy right now in Dubai
UAE Airlines Expand Global Connectivity Amid Ceasefire
Business
UAE Airlines Expand Global Connectivity Amid Ceasefire
Do we really need $1m to raise children in Singapore?
News
Do we really need $1m to raise children in Singapore?
7 Must-Have Sunglasses Trends Taking Over UAE Summer Fashion in 2026
Fashion
7 Must-Have Sunglasses Trends Taking Over UAE Summer Fashion in 2026
Gary Woodland's Remarkable Comeback: A Triumph Beyond Trophies
Sports
Gary Woodland's Remarkable Comeback: A Triumph Beyond Trophies
How to Make Vegetables More Delicious? Experts Share the Easiest Cooking Tip
Food Info
How to Make Vegetables More Delicious? Experts Share the Easiest Cooking Tip
Changi Airport to Unveil New Private Terminal and Lifestyle Hub by Mid-2027
Travel
Changi Airport to Unveil New Private Terminal and Lifestyle Hub by Mid-2027
UAE Ministry of Economy and Tourism Takes Action Against Poultry Market Monopolization
Main
UAE Ministry of Economy and Tourism Takes Action Against Poultry Market Monopolization
Remembering Javed Miandad's Iconic Six: The 40th Anniversary of the 1986 Austral-Asia Cup Final
Sports
Remembering Javed Miandad's Iconic Six: The 40th Anniversary of the 1986 Austral-Asia Cup Final

Advertisement