Silver Price Today in UAE - Live Sterling & Fine Silver Rates (November 2025)

The current silver price in the United Arab Emirates stands at AED 5.56 per gram for Sterling silver (92.5%) and AED 6.01 per gram for Fine silver (99.9%) as of November 19, 2025. Silver prices in the UAE are updated hourly based on international spot prices from the London Bullion Market Association (LBMA) and reflect the competitive Dubai Gold Souk market rates. Whether you're buying sterling silver jewelry from the traditional souks, investing in fine silver bullion, or purchasing silver gifts, understanding today's silver rates across UAE emirates is essential for making informed financial decisions.

This comprehensive guide provides live silver prices for major UAE cities including Dubai, Abu Dhabi, Sharjah, and Ajman, explains VAT implications, and offers insights into factors affecting silver rates today. We'll also help you understand the difference between Sterling (92.5%), Fine (99.9%), and Coin silver (90%) and provide practical tips on navigating the Dubai Gold Souk for the best silver deals.

Live Silver Rates in UAE Today

Silver prices remain consistent across all UAE emirates with no state-level taxes or duties. The Dubai Gold Souk sets the benchmark for the entire GCC region:

Note: Silver prices are updated hourly based on LBMA London rates. The UAE has 0% import duty on silver and 5% VAT on jewelry. For live prices with our FREE Silver Calculator, visit our Silver Price Tool.

Silver Prices Across UAE Cities

All UAE emirates follow the same silver pricing with minor variations (AED 0.10-0.20 per gram) due to individual shop margins:

Dubai Gold Souk Advantage: The largest concentration of silver dealers in the GCC is in Dubai's Gold Souk (Deira). Over 380 retailers compete for business, resulting in the best prices and widest selection in the UAE. Haggling is expected and can reduce making charges by 10-20%.

Understanding Sterling, Fine, and Coin Silver Purity

The UAE silver market caters to both traditional Middle Eastern buyers and international expats, offering all purity grades:

Sterling Silver (92.5% Pure) - Most Popular for Jewelry

Current Price: AED 5.56 per gram
Purity: 92.5% silver + 7.5% copper
Common Uses: Jewelry, decorative items, branded pieces (Tiffany, Pandora), gifts
Characteristics: International standard for silver jewelry. Marked with "925" stamp. Perfect balance of purity and durability. Popular among expatriate buyers for Western-style jewelry.

Fine Silver (99.9% Pure) - Investment Grade

Current Price: AED 6.01 per gram
Purity: 99.9% pure silver
Common Uses: Investment bars, coins (PAMP Suisse, Argor-Heraeus), bullion storage
Characteristics: Highest purity and maximum resale value. Stored in UAE free zone vaults (zero VAT on bullion). Preferred by investors and wealth preservation buyers. Hallmarked "999" or ".999".

Coin Silver (90% Pure)

Current Price: AED 5.41 per gram
Purity: 90% silver + 10% other metals
Common Uses: Traditional Middle Eastern silverware, antique pieces, some jewelry
Characteristics: Less common in modern UAE market. Sometimes found in traditional Bedouin jewelry and heritage pieces.

Price Comparison Per Tola (11.66g - traditional GCC weight unit):

• Fine Silver (99.9%): AED 70.08 per tola
• Sterling Silver (92.5%): AED 64.83 per tola
• Coin Silver (90%): AED 63.08 per tola

Silver Price Movement in UAE - Last 7 Days

Silver prices in the UAE closely track international LBMA rates with minimal local variation:

Weekly Analysis: Silver prices have shown moderate stability with the weekly average at AED 6.01 per gram for Fine silver and AED 5.56 for Sterling. The AED-USD peg (1 USD = 3.67 AED) ensures price stability compared to other markets.

Why Silver Prices Change Daily in the UAE

Despite the UAE's fixed AED-USD exchange rate, silver prices fluctuate due to international factors:

Key Factors Affecting UAE Silver Prices

1. LBMA London Spot Price (Primary Driver)
The London Bullion Market Association sets global silver benchmarks. UAE dealers import silver at LBMA spot + transport + insurance, then add their margin. Currently, international silver trades at $31-32 per troy ounce.

2. COMEX Silver Futures
New York COMEX exchange influences global silver trading. UAE bullion dealers monitor COMEX for price discovery, especially for large institutional orders.

3. Dubai Gold and Commodities Exchange (DGCX)
Local exchange offers silver futures contracts. DGCX prices influence regional physical market, particularly for GCC buyers. Growing importance as Middle East trading hub.

4. Regional Demand Patterns

• Wedding Season (November-March): High demand from Indian/Pakistani expat communities
• Eid Celebrations: Silver gifting traditions boost demand during Eid al-Fitr and Eid al-Adha
• Tourism Peaks (November-April): International tourists buying from Gold Souk
• Expat Salary Cycles: Month-end spikes when salaries are credited

5. VAT and Tax Policies
UAE levies 5% VAT on silver jewelry but 0% on investment-grade bullion stored in designated free zones. This creates price differentiation between jewelry and investment silver.

Total Cost of Buying Silver Jewelry in UAE

When purchasing silver jewelry in the UAE, here's the complete cost breakdown:

Understanding UAE Silver Jewelry Pricing

1. Making Charges (AED 2-8 per gram)
UAE making charges are generally lower than many international markets:

• Simple chains/bangles: AED 2-3/gram
• Medium designs: AED 3-5/gram
• Intricate/branded: AED 6-8/gram

2. Wastage Charges
Unlike India, UAE jewelers typically include wastage in making charges rather than as a separate line item. Always clarify before purchase.

3. VAT (Value Added Tax)

• 5% VAT on all silver jewelry purchases (mandatory)
• 0% VAT on investment-grade bullion (999 purity bars/coins stored in DMCC or other free zones)
• Tourists can claim VAT refund at airport departure (Planet app/Tax Free kiosks)

Silver Investment Options in the UAE

The UAE offers unique silver investment opportunities with tax-free advantages:

1. Physical Silver Bullion (Tax-Free in Free Zones)

999 Silver Bars (PAMP Suisse, Argor-Heraeus)
Price: AED 6.01/gram + AED 0.20-0.50/gram premium
Sizes: 100g, 250g, 500g, 1kg
Storage: DMCC Vault, Dubai Commodities Vault
VAT: 0% if stored in free zone (never leave the zone)
Pros: Zero VAT, secure storage, high liquidity, international recognition
Cons: Storage fees (0.5-1% annually), minimum investment (usually 1kg)
Best For: Serious investors, tax-efficient wealth storage

Silver Coins (Eagles, Maple Leafs, Kangaroos)
Price: AED 6.01/gram + AED 1-2 premium per coin
VAT: 5% (considered collectibles, not investment bullion)
Pros: Divisible, portable, globally recognized
Cons: Higher premium per gram, 5% VAT applies
Best For: Small investors, gift purposes

2. DGCX Silver Futures

Dubai Gold & Commodities Exchange (DGCX)
Contract Size: 5,000 troy ounces per lot
Margin: Approximately AED 15,000-20,000 per lot
Leverage: Control AED 110,000 silver with AED 18,000 margin
Pros: Regional trading hours (10 AM - 2 AM GST), Sharia-compliant options, cash settlement
Cons: High minimum contract size, mark-to-market risk, requires active trading
Best For: Professional traders, hedging purposes

3. Silver ETFs (Through International Brokers)

Available Silver ETFs for UAE Investors:

• iShares Silver Trust (SLV): US-listed, 0.50% expense ratio
• Xtrackers Physical Silver ETC: European-listed, 0.40% expense ratio
• WisdomTree Physical Silver: London-listed, 0.49% expense ratio

Access Via: Interactive Brokers, Saxo Bank UAE, Swissquote
Pros: Easy buy/sell, no storage hassles, global market access
Cons: Requires international brokerage account, currency exchange fees
Tax: No capital gains tax in UAE (major advantage)

4. Bank Silver Certificates

Emirates NBD Silver Certificate Program
Minimum: 100 grams
Price: Daily rate + 2-3% premium
Pros: Bank-backed security, easy liquidation, no physical storage
Cons: Higher premium than physical, buy-sell spread
Best For: Conservative investors preferring bank relationships

Is Today a Good Day to Buy Silver in UAE?

Current Market Assessment (November 19, 2025):

Price Trend: Marginally increasing (+0.09%)
Weekly Position: At weekly average
AED Advantage: Stable currency reduces volatility vs other markets
Tourist Season: High (peak buying season, competitive pricing)
Recommendation: FAVORABLE - Strong competition in Gold Souk creates buyer-friendly environment.

Best Times to Buy Silver in UAE

1. Tourist Peak Season (November-March) - Maximum competition among dealers drives prices down
2. During Dubai Shopping Festival (DSF) - Special promotions and waived making charges
3. Mid-Week Days (Tuesday-Thursday) - Less crowded, better negotiation leverage
4. Summer Months (June-August) - Slower tourism period, dealers more willing to negotiate
5. When AED 5.50-5.70 per gram (Fine Silver) - Historical support levels

Dubai Gold Souk Silver Buying Guide

Location: Sikkat Al Khail Street, Deira, Dubai
Operating Hours: 9 AM - 1 PM, 4 PM - 10 PM (Saturday to Thursday)
Number of Shops: 380+ jewelry and precious metals retailers

Negotiation Tips for Dubai Gold Souk

1. Visit Multiple Shops: Get at least 3-4 quotes before committing. Show competing quotes to negotiate.
2. Understand Components: Silver price is non-negotiable (tied to LBMA), but making charges are highly negotiable (10-20% reduction possible).
3. Cash Discounts: Paying cash (vs card) can save 2-3% in transaction fees.
4. Buy in Volume: Purchasing 200g+ can reduce making charges significantly.
5. Ask for Certificate: Insist on purity certificate and official invoice for warranty and VAT refund purposes.
6. Avoid Tourist Traps: Shops on main street charge more. Explore inner lanes for better prices.

Top Trusted Silver Dealers in UAE

1. Damas Jewellery
Locations: Dubai Mall, Gold Souk, Abu Dhabi
Making Charges: AED 4-6/gram (fixed pricing)
Reputation: Established 1907, trusted regional brand

2. Pure Gold Jewellers
Locations: Mall of Emirates, various UAE locations
Making Charges: AED 3-5/gram
Special: Frequent promotions, buyback guarantee

3. Kalyan Jewellers
Locations: Dubai, Abu Dhabi, Sharjah
Making Charges: AED 4-7/gram
Reputation: Popular with South Asian expat community

4. Dubai Multi Commodities Centre (DMCC) Vault
For Investment Bullion
Premium: Lowest in UAE (AED 0.20-0.40/gram)
Minimum: 1 kg
Special: Zero VAT, secure storage, easy resale

VAT Refund for Tourists

Eligibility: Tourists visiting UAE (not UAE residents)
Minimum Purchase: AED 250 per store
Refund Rate: 85% of 5% VAT (4.25% effective refund)
Process:

1. Request Tax Free invoice at point of purchase
2. Download Planet app or use Tax Free kiosks at airport
3. Get customs stamp before check-in
4. Collect refund at airport after security (cash/card/bank transfer)

Conclusion: Silver Investment in UAE

The UAE offers exceptional advantages for silver investment and purchase at current prices of AED 5.56/gram (Sterling) and AED 6.01/gram (Fine):

• Zero Capital Gains Tax: Tax-free profits on all silver investments
• Free Zone Advantage: 0% VAT on bullion stored in DMCC or other free zones
• Competitive Pricing: Gold Souk competition ensures best prices in GCC region
• Currency Stability: AED-USD peg reduces exchange rate volatility
• Strategic Location: Easy import/export connectivity for global investors

Recommended Strategy: Investment-focused buyers should use DMCC vault storage (zero VAT). Jewelry buyers should visit Gold Souk during weekdays for best negotiation opportunities.

For real-time silver prices, Dubai Gold Souk rates, and VAT calculators, visit MarketsHost Silver Price Tracker. Updated hourly with LBMA international rates.