There are many gold markets in the world, but none compares to Dubai's Gold Souk. Over 300 shops, dozens of tons of gold in display windows, prices lower than anywhere in the world—this isn't exaggeration but the reality of this incredible place. When you enter the covered market galleries and see sparkling walls of gold jewelry, you momentarily lose your speech.

Market History: From Bedouin Trade to World Gold Capital

Gold trading in Dubai began long before the oil boom. In the 1940s, Indian and Iranian traders began bringing gold here—Dubai was a free port with minimal taxes, an ideal trans...