The Dark Side of Gifting Gold This Christmas ...Middle East

Gifting gold at Christmas has been a thing since the very first. And there are few better places to buy it than Dubai’s Gold Souk, which is reputed to be the largest and cheapest gold market in the world. Bargain-hunters have flocked here since before the United Arab Emirates (UAE) was even a country. Back in the early 1900s, merchants from India and Iran began hawking gems and precious metals close to the twisting waterway known as Dubai Creek. Today, more than 500 stores line the Gold Souk’s narrow alleys, crammed with pearls, platinum rings, silver earrings, and diamond-encrusted necklaces—as well its namesake precious metal, which can be bought as jewelry, coins, or biscuits.

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