Kanz Jewels Gold Rate Today: Gold Souk Prices, History and Showrooms
Quick answer: Kanz Jewels prices gold from the same daily retail rate used across Dubai, then adds a making charge for each design and 5% VAT on jewellery. At 12:30 UAE time on Wednesday, 4 November 2026, the world market price of 22K gold in the UAE is AED 436.01 per gram, AED 5,085.53 per tola and AED 4,360.10 for 10 grams, equal to US$118.72 per gram. Showroom board rates usually sit a few percent above this world market price.
Gold Price in UAE Today (AED per gram)
| Karat | Purity | Per Gram (AED) | Per Tola (AED) | Per 10g (AED) | Use |
|---|---|---|---|---|---|
| 24K | 99.9% | 475.63 | 5,547.65 | 4,756.30 | Investment / Bars |
| 22K | 91.6% | 436.01 | 5,085.53 | 4,360.10 | Jewellery (most popular) |
| 21K | 87.5% | 416.17 | 4,854.12 | 4,161.70 | Traditional Jewellery |
| 20K | 83.3% | 396.34 | 4,622.83 | 3,963.40 | Jewellery |
| 18K | 75.0% | 356.72 | 4,160.71 | 3,567.20 | Designer / Affordable |
GoldRateUAE compares the Kanz Jewels gold rate with the live market price, so a quote from a Gold Souk counter has a clear reference point. The table above shows today’s 24K, 22K, 21K and 18K prices per gram in dirhams.
Kanz is a family business with deep roots in Dubai’s gold trade. Most of its showrooms are in the Deira Gold Souk, which makes it one of the larger names inside the souk itself.
Who Owns Kanz Jewels?
Anil Dhanak started Kanz Jewels in 1991, after branching out from Manish Jewellers, a business he had run with his brothers since 1981. His father, Vajubhai Dhanak, a goldsmith from Gujarat, arrived in Dubai in 1958.
Anil was born in Dubai in 1964. He joined his uncle’s jewellery business, Golden Crown Jewellers, at sixteen, and three generations of the family now work in the company.
| Year | Milestone |
|---|---|
| 1958 | Vajubhai Dhanak, a Gujarati goldsmith, arrives in Dubai |
| 1981 | Manish Jewellers started by the Dhanak brothers |
| 1991 | Anil Dhanak founds Kanz Jewels |
| Today | Third generation active in the business |
Where Are Kanz Showrooms?
Gulf News has reported that Kanz runs 12 showrooms in Dubai, 10 of them in the Gold Souk in Deira. The brand is also listed among the stores at the Gold and Diamond Park on Sheikh Zayed Road.
The Gold Souk is a short walk from Gold Souq and Al Ras stations on the Dubai Metro Green Line. Most souk shops open from about 10 AM to 10 PM, with shorter hours on Fridays before prayers.
Gold Souk jewellers typically sell 22K and 21K gold jewellery alongside 18K diamond pieces. The 22K gold rate in UAE page shows the live value of common weights.
How Does Kanz Set Its Gold Price?
The gold rate for each karat follows the retail rate used across Dubai, which moves with the world gold price and the US dollar. The dirham is pegged to the dollar, so currency rarely changes the dirham price by much.
The bill then adds the making charge for the design, any stones, and 5% VAT on jewellery. Bars and coins of at least 99% purity are zero rated.
| Part of the bill | What it covers |
|---|---|
| Gold value | Weight × the day’s rate for the karat |
| Making charge | Craftsmanship, per gram or as a total |
| Stones | Diamonds or gems, priced separately |
| VAT | 5% on jewellery |
Services Kanz Offers
Kanz offers customisation, so customers can have a piece designed to their own idea. The brand also provides lifetime cleaning on its jewellery, according to Gulf News.
Ask the showroom for the terms of any service in writing. Exchange, buyback and repair terms differ between jewellers and can change.
Reading a Kanz Quote in Four Steps
1. Note the karat and weight on the tag.
2. Multiply the weight by today’s rate for that karat from the live table.
3. Subtract that from the pre VAT price to find the making charge and stones.
4. Check the VAT line is 5% of the gold and making charge.
The gold price calculator for Dubai does the first two steps for any weight. Our guide to gold making charges in the UAE explains why charges differ between designs.
A Worked Example: 21K Bangle
Take a 20 gram 21K bangle at an illustrative rate of AED 450 per gram, with a making charge of AED 10 per gram. The gold is worth AED 9,000 and the making charge is AED 200.
The subtotal is AED 9,200, and 5% VAT brings it to AED 9,660. With today’s live 21K price in place of AED 450, the same steps give a current figure.
| Line | Amount |
|---|---|
| Gold, 20 g × AED 450 | AED 9,000 |
| Making charge, 20 g × AED 10 | AED 200 |
| VAT at 5% | AED 460 |
| Total | AED 9,660 |
Gold Souk Prices Compared With Malls
The gold rate is the same in the souk and in malls on any given day. Totals differ because of the making charge, which is often open to discussion in the souk and fixed in many mall stores.
Our Gold Souk vs Meena Bazaar vs malls guide sets out how the three shopping areas compare.
Kanz Jewels and Festival Season
Gold Souk jewellers, including Kanz, are busiest around Diwali, Dhanteras, Eid and the Dubai Shopping Festival. Gulf News has covered Kanz Diwali campaigns, and offers at these times often focus on making charges or gifts.
Offer terms change each season. The gold rate on your bill still follows the day’s market level.
Frequently Asked Questions
When was Kanz Jewels founded?
Anil Dhanak founded Kanz Jewels in 1991. His family has been in Dubai’s gold trade since his father arrived in 1958.
How many Kanz showrooms are in the Gold Souk?
Gulf News reported 12 Kanz showrooms in Dubai, with 10 of them in the Gold Souk in Deira.
Does Kanz Jewels make custom jewellery?
Yes, Kanz offers customisation so customers can have their own designs made. Ask the showroom about timings and the making charge for a custom piece.
Is the gold rate at Kanz the same as other souk shops?
The daily gold rate per karat is the same across Dubai. The total price differs by making charge, stones and design.
Checking the Kanz Jewels Gold Rate Today
Compare the Kanz Jewels gold rate on the board with the live market price on this page, and ask for the making charge per gram in writing. The invoice should show weight, karat, rate and VAT on separate lines.
This page gives market information only and is not financial advice. GoldRateUAE is independent and not affiliated with Kanz Jewels.
Sources: Gulf News on Anil Dhanak and Kanz Jewels and Dubai Online guide to Gold and Diamond Park.
