Malabar Gold Buy Back Policy in the UAE: Exchange, Cash Buyback and Rates
Quick answer: Malabar Gold and Diamonds has said it gives 100% value at the prevailing rate when gold or diamonds bought from Malabar are exchanged for new jewellery. For cash, it has reported buying back diamonds at 90% of the prevailing price, and old gold is valued by its gold content at the day’s rate. At 00:32 UAE time on Monday, 19 October 2026, the world market price of 22K gold in the UAE is AED 450.93 per gram, AED 5,259.56 per tola and AED 4,509.30 for 10 grams, equal to US$122.79 per gram.
Gold Price in UAE Today (AED per gram)
| Karat | Purity | Per Gram (AED) | Per Tola (AED) | Per 10g (AED) | Use |
|---|---|---|---|---|---|
| 24K | 99.9% | 491.91 | 5,737.54 | 4,919.10 | Investment / Bars |
| 22K | 91.6% | 450.93 | 5,259.56 | 4,509.30 | Jewellery (most popular) |
| 21K | 87.5% | 430.42 | 5,020.33 | 4,304.20 | Traditional Jewellery |
| 20K | 83.3% | 409.91 | 4,781.11 | 4,099.10 | Jewellery |
| 18K | 75.0% | 368.93 | 4,303.13 | 3,689.30 | Designer / Affordable |
GoldRateUAE explains the Malabar gold buy back and exchange terms that the brand has made public, so customers know what to ask before visiting a showroom. The live table above shows today’s rate per gram, which is the base for any gold exchange value.
Terms can change and may differ by country and product. Always check the terms printed on your Malabar invoice and confirm them at the showroom.
Exchange and Buyback: What Is the Difference?
An exchange means trading old jewellery for new jewellery in the same store. A buyback means selling old jewellery back for cash.
| Option | What you get | What Malabar has reported |
|---|---|---|
| Exchange for new jewellery | Credit toward a new purchase | 100% value at the prevailing rate for gold or diamonds bought from Malabar |
| Cash buyback of diamonds | Cash | 90% of the prevailing price for diamonds |
| Old gold | Credit or cash | Valued on gold content at the day’s rate |
Gulf News reported these exchange and buyback figures in coverage of Malabar’s diamond price protection offer for UAE shoppers.
How Is Old Gold Valued?
The value of old gold depends on its weight and purity, tested in store. The jeweller multiplies the pure gold content by the day’s rate.
The making charge and VAT paid when you bought the piece are not part of the exchange or buyback value. Stones are valued separately under their own terms.
| Step | What happens |
|---|---|
| 1. Weigh | The piece is weighed in grams |
| 2. Test | Purity is checked, often with an XRF machine |
| 3. Value | Gold content × the day’s rate |
| 4. Offer | Credit for exchange or cash for buyback |
Malabar’s 15 Day Rule
Malabar’s published invoice terms, on its India website, say that after 15 days from purchase, the gold and platinum part of jewellery can be exchanged at the prevailing price. The same terms list 100% of the prevailing diamond price for diamond and precious gem jewellery on exchange.
UAE terms may differ, so check the terms printed on your UAE invoice. Your own invoice is the document that applies to your purchase.
Lifetime Maintenance
The Malabar Promise includes lifetime maintenance and repair of ornaments at its outlets. Malabar has said this covers its showrooms in 13 countries.
For customers who move between the UAE and India, ask the showroom how maintenance works across countries and keep the original invoice.
Documents to Bring
1. The original invoice, showing weight, karat and stones.
2. Diamond certificates, if the piece has certified stones.
3. Emirates ID or passport, which jewellers usually ask for when buying gold.
A Worked Example: Exchanging a 22K Chain
Say you bring a 10 gram 22K chain bought from Malabar for exchange. At an illustrative 22K rate of AED 470 per gram, its gold value is AED 4,700.
That amount is credited toward a new piece, whose price includes its own making charge and 5% VAT. Replace AED 470 with today’s live 22K rate above for a current figure.
Selling Gold Elsewhere
Many jewellers in Dubai buy old gold from any brand, based on weight, purity and the day’s rate. Our guide on how to sell gold in Dubai explains how testing and offers work.
The Malabar gold rate in Dubai page shows how Malabar’s rate compares with the live market price, and the gold price calculator for Dubai works out the gold value of any weight.
Malabar in Other GCC Countries
Malabar trades across the Gulf, and terms may differ by country. Our pages on the Malabar gold rate in Qatar and Malabar gold rate in Oman cover those markets.
How Purity Testing Works
Most UAE jewellers test purity with an XRF machine, which reads the metal content without damaging the piece. Some also use a touchstone and acid test for a second check.
Watch the test and ask for the result in writing. If the purity is lower than the stamp, the value will be based on the tested figure, and our guide on how to check gold purity explains UAE hallmarks.
Frequently Asked Questions
Does Malabar buy back gold in the UAE?
Malabar exchanges gold bought from it at the prevailing rate, and old gold is valued on its gold content at the day’s rate. Confirm the cash option and terms at the showroom.
Does Malabar refund the making charge on exchange?
Exchange value is based on the gold content and, for diamonds, the prevailing diamond price. The making charge paid at purchase is not part of it.
What does Malabar pay for diamonds in cash?
Gulf News reported that Malabar buys back diamonds for cash at 90% of the prevailing price.
Do I need the original invoice?
Bring it. The invoice shows the weight, karat and stones, and its printed terms apply to your purchase.
Checking the Malabar Gold Buy Back Terms
Before using the Malabar gold buy back or exchange option, read the terms on your invoice, check today’s gold rate on this page, and ask the showroom to show the weight, purity and rate in writing.
This page gives general information, not financial advice. Malabar sets and may change its own terms. GoldRateUAE is independent and not affiliated with Malabar Gold and Diamonds.
Sources: Gulf News on Malabar’s diamond price protection and Malabar invoice terms and conditions.
