Sky Jewellery Gold Rate Today in Dubai: 22K Price, History and Showrooms
Quick answer: Sky Jewellery prices its gold in the UAE from the same daily rate used by every Dubai jeweller, then adds a making charge for each design and 5% VAT. 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. The rate on a Sky showroom board usually sits 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 tracks the Sky Jewellery gold rate against the live market price, so you can read a showroom quote in Deira or Karama with a clear reference point. The table above shows today’s 24K, 22K, 21K and 18K prices per gram, updated through the day.
Sky Jewellery is one of the older Indian owned jewellery groups in the Gulf. Its story starts in Qatar in 1978 and reaches Dubai’s Gold Souk ten years later.
How Did Sky Jewellery Start?
Founder Babu John started the business in Qatar in 1978 with four craftsmen and 500 grams of gold, on an investment of about AED 30,000. In 1988 he opened the first Sky Jewellery store in the Deira Gold Souk in Dubai.
Stores in Karama and Sharjah followed. Gulf News has reported that the group grew to more than 20 showrooms across the UAE, India and other Gulf countries.
| Year | Milestone |
|---|---|
| 1978 | Business founded in Qatar |
| 1988 | First Dubai store opens in the Deira Gold Souk |
| Later years | Showrooms added in Karama, Sharjah and Qatar |
The group also runs a separate diamond boutique brand called Skyze. Its business interests outside jewellery include hospitality and real estate in India.
How Is the Gold Price Set at Sky Jewellery?
Like other UAE jewellers, Sky uses the retail rate for each karat that Dubai jewellers follow each day. That rate moves with the international gold price and the US dollar, which the dirham is pegged to.
Your bill has four parts. The table shows what each part covers.
| Part of the bill | What it covers |
|---|---|
| Gold value | Weight × the day’s rate for the karat |
| Making charge | Craftsmanship, quoted per gram or as a total |
| Stones | Diamonds or gems, priced separately |
| VAT | 5% on gold jewellery in the UAE |
Investment bars and coins of at least 99% purity are zero rated for VAT. Jewellery carries 5% on both the gold and the making charge.
Where Are Sky Jewellery Stores in Dubai?
Sky’s first store was in the Deira Gold Souk, close to Gold Souq metro station on the Green Line. The brand has also traded in Karama and Meena Bazaar, the two main areas for South Asian jewellery in Bur Dubai.
Store lists change over time, so check the brand’s own channels for the current address and hours. Most gold shops in these areas open from mid morning until late evening, with shorter hours on Friday before prayers.
Sky Jewellery in Qatar
Many people search for the Sky gold rate in Qatar as well as Dubai, because the brand began in Doha. Qatar jewellers follow their own daily rate in riyals, which tracks the same world gold price.
Our gold price in Qatar page shows today’s riyal rate per gram. Qatar does not charge VAT, so a Qatar bill has no tax line.
Reading a Showroom Quote Step by Step
1. Find the weight and karat on the tag or invoice.
2. Multiply the weight by today’s rate from the live table on this page.
3. Subtract that from the price before VAT to see the making charge and stones.
4. Check that VAT is 5% of the gold and making charge together.
Our gold price calculator for Dubai handles the first two steps. The guide to gold making charges in the UAE explains how charges are set.
A Worked Example: 22K Chain
Take a 15 gram 22K chain at an illustrative rate of AED 470 per gram, with a making charge of AED 15 per gram. The gold is worth AED 7,050 and the making charge is AED 225.
The subtotal is AED 7,275. Adding 5% VAT gives a total of AED 7,638.75.
| Line | Amount |
|---|---|
| Gold, 15 g × AED 470 | AED 7,050 |
| Making charge, 15 g × AED 15 | AED 225 |
| VAT at 5% | AED 363.75 |
| Total | AED 7,638.75 |
Replace AED 470 with today’s live 22K price above for a current figure. The 22K gold rate in UAE page shows the value of common weights such as 8 grams and 1 tola.
Is Sky’s Gold Rate Different From Other Shops?
The gold rate itself is the same across Dubai on any given day. Two shops can still quote different totals for similar pieces, because making charges and stone prices differ.
In the Gold Souk, shops compete side by side, and many will discuss the making charge. Our Gold Souk vs Meena Bazaar vs malls guide explains how the three areas differ.
Frequently Asked Questions
When did Sky Jewellery open in Dubai?
Sky opened its first Dubai store in the Deira Gold Souk in 1988. The business itself was founded in Qatar in 1978.
Who founded Sky Jewellery?
Babu John founded the business, starting with four craftsmen and 500 grams of gold in Qatar.
Does Sky Jewellery charge VAT in the UAE?
Yes. Gold jewellery in the UAE carries 5% VAT on the gold value and the making charge. Bars and coins of at least 99% purity are zero rated.
Is Sky’s 22K gold stamped 916?
22K gold is 91.6% pure, which is why it is stamped 916. Check the stamp on each piece and that the invoice shows the same karat.
Checking the Sky Jewellery Gold Rate Today
Compare the Sky Jewellery gold rate on the showroom board with the live market price on this page, and ask for the making charge per gram on the invoice. That gives you a clear, written breakdown of what you pay for.
This page gives market information only and is not financial advice. GoldRateUAE is independent and not affiliated with Sky Jewellery.
Sources: Gulf News interview with Babu John of Sky Jewellery and Gulf News on Sky Jewellery’s expansion.
