Shopping in Bali is simply awesome, particularly in Ubud and it's many surrounding villages. Here you can find almost anything, from beautiful crafted jewellery to handicrafts and many beautiful items for your home. There are many good shops in central Ubud, however, you are better to get out of the main touristic centre, where prices are considerably higher, and head towards one on the many local villages. To name a few, Sukawati art market is one of my favourites. It is reputed to be the oldest art market in Ubud, Most of the store owners are local craftsmen and artist, and you can buy many beautiful items for great prices, just remember to brush up on your bartering skills. For clothes shopping, head to the Jalan Raya, it stretches for about 2kms in central Ubud, prices are slightly higher, but there are a great choice of contemporary and traditional clothes including some local and international designer brands. Celuk village is another great address for silver and gold shopping. Shops line both sides of the streets, with the occasional gallery and workshop displaying their various forms of art. the blend of quirkiness and ethnicity has made the jewellery items in this village world famous.
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