The Gold Rate in Dubai, UAE is often a cause for debate. The most common questions are:
Who sets the Gold Rate in the UAE?
Why is the Dubai Gold Rate different to the LBMA London Fix?
Dubai is known as the City of Gold and is a major retail and wholesale hub for precious metals markets dealing in bullion and in jewellery. The retail market is particularly strong with hundreds of dealers and merchants, operating most notably in the specialist Gold Souk.
By iGold. Published on 10th August 2022.
As a major air travel hub, Dubai has long been a melting pot of cultures and peoples from around the globe, linking the US and Europe with Africa and the Far East. Indeed, this was a major factor behind the decision to proceed with Dubai Expo 2020 later this year and the huge effort and cost that has been invested in the project. However, there is a shadow creeping towards this huge enterprise.
Coronavirus, or Covid – 19 as it has now been designated, could cast doubt over the success of our huge Expo project.
By iGold. Published on 19th February 2020.
‘Spot Prices’ are the live current global market prices for metals being bought and sold ‘for immediate payment and delivery’. Because these prices are being influenced by live transactions they will fluctuate constantly.
The price data on our website is a Spot price which updates every 5 seconds to ensure that you have the most up to date figures when deciding on the best time to buy or to sell precious metals.iGold. Published on 27th November 2019.
Even if you do not live in Dubai you may have seen recent advertisements for a huge event which will take place here in one year’s time, EXPO 2020 DUBAI UAE. The honour of hosting this event was conferred by the General Assembly of The Bureau International des Expositions in November 2013.
We residents have been aware for some six years that this event was happening and as the impressive developments begin to take shape and global advertising is starting to kick in, we are getting more excited at the idea of hosting exhibitors from 190 countries at the World’s Greatest Show.iGold. Published on 1st November 2019.
Abu Dhabi, Ajman, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain are the other six Emirates and Abu Dhabi acts as the capital of UAE.
Increasingly known throughout the world for luxurious shopping malls, stunning high-rise architecture and active nightlife, Dubai is also known as the ‘City of Gold’, reputedly trading in excess of 1,200 tonnes of the precious metal annually.iGold. Published on 31st October 2019.