The World Gold Council (WGC) and the Dubai Multi Commodities Centre (DMCC) have decided to work together to address the current challenges presented by the illegal trade of hand-carried gold in Dubai, which jeopardise the “integrity of the global gold market-” said Andrew Naylor, Global Head of Public Policy at the WGC.
By iGold. Published on 13th December 2023.
In an ever-changing economic landscape, investors are constantly seeking reliable avenues to preserve and grow their wealth. One asset that has stood the test of time is to buy gold. Renowned for its enduring value, gold has historically served as a hedge against inflation and economic uncertainties. In this article, we will explore the relationship between the gold price and inflation, with a specific focus on Dubai's gold market.
By iGold. Published on 25th September 2023.
Dubai is known as the City of Gold. One of the most thriving gold trading hubs in the world, and attracts attention from investors, as well as individuals looking to purchase high-quality, beautiful gold jewellery.
By iGold. Published on 10th May 2023.
Dubai is nicknamed the City of Gold due to its thriving gold trading industry and its growing reputation as one of the major players in the global gold market.
By iGold. Published on 17th April 2023.
Gold has been a valuable commodity for thousands of years, prized for its beauty and rarity. But what makes gold so valuable? The answer lies in its purity, or the amount of gold content in an item. Understanding gold purity and its value is essential for anyone interested in buying or selling gold. In this article, we'll explore the concept of gold purity, how it's measured, and its impact on the value of gold.
By iGold. Published on 24th March 2023.
Dubai is now one of the largest and most important gold trading hubs in the world. In this guide, we’ll explore the meteoric rise of gold trading in the UAE and discuss the significance of Dubai as a major player in the global gold trade.
By iGold. Published on 3rd March 2023.
Gold is one of the oldest commodities bought and sold by investors but it remains one of the most popular, particularly during turbulent or unpredictable times and economic downturns.
By iGold. Published on 26th January 2023.
The Dubai Gold Souk is a great place to buy gold. You’ll find the market in the Old Town, some distance from the Mall of Emirates. Dozens of vendors and stalls showcase spectacular gold jewellery here, all priced accordingly.
By iGold. Published on 21st December 2022.
If your gold purchase is for investment purposes, it makes sense to buy your metal at the lowest price per gram that is available. This is where cast gold bars have the advantage as it is cheaper for manufacturers to produce a cast bar than to produce a minted bar.
By iGold. Published on 26th October 2022.
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.iGold. Published on 19th February 2020.
Following recent political events in our region, we thought we would try to find a happier subject to discuss with our valued customers.
The Chinese Lunar Calendar has twelve characters that each represents one year in a twelve year cycle.
The Rat, Ox, Tiger, Rabbit, Dragon, Snake, Horse, Sheep, Monkey, Rooster, Dog and Pig each reputedly confer characteristics and attributes to people born in that character’s year.iGold. Published on 17th January 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.