Below is a list of questions which we are most commonly asked. If there is anything we have not answered below, please get in touch and we will be happy to help.
Investment gold is gold of a purity not less than 995 thousandths that is in the form of a bar, or a wafer, of a weight accepted by the bullion markets or a gold coin minted after the year 1800 of a purity not less than 900 thousandths and has been or is classed as legal tender in its country of origin. The gold metal content in Investment gold bars or coins are not subject to VAT or any other Tax in the U.A.E., but the small manufacturing or fashion charges associated with the production of minted bars, wafers or bullion coins is subject to VAT at 5%. We are obliged to collect this small VAT charge from our customers on behalf of Dubai customs authorities.
Yes, if you would like to sell your bullion, please get in touch and we will guide you through the process which is quick, easy and secure.
You can also sell most forms of unwanted gold, platinum or silver jewellery through our sister company at sellgold.ae at the most competitive rates in the U.A.E.
The difference between different gold bar manufacturers lies in several factors, including:
As we are not financially regulated, we cannot advise on when you should purchase or even sell. Bullion dealers are not required to be regulated by the U.A.E. Authorities. If you are planning to invest a large amount of funds, we always advise our customers to consult with a financial advisor to determine what investment is best suited for your financial goals and risk tolerance.
Gold coins and gold bars are both forms of investment in physical gold or silver, but there are a few differences between them.
Gold coins are typically smaller and are minted by government or private entities. They often carry a premium over the actual value of the gold because of their historical or collectible value, which may increase their cost. Gold coins are often used for numismatic collection or as legal tender bullions.
On the other hand, gold bars are larger and are usually produced by refiners. They are generally composed of pure gold with a uniform shape and size, making them easier to store and transport. Generally, gold bars have lower premiums over the actual value of gold because they do not have the same historical or collectible value.
Overall, the cost of gold coins will depend on factors such as rarity, age, condition, and historical significance, which can increase their value beyond the actual value of the gold they contain.
Gold can provide a stabilizing effect on investment portfolios in times of economic uncertainty and has long been used by investors as a way of protecting wealth..
In addition to being one of the UAE's largest Scrap Gold Buyers we also offer market leading Buy Back rates for Gold and Silver Bullion products.
The lowest of premiums on the World Renowned iconic brands that you know and love. Beautiful products from PAMP, Emirates Gold, The Perth Mint, The Royal Mint and more.