The new decision, which supersedes the UAE Cabinet Decision No. (25) of 2018, now covers gold, silver, palladium, platinum, natural and manufactured diamonds, pearls, rubies, sapphires, and emeralds
precious metal
Latest in precious metal
Gold
Hubpay ventures into precious metals, linking UAE businesses with key gold markets
The firm said the move follows it recognizing the growing demand for reliable precious metals trading, particularly in Africa
Bullion Market
Gold prices surge to all-time high on Friday as rate cut, US election uncertainties drive investors to the safe haven asset
The current rally in gold prices comes close on the heels of gold emerging as the standout asset in Q3, 2024, appreciating by a whopping 13.8%
Bullion Market
UAE gold prices: Is it the right time to buy? Experts weigh in
Despite recent market volatility, gold remains a sought-after safe haven asset as experts weigh its potential in a turbulent economic landscape
gold investment
Gold prices move up as rising Fed rate cut expectations boost appeal
Spot gold rose 0.1 percent at $2,388.10 per ounce in morning trading hours on Thursday
gold prices
Gold prices hit fresh lifetime high on dovish Fed commentary
Spot gold rose 0.7% to $2,201.94 an ounce in early trading hours on Thursday in Singapore
astra tech
Astra Tech forges alliance with SAM Precious Metals and O-Gold to offer digital gold management platform
The collaboration is expected to offer unprecedented investment opportunities within the commodities market
gold investment
Gold price spikes on hopes of Fed rate cuts
Analysts expect an uptick in investment demand for gold as investors broadly expect the Federal Reserve to have finished tightening monetary policy this year
Bullion Market
Jewellers getting more inquiries for gold after India withdraws Rs 2,000 notes
The surge in enquiries is seen pushing up gold prices in India to about $797 per 10 gms, as some jewellers have starting charging a 5-10 percent premium for purchases in exchange for the high value notes
Gold
India’s gold imports could be hit due to anticipated price rally denting retail demand
The UAE is the second largest exporter of gold to India, after Switzerland
Gold
2023 is already showing us why gold will reign
Global economic uncertaintiy is positivity for gold
Dubai Central Laboratory
Dubai reveals new gold testing centre at Gold Souk
Precious metal testing services will be provided as part of a MoU signed between Dubai Municipality and Dubai Gold and Jewellery Group
bilateral cooperation
UAE-India gold trade could take hit following import duty hike, analysts say
The move could have implications for UAE-India gold trade despite the duty safeguards under the recently signed bilateral economic partnership agreement
gold imports
UAE to benefit as India’s gold imports in Q4 set for major surge
Gold imports by India saw a whopping 750 percent jump in September to $5.1 billion from a relatively meagre $601 million in September 2020
Bullion Exchange
India’s proposed import gold exchange regulation plan faces scepticism from traders, experts
The move on the international bullion exchange by the South Asian country will have a major bearing on the UAE, which is India’s major trade partner for the yellow metal – for both exports and imports
Gold demand
India’s coronavirus outbreak nearly halts country’s gold jewellery production
An expert says the decrease in production will have an impact on India’s jewellery exports to the UAE, which is the largest export market for India’s gold products
Blockchain
Dubai free zone inks deal for region’s largest precious metals refinery
Dubai Multi Commodities Centre says refinery and storage facility will be the first in the GCC to be enabled by blockchain