Emirates Mints & Refineries

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Category: UAE Gold Refineries and Mints

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United Arab Emirates Gold Refiners

With the growing importance of Dubai as a global center for precious metals trade, there has been a dramatic increase in both the number and the scale of UAE gold refineries.

Following the creation of the Dubai Gold and Commodities Exchange (DGCX) and subsequent Dubai Good Delivery (DGD) Standard for bullion traded on the DGCX, growth in local gold refining grew exponentially as newly accredited refineries satisfied demand for the DGD 995 fine 1kg bars.

Dubai Good Delivery accreditation shows strict adherence to best practices in the gold refining industry and shows UAE Gold Refineries to be of a similar standard to those subscribing to other international gold accreditation schemes such as that of the LBMA.

In 2016 there are 14 DGD members including PAMP, Argor-Heraeus, Perth Mint, Rand Refinery, The Perth Mint, Heraeus, Emirates Gold and the Istanbul Gold Refinery (IGR). Current accredited suppliers are listed on the DGCX website as “approved brands” – with more detail being available via a downloadable PDF at the DMCC website.

bullion dealer of the year 2017