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Gold

For millennia, gold has held a unique place in human history, cherished not only as one of the earliest known precious metals but also as a universal currency, a prized commodity, a dependable investment, and a symbol of enduring beauty.

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Bullion Bar

Secure the purest form of gold.

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Value Added Investment Bars

A smart strategy for diversifying your investment portfolio.

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Gold Coins

Acquire the purest gold coins available.

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Global Scenario

  • London stands as the leading global clearing house for gold transactions.
  • Dubai operates under the UAE's liberalized gold regime.
  • New York is the hub for gold futures trading.
  • Zurich serves as a key center for physical gold transactions.
  • Istanbul, Dubai, Singapore, and Hong Kong act as gateways to major gold-consuming regions.
  • Tokyo, with TOCOM, influences the gold market dynamics in Japan.

Factors Influencing the Market

  • Gold demand surged to a decade-high of 3,812.2 tonnes, valued at $150 billion, due to several key factors:
  • Supply from above-ground sources, including central bank sales, reclaimed scrap, and official gold loans
  • Hedging activities by producers and miners
  • Global macroeconomic influences such as fluctuations in the US Dollar, interest rates, and major economic events
  • Commodity-specific developments, including new production facilities, unexpected mine or plant closures, and industry restructuring, which impact metal prices
  • In the UAE, gold demand is significantly affected by price levels and market volatility

Major Characteristics

  1. Gold (symbol: XAU) functions mainly as a financial asset and secondarily as a commodity.
  2. It is the world’s most ancient form of international currency.
  3. A significant portion of global monetary reserves consists of gold.
  4. Investment-wise, over two-thirds of gold’s total holdings are held by central banks, private investors, and in high-karat jewelry.
  5. Less than one-third of gold is used as a commodity in jewelry and industrial applications, particularly in Western markets.

Demand and Supply Overview

  • Gold demand hit a decade-high of 3,812.2 tonnes, valued at $150 billion, due to:
    • Significant growth in jewelry consumption
    • The resurgence of the UAE market
    • A notable shift in the official sector, with central banks becoming net purchasers of gold for the first time in 21 years

Purity

  • Gold purity is assessed using karats and fineness:
  • Karat: Pure gold is classified as 24 karat.
  • New York is the hub for gold futures trading.
  • Fineness: This is measured in parts per thousand. For example, 18 karat gold equals 18 out of 24 parts, resulting in a fineness of 750.

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