Gold
Our gold services
Setting the gold standard
DMCC serves the entire gold value chain, from research and refining to trading and investing. Until a decade or so ago, Dubai’s nickname as the City of Gold was due to its historic Gold Souk. But since DMCC began investing in world-class infrastructure and services, the volume of gold traded in Dubai has been rising. It now accounts for around 25% of global trade, most of it within our Free Zone.
No other gold centre in the world offers such a complementary industry cluster effect. Innovations include: the Dubai Gold and Commodities Exchange (DGCX), DMCC Tradeflow, a trade finance product; regional gold options trading; a Shariah-compliant hedge fund product; and formerly the Dubai Good Delivery Standard, the only international standard for 1kg gold bars of .995 purity.
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UAE Good Delivery
Responsible sourcing and ethical standards
Responsible sourcing
UAE Good Delivery (UAEGD) is committed that the gold traded is responsibly sourced, and continuously look to adopt the latest international standards in risk-based due diligence and responsible supply chain management.
Statement on gold
Clarifying DMCC's role in the global and local gold industry
DMCC’s role in the global and local gold industry
DMCC is a business district and ecosystem for companies to operate and trade with confidence. This includes facilities and services tailored to those operating in the precious metals industry.
DMCC is not involved in the regulation of the gold industry in Dubai or the UAE, including the import, refinement, and (re-)export of gold.
All regulation is carried out at a federal level by the Ministry of Economy.
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Latest gold news
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Gold in numbers
See the latest gold statistics
Table 1.1. Import of Gold
Volume in metric tons and values in USD (billions)
| Year | Volume | Value |
| 2012 | 937 | 45.2 |
| 2013 | 1,103 | 46.2 |
| 2014 | 959 | 35.9 |
| 2015 | 794 | 27.2 |
| 2016 | 941 | 34.1 |
| 2017 | 934 | 34.1 |
| 2018 | 1,157 | 41.4 |
| 2019 | 1,106 | 42.8 |
Source: Dubai Customs
The data has not been validated
Table 1.2 Export of Gold
Volume in metric tons and values in USD (billions)
| Year | Volume | Value |
| 2012 | 700 | 39.6 |
| 2013 | 548 | 25.6 |
| 2014 | 383 | 16.2 |
| 2015 | 545 | 20.3 |
| 2016 | 571 | 23.1 |
| 2017 | 581 | 22.7 |
| 2018 | 698 | 26.3 |
| 2019 | 649 | 26.9 |
Source: Dubai Customs
The data has not been validated