commonly kept in the form of bars, and are at least 99.5% pure 24 Karat gold. It is a common government or central bank reserve asset. Due to the availability of several gold refineris in Dubai, it contributes to a large bullion industry.
Rate of gold bullion can change in Dubai due to economic conditions, demand and even geopolitical events. Traders and investors must make careful monitoring of these factors before making important decisions. Because the city contains numerous gold dealers and bullion shops, bullion is a popular investment choice for businesses and individuals in Dubai.
The DGCX also play a major role in the gold bullion indutry. It omits the need of physical delivery in their various gold futures contracts offered to the investors and traders.