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| In the entire Middle East as well as Near and Far East, Emirates Gold (DMCC) is the only refinery to have the Good Delivery status in Dubai. Under the Dubai Gold Exchange (DGX) Emirates Gold (DMCC) is accepted and approved at the clearing house for their Gold Bars with a 995 purity or even higher. Emirates Gold (DMCC) has achieved the status of Good Delivery and is accepted in the Mult-Commodities Exchange (MCX) in India. Emirates Gold (DMCC) is one of the approved brand for delivery of One Kilo Gold Bar on the Multi-Commodities Exchange (MCX) platform. |
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In the near future, our company will also be applying for the London Good Delivery on approval from the London Bullion Market Association (LBMA).
In line with its ambitious drive to promote international standards for the local and regional trade, Emirates Gold (DMCC) has developed the Dubai Good Delivery standard. This standard, is specifically designed for small Gold Bars below a kilo of 995 purity. The creation of this standard will improve tradability and distribution of small Gold Bars and will enhance the reputation of approved refineries. By ultimately increasing confidence in the quality of Gold Bars for the local and international markets, this system will in turn create extra trade finance activities. Approved Gold Bars will also meet delivery requirements for the Dubai Gold & Commodities Exchange (DGCX), thus easing processes for active market participants. The qualifying criteria is designed to ensure the sustainability of the refinery’s operations with a specified volume of production and a minimum tangible net worth, along with appropriate KYC (Know Your Client) procedures as defined by DMCC.
The Dubai Multi-Commodity Centre (DMCC) is a Government body. |
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