Precious Metals & Stones
Gold
The reference store of value, traded as Good Delivery bars, kilobars and doré.
Overview
Gold is a precious metal known for its remarkable lustre, malleability, and resistance to corrosion and tarnishing. It is one of the densest naturally occurring elements and an excellent conductor of electricity. Gold has been valued throughout human history for its rarity and enduring beauty, making it a cornerstone of monetary systems, a store of wealth, and a safe-haven asset during times of economic uncertainty.
Today, it is widely used in jewellery, electronics, dentistry, and aerospace technology. As a financial instrument, gold is traded on global commodities markets and serves as a hedge against inflation and currency fluctuations.
Typical specification
- Symbol
- XAU
- Investment fineness
- 995.0 to 999.9 parts per thousand
- Good Delivery bar
- About 400 troy ounces (350 to 430), minimum fineness 995.0, LBMA standard
- Kilobar
- 1 kilogram at 999.9 fineness
- Troy ounce
- 31.1035 grams
- Benchmark
- LBMA Gold Price, set twice daily in London
Market reference values. Final specification, origin and quantity are agreed contract by contract.
Main uses
- Jewellery
- Investment
- Central bank reserves
- Electronics
How a transaction runs
These four stages apply to every enquiry, whatever the product and the volume.
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Enquiry
Tell us the product, specification, quantity, destination and target schedule.
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Verification
Due diligence is carried out on both counterparties before any offer is exchanged.
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Offer and contract
Price, Incoterm and payment instrument are set out in the offer, then in the sale and purchase agreement.
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Inspection and delivery
Quality and quantity are checked by an independent inspector before the cargo is released.
Request a quote for Gold
Tell us what you need, or what you have to sell. Every request is read by the desk and answered by email.
- Office
- Dubai, United Arab Emirates