Unlocking the Value of Your Gold: A Guide to Turning Gold into Cash:

Gold Purchase Process

We primarily buy raw gold (any purity) or bullion gold bars (over 99.95% purity) on a CIF Dubai basis. Please note that nuggets or gold dust are not acceptable to Dubai Customs. Ensure all legal documentation, including the Certificate of Origin and proof of taxes paid, are provided for clearance.

Importing Gold to the UAE

Once the gold is in the UAE, A Gold can import it using our Customs Clearance and Import License for Precious Metals or through one of our nominated Customs Clearance Brokers, such as Transguard, G4S, Brinks, or any other reputable and fully licensed Customs Clearance Agent approved by the UAE Government.

Customs Clearance and Security Transport

After clearing Customs, a licensed and recognized Security Transport company with a bonded warehouse, such as Transguard, Brinks, G4S, or any other reputable company approved by local authorities, will transport the gold to our nominated Refinery, Smelting House, or Assayer.

Assaying and Finalizing the Sale

Once the licensed assayer completes the assay and the results are accepted by the Seller, both parties will sign the Final Commercial Invoice per the terms of our Sales & Purchase Agreement (SPA). Payment will be made via Swift/TT within three banking business days at the agreed contract price.

Seller’s Role and Final Steps

When the gold arrives in the UAE, the Seller or their representative is expected to accompany the gold through all stages: Customs Clearance, weighing, assaying, and if necessary, re-smelting and re-assaying. Ownership of the gold changes only when the Final Commercial Invoice is issued after the assay and signed by both the Seller and Buyer or their representatives, in the presence of one of the Buyer’s Bank officers in the UAE. The full value of the shipment will be transferred within three banking days, according to the terms and conditions in the SPA.

Understanding Terms & Conditions

You can request a Draft SPA with documented requirements and procedures to fully understand the terms, conditions, procedures, and required documentation. Submit your Full or Soft Corporate Offer (FCO/SCO) stating the quantity and discount based on purity and the LBMA price offered. If the offer is acceptable in principle, complete and forward the Client Information Sheet/Know Your Client (CIS/KYC) form.

Funding for Export Costs

Suppose the Seller agrees to ship the gold CIF Dubai with payment terms of three business banking days after assay but needs funds to cover export taxes, freight, insurance, and documentation. In that case, we recommend selling a few kilos of gold locally to generate the necessary cash flow before exporting the gold to CIF Dubai.

Click here to see the necessary documents for gold sales. gold_procedures.pdf requires

Click here to view the procedures for selling gold CIF to the UK, Dubai, Mwanza (Tanzania), and worldwide:gold_procedures

You can reach us on our website: www.dkegoldfzc.com and [email protected] for information.