ESSENCE OF DUBAI GOLD JEWELLERY - GOLD SOUKS & JEWELLERS IN DUBAI
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Dubai Gold Price
Dubai gold price is of course a very important initiative on which the saleability of all gold coming out of Dubai depends. Of course, individuals cannot set the Dubai gold price by any means. The gold price works as the Pall Mall in itself. It has its daily rates and it is either going up or drops due to the fluctuations of the global gold market as well.


The Dubai Gold price is a rate that depends on many different things. Therefore, the Dubai gold price must always be
* Competitive
* Worthy of the quality delivered
* must be in accordance with the international gold rates differences can’t be too big
* Must never be less than the price for which the gold has been bought and delivered to Dubai

The Dubai gold price is set by the Dubai Multi Commodities Center, which is the ultimate head of all sorts of commodity business, appointed by the government itself. DMCC is the one, which controls and navigates primarily gold, silver, diamond, textile and tea trading in Dubai. The section of DMCC dealing with gold trading specifically is called Dubai Gold and Commodities Exchange. The Dubai Gold and Commodities Exchange are responsible for the listing of the key economic rates as indicators of all sorts of precious metals, energy and currencies on one platform. All trades are cleared in Dubai through Dubai Commodities Clearing Corporation also owned by the DMCC.

The Dubai gold price is divided to different segments: TT Bar, 24 Carat, 22 Carat, 18 Carat

Daily Dubai gold price rates are published every morning and evening including last rates or comparative reasons. Silver rate is published in Kilo Bars and Per OZ. The rules set in order to control all aspects of gold trading are called DGD Standards, which correspond with the London Good Delivery Standards, which is the base of the rates and rules in one. Dubai Multi Commodities Centre regards gold as a commodity and as an investment that can be exchanged to other investment at any day. The flats bought in the centre of the DMCC called Jumeirah Lakes Towers are also regarded as exchangeable commodities the price of which is also given for the owners in 400-ounce gold bars. The other tasks of Dubai Gold and Commodities Exchange are to get a growing number of members as investors providing them several advantages in the gold and currency market. The membership is especially worth for big investors such as banks or gold traders. Yes, of course it is not all that forms Dubai gold price in the region.


The Dubai gold price set by jewellery merchandisers is also different from the Dubai gold price given for the raw material as it includes the price of manufacturing and if applicable different gemstones included in the jewellery. The rates of all sorts of gemstones, with the sole exception of fancy diamonds are also given in daily rates or currencies. So this way the price of golden jewellery is although affected by the daily Dubai gold prices but will cost seemingly more, which in the case of Dubai means still much cheaper than the international jewellery prices.
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