|
Emirates Gold
Emirates Gold is a precious metal refinery, bullion manufacturer, and dealer based in Dubai, United Arab Emirates. Working primarily with gold and silver, the company produces its own bullion (such as 995 and 999.9 purity kilobars) which is recognized internationally, as well as other products such as investment bars in sizes ranging from 1 gram to 100 grams, and customized coins and medals.[1] Founded in 1992, it is one of the largest refineries in the Middle East.[2] In 2017 at the Dubai Shopping Festival, Emirates Gold created the world's largest display of gold with 250 kilograms (550 lb) of gold bars.[3][4] Dubai is a very famous market for gold buying and selling and attract investors for making their profits. Membership to the LBMA has been suspended as per 14 July 2023, due to their members list.[5] In March 2024, rights group wrote a letter to the London Bullion Market Association (LBMA) stating that it should put efforts to exclude gold linked to human rights abuses or criminality from its supply chain. The letter mentioned the cases exposed by media or researchers around the countries in Latin America, Africa and the Middle East. The letter mentioned an example where the UAE was named as the country of origin for selling nearly 150 metric tons of gold to GDL refiners in 2021.[6] References
|
