How do you get the best price for Sponge Gold?
Quick answer
The best price for Sponge Gold comes from sourcing direct through our network of over 1,000 miners, mines, dealers and refiners across Guyana, with LBMA-linked pricing and settlement on assayed content, without a broker chain adding cost.
How the price works
Sponge Gold is priced against the London Bullion Market Association (LBMA) spot price, then adjusted for its form and purity. Our indicative basis is lbma spot minus 6% to 8%, on melt assay. The discount to spot reflects the refining and handling still required to turn semi-refined or raw gold into market-deliverable bars, and it narrows as purity and volume rise.
Using a reference spot of USD 3350 per troy ounce, the indicative working value of this form is around USD 3116 per ounce before final assay. That number is illustrative only: the live LBMA spot moves continuously, and your actual settlement is fixed against an agreed pricing window and the confirmed assayed content.
We never ask for a deep, unexplained discount to spot to be paid upfront, and neither should any genuine buyer accept an offer that demands one. Realistic, transparent pricing tied to LBMA is a core marker of a legitimate origin deal.
What is Sponge Gold?
Sponge Gold is porous sponge gold from retorted amalgam and precipitation, sourced from gold mined in Guyana and supplied by Guyana Gold Mines to buyers in Dubai and across the United Arab Emirates. We work with a network of more than 1,000 miners, mines, dealers and refiners throughout Guyana, which lets us aggregate supply, match almost any volume and secure the best available price. It sits in the specialist part of our catalogue and typically assays around 92% gold, within a working range of 88% – 95% Au.
Because it comes straight from the source, sponge is priced and settled on its real, assayed gold content rather than on a fixed retail figure. That matters to professional buyers, who are paying for metal, not for branding. The material is drawn from Bartica and Port Kaituma, and each consignment carries the Guyana Gold Board export documentation that lets an importer classify and clear it cleanly in the UAE.
Whether you are a refinery buying feedstock, a trader building monthly volume or a manufacturer securing supply, this page sets out exactly what sponge gold is, how it is priced, how it ships to Dubai and how to buy it safely.
People also ask
Frequently asked questions
What purity is Sponge Gold from Guyana?
Sponge Gold typically assays 88% – 95% Au. The exact content is confirmed by Melt and fire assay on arrival in Dubai, and settlement is based on that assayed figure.
What is the minimum order for sponge gold?
The minimum order is 500 g, and monthly availability runs to up to 25 kg. Trial orders can scale into regular monthly tranches under a longer contract.
How is sponge gold priced?
It is priced against the LBMA spot: lbma spot minus 6% to 8%, on melt assay. Final pricing is confirmed against an agreed window and the assayed content.