What is the price of Mine-Run Gold per gram in Dubai?

Mine-Run 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 5% to 7.5%, single-origin premium negotiable. 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 3141 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.

Mine-Run Gold typically runs at 85% – 92% Au, unblended. Natural and semi-refined gold varies lot to lot, which is exactly why the deal is settled on assay rather than on a headline number. Nobody serious pays a fixed price for an unverified purity.

We verify content using Fire assay, XRF. Fire assay remains the reference method for settlement because it measures the actual gold recovered from a representative sample; XRF gives a fast surface reading for cross-checking. On arrival in Dubai the buyer, or a mutually agreed assayer, confirms the content, and the final invoice is calculated from that figure.

This assay-first approach protects both sides. You never overpay for material that under-assays, and we are paid fairly for material that meets or exceeds expectations. It is the standard the UAE's refineries and bullion desks already work to.