What is the price of Sponge Gold per gram in Dubai?

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.

Sponge Gold typically runs at 88% – 95% Au. 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 Melt and fire assay. 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.