How do you buy Sponge Gold wholesale in Dubai?
Quick answer
Sponge Gold is supplied wholesale in monthly tranches from a trial order, at an LBMA-linked price with settlement on assayed content. We secure volume at the best prices through a 1,000+ partner network across Guyana.
Who buys sponge gold
Refineries familiar with retorted artisanal production are the typical buyers of this form. As a specialist form it suits buyers with a specific processing or product need.
If you are sourcing for a refinery, a DMCC bullion desk, a souk wholesale operation or a jewellery manufacturing line, the specification above mirrors the RFQ language you already use, from AU content and purity to CIF Dubai delivery and payment after inspection. Send your requirement and we will respond with a matching offer.
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.
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.