Where to sell Gold Bars in Dubai
Quick answer
To sell Gold Bars in Dubai, it is melted and assayed at a refinery, with settlement on the confirmed gold content against the LBMA spot. Guyana Gold Mines connects suppliers directly to UAE buyers at the best prices, without a broker chain.
How selling works
- 1
Assess the material
Form, approximate purity and the expected LBMA-linked pricing basis are established.
- 2
Melt and assay
The material is melted and assayed to confirm the actual gold content.
- 3
Price and settle
Price is calculated on assayed content against LBMA minus a refining charge.
- 4
Payment
Payment follows assay, with no upfront fees before the metal is seen.
What sets the Gold Bars price when you sell
When you sell Gold Bars, you are paid on assayed gold content, not a stated figure. Gold Bars typically runs at 88% – 99.99% Au by type and is verified by Fire assay, XRF, Refinery certificate, after which the value is calculated against the LBMA spot minus a refining charge.
So two things set your net proceeds: the real purity of your Gold Bars, and the discount or fee the buyer or refinery applies. The higher the purity and the clearer the source, the better the price.
Avoiding mistakes when selling Gold Bars
The biggest mistake is paying or handing over Gold Bars before a clear agreement on the assay method and price basis. Always insist on assay first, and never pay upfront fees before the metal is seen and tested.
As a sourcing organisation with a 1,000+ partner network across Guyana, we connect Gold Bars sellers to buyers directly at the best prices, with transparent assay and settlement in Dubai.
UAE gold refineries
Get the best price
As a sourcing organisation with a 1,000+ partner network across Guyana, we connect suppliers directly to UAE buyers and secure the best prices, without a broker chain.
Frequently asked questions
Where can I sell Gold Bars in Dubai?
Gold Bars is typically sold to UAE gold refineries that melt and assay the material and settle on confirmed content. Guyana Gold Mines also connects suppliers directly to buyers at the best prices.
How is gold bars priced?
It is priced against the LBMA spot: dore at discount to spot; refined at small premium. Final pricing is confirmed against an agreed window and the assayed content.
Do you require advance payment?
No. Our standard terms are payment after assay in Dubai. Any supplier demanding a large advance payment before inspection should be treated with caution.