Where to sell Non-Monetary Gold in Dubai
Quick answer
To sell Non-Monetary Gold 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 Non-Monetary Gold price when you sell
When you sell Non-Monetary Gold, you are paid on assayed gold content, not a stated figure. Non-Monetary Gold typically runs at 85% – 99.9% Au by form and is verified by Fire assay, XRF, 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 Non-Monetary Gold, 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 Non-Monetary Gold
The biggest mistake is paying or handing over Non-Monetary Gold 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 Non-Monetary Gold 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 Non-Monetary Gold in Dubai?
Non-Monetary Gold 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 non-monetary gold priced?
It is priced against the LBMA spot: by form: dore and raw at discount to spot; refined at 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.