Verified Non-Manufactured Precious Metal Trading Companies in UAE — Gold, Silver & Platinum Bullion Suppliers

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PROFILE OF Non-Manufactured Precious Metal Trading

FAQS

What license do I need to trade non-manufactured precious metals in UAE?

A DMCC Precious Metals license is mandatory for any company trading raw gold, silver, or platinum in UAE.

  • Application is processed through Dubai Multi Commodities Centre
  • Requires DMCC Rules for Risk Based Due Diligence compliance
  • Additional AML registration required for transactions above set thresholds

How many precious metal traders are listed in UAE?

DCCIInfo lists 501 verified non-manufactured precious metal trading companies across UAE, concentrated mainly in Dubai's Deira Gold Souq and DMCC free zone.

Is Dubai a major hub for gold trading?

Yes, Dubai handles an estimated 25-30% of the world's physical gold trade, making it the third-largest gold trading center globally.

  • DGCX and DMCC anchor the trading infrastructure
  • Zero customs duty applies on gold imported for re-export

What is the difference between manufactured and non-manufactured precious metal trading?

Non-manufactured trading deals in raw, unrefined metal — bullion, doré, and concentrate — while manufactured trading covers finished jewellery and cast bars.

What documents are required to import raw gold into UAE?

Importers need Federal Customs Authority clearance, a valid DMCC license, and supply chain due diligence documentation.

  • Certificate of origin
  • DMCC responsible sourcing declaration
  • Bill of lading and customs declaration forms

Are UAE precious metal traders subject to anti-money laundering laws?

Yes, UAE Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering applies directly to bullion and precious metal transactions above set value thresholds.

Can I refine raw gold in UAE after importing it?

Yes, UAE hosts several DMCC-certified refineries capable of processing raw gold, silver, and platinum to LBMA Good Delivery standards.

What is the cost of setting up a precious metals trading business in Dubai?

Costs vary by free zone and license type, but typically include DMCC license fees, office/warehouse rental, and AML compliance setup costs.

  • DMCC free zone license
  • Vault/warehouse security requirements
  • Compliance officer appointment for larger volumes

Where are most UAE precious metal traders located?

Most are concentrated in Dubai's Deira Gold Souq and the DMCC free zone in Jumeirah Lake Towers, with additional traders in Sharjah and Jebel Ali.

How do I verify a UAE gold trader's legitimacy?

Check the company's DMCC license status directly through DMCC's member portal and confirm trade license details before any transaction.

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