Priced in the open
Every price on this site is worked out the same way, from the same live feed, and you can check the arithmetic on any product page.
The spot price
Gold (XAU) and silver (XAG) trade worldwide in US dollars per troy ounce. Our server follows that spot price continuously.
Into dirhams per gram
We convert at the UAE dirham's fixed peg of 3.6725 to the dollar and divide by 31.1035, the grams in a troy ounce. That is the market rate per gram.
Our margin
We add our dealer margin per gram to the market rate. The result is the rate per gram shown on the live rates page.
The metal in your bar
Rate per gram × the bar's weight × its fineness (0.9999 for 999.9 gold, 0.999 for 999.0 silver) gives the bar's metal value.
Plus one fixed premium
Each bar carries a fixed premium in dirhams for minting or casting, assaying, insurance and handling. It is shown on its own line on every product page and does not move with the market.
Zero VAT
Investment gold and silver of 99% purity or more is zero-rated for VAT in the UAE, so nothing is added on top.
Fixed when you confirm
Prices stay live while you enter your details. When you press Get my price, our server prices your whole bag at that moment and holds it for a few seconds, with a timer on screen. Confirm in that time and that is your price. If it runs out, you get the new live price.