GOLD COMPANY IN DUBAI | 6 FEBRUARY 2025

This Dubai Gold Glossary provides a detailed grasp of the Dubai Gold Market by offering an extensive collection of terminology and phrases related to investing in gold.

22 Carat Gold

22 carat gold refers to a gold alloy that contains 22 parts gold and 2 parts other metals.

24 Carat Gold

24 carat gold refers to pure gold, which is composed of only gold.

875 gold

875 gold refers to a gold alloy that contains 875 parts gold and 125 parts other metals.

916 gold

916 gold refers to a gold alloy that contains 916 parts gold and 84 parts other metals.

999 gold

999 gold refers to a gold alloy that contains 999 parts gold and 1 part other metals.

Acid Test

A method of using aqua regia and nitric acid to measure the fineness of gold.

Adjustment Marks

The tiny lines or notches created on a coin’s surface or edge during the minting process are known as adjustment marks, and they are mostly used to rectify the coin’s weight or alignment.

Allocated Gold

Allocated gold is actual metal that is owned entirely and kept in a professional vault. The vault provider’s balance sheet does not include allocated metal. Since it is not a firm asset, it is not impacted by their financial performance. The owner’s personal belongings, known as allocated gold bullion, are kept under a custody (or “safekeeping”) agreement.

Bailment

A legal arrangement known as bailment occurs when one person (the “bailor”) transfers physical ownership of personal property to another (the “bailee”), who then possesses the item. It happens when someone transfers property to another party for protection.  Since bailment simply entails the transfer of possession and not ownership, it differs from a contract of sale.

Bar

The common way that precious metals were exchanged and amassed. Investment bars for gold and silver are available in a range of sizes and weights. Investment gold bars between 1 kg and 400 ounces (about 12.5 lb) are the most traded, while silver bars weighing 1000 ounces (about 34 kg) are the most traded.

Blue Gold

A mixture of 25% iron or arsenic and gold that gives it a bluish hue is called “blue gold.” Occasionally seen in “gold à quatre couleurs,” but rarely used in jewellery.

Billon

A low grade silver alloy, usually below 50% purity, used for coins. Often naturally occurring.

Bullion

Any coin used at or close to its intrinsic metal value. Relating to a coin used in such a way.

Bullion Coin Dealers

Bullion coin dealers are individuals or companies that buy and sell bullion coins.

Bullion Market

Bullion market refers to the market for trading precious metals in the form of bullion.

Carat

A weight measurement typically applied to gems, particularly diamonds. It is equivalent to roughly 0.2 grammes or 3.086 grains. It should not be confused with carat, which is a unit of measurement used to indicate how fine gold is.

Cast

Made without striking by pouring molten metal into a mould. Although some genuine coins have been cast, this method is frequently applied to low-quality counterfeits.

Certificates

One way to store gold without accepting delivery is using gold certificates. Issued by individual banks or bullion dealers, they serve as proof of ownership for a client while the bank keeps the metal. By being able to sell a fraction of the entire holdings without assay, the client benefits liquidity and avoids storage and personal security concerns.

Circulate

To be used in trade, the purpose for which most coins are made. To be passed from hand to hand.

Condition

The state of preservation of a coin, also known as its grade.

Commemorative

A coin created especially to mark a certain occasion. Many commemorative coins are now made to sell to collectors, but the majority were initially created for circulation.

Copy

Any coin made that is strikingly identical to another. Some nations created their own replicas of the popular coins that other nations had launched. utilised to characterise counterfeits and forgeries as well.

Counterfeit

A counterfeit coin that mimics the actual one. The goal is usually to pass as the authentic original object at its full face or intrinsic worth, and it is typically manufactured at or around the same time as the original. A fake.

Density of Gold

Density of gold is 19.3 g/cm3

Diameter

A coin’s width measured in a line through the middle of its largest portion. The diameter of non-circular coins can have many values.

Doré

A mixture of raw gold and silver that the mine produces to lower the cost of shipping.

Dubai Gold Souk

Gold, platinum, diamonds, and even silver are sold at this traditional Dubai market. The souk is situated in the Al Ras neighbourhood of Deira. For jewellery enthusiasts, the souk is a favourite destination.

Dubai Gold Market

Due to a variety of variables, the Dubai gold market is dynamic, with prices fluctuating daily. The daily gold rates, which are usually expressed per gramme for 24K gold, should be monitored while you are exploring. There are several different levels of gold purity, ranging from pure 24K to 22K or 18K. It is essential to know how to determine the appropriate pricing.

Dubai Gold Certification

The Dubai Central Laboratories Department (DCLD) uses Bareeq Certification to guarantee the purity of gold jewellery sold in Dubai. The evaluation starts by examining the stores’ adherence to regional and national laws and regulations, the sufficiency of jewellery labelling, and the quality control of the products. As they keep an eye on the outlets to make sure the rules are being followed, the inspector or inspectors record their observations. The DCLD’s required inspection of the retailers’ standards and the purity of the gold jewellery they sell is supplemented by the voluntary certification. Authorities typically conduct at least three store inspections every year.

Dubai Good Delivery (DGD)

The Dubai Good Delivery (DGD) is a standard, an international benchmark for quality and technical specification for the production of gold and silver.

Edge

the outer portion of a coin, which is often orientated perpendicular to its two main sides.

EF or Extremely Fine

A coin’s grade or level of preservation is described as being better than very fine but lower than uncirculated. Because English and American languages differ, Americans shorten this to XF.

Electrotype

A replica coin, as used in numismatics, is created by electroplating metal onto a mould that is obtained from an actual coin. Although electrotyping can be used to create a lawful reproduction of a real coin, it is also a technique used to create counterfeits.

Error

Any error in a coin’s design, as well as the coin that has the error. occasionally brought on by incorrect die pairing to produce a mule.

Exergue

The portion of a coin that is between the edge and the ground; it frequently has the date on it.

Fake

Any counterfeit coin created to look like the actual thing, usually with the goal of misleading. Coins with patterns or replicas are not considered fake.

Field

The flat backdrop portion of a coin that the main design is carved into or sometimes stands out from.

Fine

A description of a coin’s grade or condition, coming below ‘Very Fine’, but above ‘fair’.

Fineness

Investment gold is measured in fineness, whereas the purity of gold jewellery is assessed in carats. Near-pure 24-carat gold, commonly referred to as “995 fine” (also “0.995” and “two-nines-five”), is equivalent to 995 parts per thousand. That is the bare minimum of fineness required by the Good Delivery standard of the London wholesale market. Like kilobars for the Chinese investment market, 999 fine gold coins (also known as “0.999” or “three-nines”) are usually used by retail investors. Only fine gold content is ever charged by professional wholesale sellers. Therefore, gross weight x fineness is used to determine the price of huge 400-ounce gold bars. In contrast, Gold Company in Dubai selling prices for silver do contain the 1 part per thousand impurity, and the wholesale standard is 999 fine.

Fool’s Gold

Novices frequently confuse iron pyrite for gold. Despite having a similar colour to gold, its characteristics are completely different. Gold is soft and pliable, whereas it is hard and brittle.

Gold

From the beginning of currency creation to the present, this vivid yellow metallic element has been utilised. It typically doesn’t tarnish or corrode since it is inert to the majority of chemical and atmospheric processes.

Gold Alloys

Gold Alloys are mixture of gold with other metals.

Gold Color

Different colours of gold, including yellow, green, red, and white, are produced by variations in the alloys used with gold. Silver, copper, zinc, and nickel are the alloys most frequently used with gold. Nickel tends to be white, copper a reddish cast, and gold a greenish tint due to the presence of silver and zinc.

Gold and Recession

The term “gold and recession” describes how gold prices typically rise during recessions as investors look for safe haven assets.

Gold Mining

Gold Mining refers to the process of extracting gold from the earth.

Gold Nugget

This describes raw or placer Gold which has washed out of the rocks generally into river beds where it has been beaten by the water and rocks into a “nugget” shape.

Gold Purity

Gold Purity refers to the proportion of gold in an alloy.

Gold Smelting

Gold Smelting refers to the process of refining gold from gold ore.

Gold Standard

Gold standard refers to a monetary system in which the value of the currency is directly linked to the value of gold.

Gold to Real-estate Ratio

Gold to real-estate ratio refers to the relationship between the price of gold and the price of real estate.

Gold vs Stocks

Gold vs stocks refers to the comparison of investing in gold versus investing in stocks.

Gold à Quatre Couleurs

The term “gold à quatre couleurs” describes the use of four different colours of gold alloy in one piece of jewellery. A harmonic design is produced by soldering and inlaying the colours together. The most often used combination for jewellery design was green, red, white, and blue gold. Despite being discovered earlier, the technique didn’t become widely used until around 1750.

Grade

A measure or description of the condition or state or preservation of a coin.

Green Gold

A silver alloy known as “green gold” is typically composed of 25% fine silver and 75% gold. Although less silver can be used to create green gold, copper and zinc are typically added as well.

Grey Gold

Grey gold is an alloy of gold and iron or gold, silver, and iron that is a pale grey color.

Inflation

a phenomena whereby the prices of the majority of goods and services rise as money gradually loses purchasing power in relation to its face value. The term ‘hyper-inflation’ is typically used to describe inflation that happens quickly. ‘Deflation’ is the antithesis of inflation.

Ingot

A bar of metal as cast before it is rolled, cut, and stamped into coins. Ingots themselves have also been used as coins or money.

Inscription

Any writing on a coin, but particularly as part of the main design rather than in the surrounding space near the border.

Intrinsic

The bullion value of the metal from which a coin is made. The intrinsic value may will vary with fluctuations in metal prices.

Investment Gold

A valuable asset, gold is frequently utilised to boost wealth and protect financial stability. Gold Company in Dubai Investment gold is very valuable and of excellent grade. Gold investments enable people to purchase precious gold, which has a track record of increasing in value over time. It is possible to invest in gold both in person and online. The virtual approach, also known as “buying gold,” involves investing in mining-related indices and gold ETFs (Exchange-Traded Funds).

Jewellery Gold

Any gold that has lost its initial worth, such as broken jewellery or industrial byproducts, is referred to as jewellery gold. Frequently, refineries get this kind of gold, melt it down, and recycle it into new goods. To put it another way, jewellery gold can be any gold that is intended to be treated and/or used again; pure gold is not always the base metal.

Karats

24K: Pure gold, which is 100% gold

22K: An alloy that’s 91.67% gold and 8.33% other metals

21K: An alloy that’s 87.5% gold and 12.5% other metals

18K: An alloy that’s 75% gold and 25% other metals

Kilobar

The ideal bar size for Chinese and Indian gold investments. requires the bigger 400-ounce Good Delivery bars from the wholesale market to be melted and recast. Additionally, Chinese demand favours 999 parts per thousand, which is higher than the London standard of 995 parts.

Legend

Lettering that is not a part of the main design is typically positioned towards the coin’s edge.

Lettering

Any legend or inscription on the coin’s rim or edge, with the exception of text that serves as the primary design, like a monogram or cypher.

Long

A trader or investor is considered “long” or to have “a long position” if they own an asset or have a derivative contract that will increase in value. You are “long (of) gold” if you own actual gold or have gold futures or options that will appreciate in value in tandem with the price of gold.

Mint

The name of a coin-making facility. It can also refer to a coin that has never been used or that is in almost pristine shape, as if it had just been produced.

Mintage

The quantity produced of any particular coin.

Mintmark

The mint where a coin was made can be identified by any letter or other symbol that is placed on its design. It can also refer to other marks that a mint uses for control, including dating a coin (prior to coins having their year of issuance engraved on them) or identifying the mint officials in charge of issuing it.

Numismatic

Relating to coins or the study of coins.

Numismatist

A person who collects, studies or deals in coins.

Obverse

The primary side of a coin, which typically depicts the monarch or head of state to indicate the issuing authority. frequently referred to as the front or “head” side (see reverse). Typically, the lower die is set into the anvil.

Ounce

The term for a number of measuring units. Troy and the avoirdupois are the two most prominent ones. which, respectively, are equivalent to 28.3495231g and 31.1034768g. When weighing precious metals, the troy ounce is the accepted unit of measurement worldwide.

Overdate

By re-punching one date over the initial date on the die, one date is struck over another on a coin. usually to reduce usage towards the end of the year, but it can also be used to fix mistakes.

Overstruck

When a coin is struck on the flan of an existing coin, rather than a blank flan. Evidence of overstriking is sometimes seen on coins such as the 1804 Bank of England Dollars, which were struck over imported Spanish Dollars.

Paper Gold

The term “paper gold” is relatively new, having gained popularity among online bloggers in recent years. It describes investment instruments that track gold prices without giving the investor actual ownership of any metal. This implies that banking providers can raise the supply whenever they want, negating the uniqueness that buyers of genuine gold look for. The term “paper gold” usually refers to US gold futures and options contracts, which are essentially a wager on a price movement. Although they don’t refer to any particular metal, futures contracts are often paid for cash, however they can be settled for actual gold.

Portfolio Diversification

Portfolio diversification refers to the practice of spreading investments across different asset classes in order to reduce risk.

Premium

Premium in the physical gold market refers to the higher price over London prices that is charged in Asia’s major trading hubs. The premium, which is usually paid in US dollars per ounce and takes local conditions into account, is most famously stated in Shanghai, Hong Kong, and Mumbai. It increases as demand for huge Good Delivery gold bars increases more quickly than importers can arrange for new deliveries from London, the centre of the global physical gold market, through Swiss refineries and into Asia as kilobars, which are the local favoured investment form.

Proof

Originally created for the king, the mint, museums, or other interested parties to approve the design and quality of the coin, this specially struck coin with a superior finish is now mostly made for collectors to purchase. The backdrop of the majority of proof coins is a highly polished mirror surface, while the elevated portions of the design are matte. Both the dies and the blanks are prepared specifically, and the coins are frequently made using specialised equipment with higher pressure, slower speeds, and double or triple striking for better definition. Unlike the typical issue, some proofs are struck in different metals.

Provenance mark

A mark which shows the origin of the metal, usually gold or silver, from which the coin was produced.

Pure Gold

You have probably heard the terms “gold karat” and “gold purity” when buying gold jewellery. The quantity of gold in the jewellery, usually expressed in karats, is referred to as gold purity. The percentage of pure gold in the piece is indicated by the karat value. A higher karat value indicates that the piece includes more pure gold, while a lower karat value indicates that more other metals have been incorporated into the alloy.

Replica

A realistic and relatively faithful copy of a genuine original coin, usually produced for collectors, educational use, or other legitimate purposes, and usually differentiated in some way from a forgery intended for fraudulent use.

Restrike

A coin that is backdated, generally by the original issuer as an official issue but often unofficially, is struck after the original date of issuance. Usually the same as the original, mintmarks or other minor design modifications can occasionally set them apart. When referring to a counterfeit or a fantasy near-copy, the phrase “restrike” is frequently employed in a euphemistic, deceptive, or fraudulent manner.

Reverse

The secondary side of a coin, often called the “tail” side. The upper die during striking.

Rose Gold

A reddish-colored gold alloy is called rose gold. The alloy’s high copper content gives it this colour. The typical composition of 18K rose gold is 75% gold and 25% copper.

Serrated

An edge that is toothed instead of plain. The main purpose of edge serrations in coin production is to deter clipping and forgery.

Struck

referring to the process of making coins by pressing them between dies rather than casting them. Initially, a hand-held hammer was used to strike the (reverse) die or the trussell that held it.

Tail

The popular term for the reverse side of a coin, as opposed to the head or obverse side.

Tarnish, Tarnishing

Another word for toning, which occurs naturally to most coins, except that tarnish has a slightly more negative overtone.

Tone, Toning

Another word for tarnishing, which occurs naturally to most coins, except that tone has a slightly more positive overtone.

Troy ounce

In the English-speaking West, the conventional unit for weighing and pricing precious metals is one troy ounce. The troy ounce, which comes from Troyes, France, weighs 1.097 times as much as an imperial ounce. The New York futures market and the London physical both use the troy ounce to quote benchmark prices. 32.1507466 troy ounces is equal to 1 kilogramme.

Truncation

A cutting off point, often where the neck of a portrait slopes sharply to join the flat background part (field) of the coin.

Uncirculated

This literally indicates that a certain coin has never been in use, although it usually refers to a coin’s grade—that is, a coin that is in mint condition. Please be aware that this does not imply perfection because most coins have little scratches, scuffs, knocks, and other flaws due to mass production techniques.

Unallocated Gold

Gold that is held in a broad pool and not allotted to any one person is referred to as unallocated gold. Because the investor can purchase and sell gold without physically holding it, it is a more flexible investment alternative.

VF or Very Fine

A recognised description for the grade of a coin, being between ‘Fine’ and ‘Extremely Fine’.

Yellow Gold

The most common alloy of gold is yellow gold. Making jewellery out of pure gold is extremely challenging due to its extreme softness. To intensify the yellow colour and provide a more durable and workable alloy, alloys can be added to yellow gold. A combination of gold, silver, copper, and occasionally zinc makes up typical yellow gold alloys.

White Gold

In the 19th century, palladium and gold were alloyed to create white gold. It started to be sold commercially in Pforzheim, Germany, in 1912, and became well-liked as an inexpensive alternative to platinum in the middle of the 1920s. It is a copper, zinc, and nickel alloy made of gold. Because nickel allergies are so common, a member of the platinum family has frequently replaced the nickel in this alloy in more recent years.

World Gold Council

An industry group called the World Gold Council encourages the usage of gold and offers information and research on the gold market. It also produces reports on the most recent trends and advancements in the business and carries out research on the gold market. The organisation wants to promote the use of gold in a range of industries and aid in the growth of the gold market.

GOLD COMPANY IN DUBAI | 6 FEBRUARY 2025