DUBAI GOLD | 10 FEBRUARY 2025

Some of the earliest records indicate that gold was prized as a form of art and as a medium of exchange. Since they were first made in 550 BC, gold coins have been an essential part of our monetary system. However, antiques containing gold have been discovered dating back to 4000 BC. This suggests that wealth and power have long been linked to the significance of this asset. Even after countries transitioned from using gold coins to more practical paper money, the “gold standard” made sure that paper money kept a strong link to gold. The same quality that makes gold valuable is its scarcity and rarity, properties that have captivated humans for centuries. 

The world generates more steel in an hour than it has produced gold since the dawn of recorded history because gold is so scarce.

It also fulfils a number of functions. While gold is also widely utilised in industry, over 25% of the gold used today is used for coins and bars, and over half is used for jewellery. Technology, which is used in everything from electric cars to telephones, as well as other precious metals, has a big impact on the demand for gold.

All gold investment choices have similar prices since the “premium” of the commodity determines the price you pay. This is the percentage that the product’s cost is higher than the metal’s gold price. Because of economies of scale, producing, packaging, and shipping smaller goods usually costs a little more than producing larger ones. This suggests that smaller goods are usually more expensive. Although a 1g gold bar would be less expensive than a 100g gold bar (since they contain radically diverse amounts of gold), the true percentage charged on the smaller bar, over the price of the gold it contains, is thus slightly higher. 

Gold is one of the most famous and valuable commodities in the world.