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Gold

Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty.

Our Products

Our Product - Bullion Bars

Bullion Bar

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Our Product - Investment Bars

Value Added Investment Bars

An effective way to diversify your investment portfolio

Our Product - Gold Coins

Gold Coins

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Major Characteristics

  • Gold (Chemical Symbol-Au) is primarily a monetary asset and partly a commodity.
  • Gold is the world’s oldest international currency.
  • Gold is an important element of global monetary reserves.
  • With regards to investment value, more than two-thirds of gold’s total accumulated holdings is with central banks’ reserves, private players, and held in the form of high-karat jewellery.
  • Less than one-third of gold’s total accumulated holdings are used as “commodity” for jewellery in the western markets and industry.

Demand and Supply Scenario

  • Gold demand reached a 10-year high of 3,812.2 tonnes, worth US$150billon, as a result of
    • Strong growth in jewellery demand;
    • The revival of the UAE market;
    • Strong momentum in Chinese gold demand and
    • A paradigm shift in the official sector, where central banks became net purchasers of gold for the first time in 21 years.
  • China was the world’s largest gold producer with 340.88 tonnes, followed by the United States and South Africa.
  • The total supply of gold coming onto the market reached 4,108 tonnes, a rise of 2%.

Global Scenario

  • London is the world’s biggest clearing house.
  • Dubai is under UAE liberalised gold regime.
  • New York is the home of gold futures trading.
  • Zurich is a physical turntable.
  • Istanbul, Dubai, Singapore, and Hong Kong are doorways to important consuming regions.
  • Tokyo, where TOCOM sets the mood of Japan.

Factors Influencing the Market

  • Gold demand reached a 10-year high of 3,812.2 tonnes, worth US$150billon, as a result of
  • Above ground supply of gold from central bank’s sale, reclaimed scrap, and official gold loans.
  • Hedging interest of producers/miners.
  • World macroeconomic factors such as the US Dollar and interest rate, and economic events.
  • Commodity-specific events such as the construction of new production facilities or processes, unexpected mine or plant closures, or industry restructuring, all affect metal prices.
  • In UAE, gold demand is also determined to a large extent by its price level and volatility.

Purity

  • Gold purity is measured in terms of karat and fineness:
  • Karat: pure gold is defined as 24 karat
  • Fineness: parts per thousand Thus, 18 karat = 18/24 of 1,000 parts = 750 fineness

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Contact Info

UAE Office

28-I, Au Tower, Cluster I, JLT Dubai.

Phone

+971 4551 2721

Email

info@ashokaglobal.ae