Dubai to launch new gold and silver coins

DMCC, the Government of Dubai Authority on commodities trade and enterprise and a flagship free zone, has revealed prototypes of a fresh series of gold and silver bullion coins honouring the UAE’s accomplishments over the past 50 years.

The coins will be made available for purchase after Ramadan.

Announced at the 2022 edition of the Dubai Precious Metals Conference, the coins are the result of a partnership with Czech Mint, the official supplier of currency coins to the Czech Republic’s central bank.

The new prototype bullion coins feature a range of designs including the image of Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the Louvre Abu Dhabi to reflect the UAE’s standing as a major global cultural destination.

.@DMCCAuthority unveils prototypes of a new series of gold and silver bullion coins that celebrate the achievements of the #UAE over the last 50 years. The coins will be made available for purchase after Ramadan.https://t.co/UlDPDoBZN8 pic.twitter.com/L0Iw8SpNgY

— Dubai Media Office (@DXBMediaOffice) March 22, 2023

The unveiling marks DMCC’s role to support the gold and precious metals trade landscape globally, which will build up throughout the year and culminate in DMCC’s annual Dubai Precious Metals Conference later this year.

DMCC will be looking to mint previous editions of its popular gold coins with Czech Mint.

Throughout 2022, DMCC bolstered it signed an MoU with FinMet to expand DGCX’s gold product offering and market participation by providing facilities for bullion traders to raise short-term funds with new gold contracts.

It signed agreements with Comtech Gold and SafeGold to offer physical gold-backed digital assets to positively disrupt the $20bn gold industry in the Middle East and, alongside supporting the second edition of the Jewellery Gem and Technology Dubai B2B trade show.

Read: Dubai’s DMCC sees 17% rise in diamond trade in 2022