Dubai’s gold market is undergoing a significant transformation as the World Gold Council (WGC) has introduced new regulations that will make it very difficult to sell gold coins and bars without proof of origin. These rules are designed to enhance transparency and curb illegal gold trading within the UAE.
The impact of these changes is already evident, with gold demand in the UAE dropping by 9% year on year, reaching 9.7 tonnes during the period from July to September 2025. This demand level is the lowest since mid-2021. Experts attribute this decline partly to the new law requiring buyers and sellers to provide clear documentation about the origin of gold before any trade can take place.
This regulatory shift is particularly significant for Dubai, which is globally recognized as a major hub for gold trading. The gold sector plays a crucial role in the local economy, and the authorities intend to strengthen the rules to better protect consumers and uphold the city’s esteemed reputation.
As a result, many gold dealers and buyers will need to adapt to these new regulations as Dubai aims to promote a more regulated and secure gold trading environment.
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