Dubai is introducing new challenges for gold sellers as the World Gold Council (WGC) warns that selling gold coins and bars without proof of origin will become difficult. The demand for gold in the UAE has dropped by 9% year on year, with only 9.7 tonnes sold in the July-September 2025 period. This is the lowest demand since the second quarter of 2021.
The new requirement to provide origin documentation is part of efforts to increase transparency and ensure the authenticity of gold products in the market. Many buyers and sellers in Dubai are expected to face these new regulations starting soon.
Key Points of the New Gold Selling Regulations
- The necessity of proving the origin of gold coins and bars before selling.
- Aimed at protecting consumers by ensuring genuine products.
- Maintaining Dubai’s reputation as a trusted gold trading hub.
The cultural and economic importance of gold in the UAE remains significant due to its traditional role in gifts, investments, and jewelry. Industry experts believe this new rule may lead to a more regulated and safer environment for gold trading, although it might slow down transactions temporarily.
Advice for Sellers
- Keep proper documentation proving the origin of gold products.
- Stay informed about regulatory changes to ensure compliance.
- Prepare for potential short-term disruption in transactions.
These steps will help sellers avoid any losses and comply with the upcoming rules effectively. For more updates on this story, stay tuned to Questiqa World News.
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