Dubai Gold Buying Options
Dubai offers many options for gold buyers. Dubai is a leading global market place for selling and trading of gold. Regardless, buyers and sellers do not have much choice but to conform to certain protocols when purchasing or trading gold. We will be discussing some options for buying gold at Dubai Gold Market, which is the only legal market for gold in Dubai. A directly purchased gold contract from an investor is the first option. This arrangement is also known as "spot", because the transactions take place on the same date that the contract is signed. An "spot" contract is one where an investor purchases a predetermined amount of gold from the trader. The price will be fixed on or before a date. If the buyer is unable to complete the transaction due to any reason, the gold seller has two options: resell the gold (OTC), or to use the funds for whatever purpose. Second, a gold bullion seller can purchase and resell gold. Dubai Gold Market Association will license mos...