- Gold coin series reinforces Dubaiâ€™s position as the City of Gold, and an important hub in the region
- Visions of Dubai coins form a practical, strategic investment
Dubai Multi Commodities Centre (DMCC) and the World Gold Council today launched The Palm edition of the prestigious â€œVisions of Dubaiâ€ (VoD) gold coin series. The coin features the image of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on the front and The Palm Jumeirah, one of Dubaiâ€™s iconic landmarks, on the reverse.
Crafted under strict supervision, DMCC assures the quality of these unique collectibles, which have been especially designed to represent Dubai, reflecting the emirateâ€™s position as an important hub for gold in the Middle East region.
In the new economic era, the Visions of Dubai coins form a practical, strategic investment opportunity, coming in various sizes.
Ahmed Bin Sulayem, Executive Chairman, DMCC said, â€œThe Visions of Dubai â€“ Palm edition gold coins have been created to commemorate the innovative spirit of the emirate of Dubai, and the world-class landmarks that have been established.Â The Visions of Dubai series is a true celebration of Dubaiâ€™s status as the â€˜City of Gold.â€™â€
â€œThe coins, which carry DMCCâ€™s stamp of quality and authenticity, present a wise investment opportunity, a memorable gift, and a cherished collectorâ€™s item,â€ Ahmed added.
Made of 24-karat (999.9) gold and supported by the World Gold Council, the VoD coins are produced by Emirates Gold Refinery DMCC, which is accredited by Dubai Good Delivery; a standard developed by DMCC that has improved tradability and distribution of small gold bars and has enhanced the reputation of approved refineries.
Ajay Mitra, Managing Director of the World Gold Council in India, the Middle East and Turkey said: â€œThe WGC has been working hard through numerous initiatives to develop gold demand in the region and Dubai in particular. We consistently strive to create enduring value for all stakeholders, and through our collaboration with the DMCC and the launch of this gold coin, consumers are provided with a practical, long-term investment opportunity.â€
The 24-karat VoD gold coins come in four sizes: 1oz (34 g), Â½Â oz (17 g), Â¼Â oz (8.5 g) and 1/10 oz (3.4 g). Made entirely of pure gold, the quality of the coin is unparalleled, further retaining its value over a long period of time.