In line with its commitment towards promoting the highest global standards in product and service development, DMCC developed the Dubai Good Delivery (DGD) standard, an initiative supported by the Government of Dubai aimed at improving the market infrastructure and promoting greater transparency

The DGD standard also improves the tradability and distribution of small gold bars and enhances the reputation of approved refineries. It is the adopted standard for gold and silver bars in the region and by increasing confidence in the quality of gold bars for the local and regional markets, in turn promoting extra trade finance activities.

Refiners of gold bars that conform to DGD standards are added to the Dubai Good Delivery List which is maintained by DMCC. Approved bars will also meet delivery requirements for the Dubai Gold & Commodities Exchange (DGCX) thus simplifying processes for active market participants.

The Dubai Good Delivery List of approved international and regional refineries includes AGR Matthey of Australia, Argor-Heraeus SA, Johnson Matthey Hong Kong Limited, PAMP SA, PT Antam of Jakarta, Rand Refinery Limited of South Africa, Valcambi SA, Metalor SA and Emirates Gold Refinery DMCC. For a detailed list, please click here for Gold and here for Silver.

1. DGD benefitsRefineries of gold bars that conform to DGD standards enjoy the recognition this international benchmark brings to them and their gold products. The DGD standard fully complements the London Good Delivery standard for large 400-ounce bars.The DGD standard ultimately allows refineries to capitalise on the international and regional trading opportunities that are available through the Dubai Gold and Commodities Exchange (DGCX).The DGD standards offer these advantages to Gold Refineries:
   • Increase the demand for member’s gold and silver bars from local and regional clients ranging from International Bullion Banks, Wholesale and Retail Bullion trading houses, Asset Management, and Commodities brokerage firms
   • Allow member refinery produced bars to be traded at a premium in the region
   • A premium listing along with select marketing and promotional initiatives on a complimentary basis giving members additional visibility at international and regional bullion trade shows and conferences
2. DGD qualifying criteriaThe DGD standard qualifying criteria is designed to ensure the sustainability of the refinery’s operations with a specified volume of production and a minimum tangible net worth, along with appropriate KYC procedures as defined by DMCC.Refineries must maintain strict standards of creditworthiness, financial strength, operational competence and superior production procedures, ensuring the manufacturing of high quality gold with a minimum purity of 995. The small gold bars produced by these refiners must meet certain specifications of weight, fineness, appearance and marks.Refineries must meet the following criteria to be eligible to receive the DGD standard:
   • Tangible net worth of not less than or equivalent to US$15 million as per the latest audited balance sheet
   • Uninterrupted production for the past three years and minimum production of at least 10 tonnes of gold and/or 30 tonnes of silver, during the last year
   • Use of KYC and AML procedures that are acceptable to DMCC
   • Successful refinery inspection by a third party DMCC-nominated assayer

Membership Fee

Application & Membership Fees for all members

Application fee for one metal: AED 6,170 (incl of Knowledge Fee) (USD 1,680) non-refundable fee to be paid at the time of approval of the applicant.

Annual membership fee for listing of one metal: AED 3,160 (incl of Knowledge Fee)  (USD 860).

Application fee for two metals: AED 8,160 (incl of Knowledge Fee) (USD 2,220) non-refundable fee to be paid at the time of approval of the applicant.

Annual membership fee for listing of two metals: AED 4,190 (incl of Knowledge Fee) (USD 1,140).

* Membership fee does not include cost of ongoing testing (borne by member on actuals) and are subject to change.

For a full list of membership requirements and application forms, please contact us on:

Tel: +971 4 433 6711
Fax: + 971 4 375 1896
Email: commodityservices@dmcc.ae