1 oz Emirates Gold Silver Bar

Dubai-Refined Silver from the Middle East's Largest Private Mint

The 1 oz Emirates Gold silver bar is produced by Emirates Gold DMCC, a Dubai-based precious metals manufacturer established in 1992 by Mohamed Sharkachi. The company operates one of the largest refining operations in the Middle East, producing gold and silver bars alongside customised minting for corporate and institutional clients. Their facility in Dubai handles significant volumes of precious metal annually, and the company distributes across the Gulf Cooperation Council region and internationally.

Emirates Gold is best known for gold products targeting the Gulf retail market, particularly Diwali-themed pieces featuring Hindu deities Lakshmi and Ganesh for the large Indian diaspora in the GCC countries. Their silver bar programme is smaller in scope, producing standard investment-grade bars at .999 purity. The 1 oz silver bar carries the Emirates Gold hallmark with weight and fineness markings, sealed in protective packaging with a serial number stamped on each bar.

For buyers in the UAE and broader Gulf region, Emirates Gold bars benefit from Dubai's zero-VAT environment for investment bullion and the company's strong local brand recognition. Internationally, the bars compete in the generic silver bar category. They lack the LBMA Good Delivery accreditation of Swiss refiners like PAMP Suisse or Valcambi, but carry the established reputation of a major regional producer with over three decades of operation. The bar's primary appeal outside the Gulf market is its price positioning, typically sitting at or below the premium charged by European and North American private mints for equivalent weight and purity.

Emirates Gold 1 oz Silver Bar Technical Details

Emirates Gold produces bars across a wide weight range, from 1 gram up to larger institutional formats in both gold and silver. Their gold products extend to .9999 purity (24 karat) for investment-grade bars, while silver products use the standard .999 fineness that meets international investment-grade thresholds. The company's Die Making and Minting division handles the complete production process in-house at their Dubai facility, covering raw material refining through die creation, striking, and final packaging.

The company also produces tola-weight gold bars (1 tola equals 11.66 grams), a traditional South Asian unit of measurement that remains popular among Indian and Pakistani buyers in the Gulf region. This product range reflects the demographic realities of the Dubai bullion market, where Indian expatriates form a substantial portion of retail precious metals customers. The silver bar range follows more conventional Western weight standards using troy ounces and metric grams for broader international market compatibility. Each bar is individually serial-numbered for traceability and sealed in tamper-evident protective packaging.

Tax Position for Emirates Gold Silver Bars

The Emirates Gold 1 oz silver bar is a private refinery product with no legal tender status. Tax treatment follows standard silver bullion rules in each jurisdiction, with the UAE's zero-tax environment being the most notable feature for local purchasers.

• United Arab Emirates: No VAT on investment bullion. Gold and silver bars are zero-rated under the UAE VAT framework introduced in 2018. No capital gains tax applies in the UAE. No import duty on investment precious metals. This triple-zero tax environment is a major driver of Dubai's position as a global precious metals trading hub, and makes local purchase of Emirates Gold bars particularly attractive compared to equivalent products in VAT jurisdictions.
• United Kingdom: Subject to 20% VAT on import or domestic purchase. Not CGT-exempt. Bars imported from Dubai would also attract customs handling fees and the VAT would be payable on the total landed cost including shipping.
• United States: Sales tax varies by state. IRA eligibility for private refinery bars requires the manufacturer to meet IRS-approved criteria or appear on custodian approved-refiner lists. Emirates Gold is not among standard IRA-approved refiners recognised by most US custodians. Capital gains at the 28% collectibles rate.
• Singapore: Investment bullion (silver at 99.9%+ purity in bar form) is GST-exempt under the IPM scheme. No capital gains tax. Singapore mirrors Dubai's positioning as a tax-free bullion hub in Southeast Asia.
• Hong Kong: No sales tax, no import duty, no capital gains tax.
• Canada: GST/HST exempt at .999 purity in bar form.
• Australia: GST-free as investment-grade silver at 99.9%+ purity.