Dubai Precious Metals Conference highlights importance of global sourcing integrity, investment in technology

Dubai Precious Metals Conference highlights importance of global sourcing integrity, investment in technology

DUBAI, 22nd November, 2022 (WAM) -- Dubai Multi Commodities Centre (DMCC) successfully concluded today the tenth edition of the Dubai Precious Metals Conference (DPMC), held in partnership with the Ministry of Economy, at Atlantis, The Palm, Dubai.

This year’s edition focused on four key themes – the future of precious metals trade, stepping up sourcing integrity, financialisation of the precious metals trade and resetting global price benchmarks.

Hundreds of traders, regulators, industry bodies and exchanges gathered to discuss these themes, with a particular emphasis on the need to continuously enhance sourcing integrity in the precious metals industry. The Ministry of Economy’s UAE Good Delivery Standard and recently updated Due Diligence Regulations for Responsible Sourcing of Gold are critical to the future of gold trading in the UAE and the industry as a whole, with all gold refineries and other regulated entities operating in the country required to meet international standards and best practices.

Speakers and delegates also focused on the potential for tokenisation to not only make the trading of gold more transparent and traceable but also more accessible. On the eve of DPMC, DMCC announced a partnership with Comtech Gold to digitise the trading of gold by tokenising the precious metal and