Dubai Multi Commodities Centre (DMCC) and the World Gold Council (WGC) have launched The Palm edition of the prestigious 'Visions of Dubai' (VoD) gold coin series.

The coin features the image of 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 Dubai’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 emirate’s position as an important hub for gold in the Middle East region.

“The Visions of Dubai – 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. The series is a true celebration of Dubai’s status as the City of Gold,” stated Ahmed Bin Sulayem, executive chairman, DMCC.

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.

“The WGC has been working hard through numerous initiatives to develop gold demand in the region and Dubai in particular,” added Ajay Mitra, managing director of the World Gold Council in India, the Middle East and Turkey.

The 24-karat VoD gold coins come in four sizes: 1oz (34 g), ½ oz (17 g), ¼ oz (8.5 g) and 1/10 oz (3.4 g).

The coins are sold through Dubai Duty Free and leading gold retailers including Siroya Jewellers, Joy Alukkas Group, Mahallati Jewellery and Popley Jewellers.-TradeArabia News Service