Post by : Badri Ariffin

A transformative event for the global precious metals sector unfolded in Dubai as the Dubai Multi Commodities Centre (DMCC) wrapped up the 13th Dubai Precious Metals Conference (DPMC), witnessing an extraordinary turnout and the significant launch of DMCC FinX. The conference, hosted at Atlantis The Palm, attracted more than 1,000 industry leaders in gold, finance, and technology—marking its largest attendance to date.

This year's theme, “The Future of Precious Metals: Tariffs, Tokenisation and Trade Flows,” highlighted the rapid evolution within the sector. Debates focused on the shifting dynamics of global trade pathways and the emergence of blockchain technology, exploring how these changes are shaping the world's most traded commodities.

The agenda brought together a vast array of global stakeholders, including prominent exchanges, refineries, bullion banks, and regulatory organizations. Sessions delved into the convergence of digital assets with conventional commodities and the restructuring of trade routes, reinforcing Dubai's status as a center of dependability and innovation.

A standout moment was the official introduction of DMCC FinX, a pioneering initiative aimed at bridging institutional investment, fintech, and commodity trading via a single platform. Leveraging Dubai’s established framework—including the Dubai Gold & Commodities Exchange, DMCC Crypto Centre, and DMCC Tradeflow—the new service is poised to strengthen connections between traditional supply chains and modern financial markets, particularly as the adoption of tokenized assets rises.

This announcement follows a remarkable performance in the UAE’s precious metals sector, with gold worth USD 186 billion transiting through the nation in 2024, underscoring Dubai’s pivotal role in global commerce. DMCC currently supports over 1,500 entities within the gold and precious metals arena, offering services that encompass refining, logistics, storage, settlement, and digital trading solutions.

Over the last decade, DPMC has transformed into a key annual forum for the global bullion sector. This year’s robust attendance and diverse participation highlighted Dubai’s strategic importance as a conduit between East and West, particularly as markets adjust to emerging trade conditions and the rise of digital technologies.

The conference benefited from the support of notable industry players such as Sam Precious Metals, HMB Gold, World Gold Council, Ahlatci Metal Refinery, Emirates Minting Factory, Suntech Business Solutions DPMS, AKW Consultants, and Ashoka Global, collectively emphasizing the sector’s commitment to innovation and sustainable growth.

As the global landscape of precious metals continues to transform, this year’s DPMC conveyed a clear message: Dubai is not only adapting to change but is at the forefront of shaping the future of value movement across markets.

#Dubai #UAE News