Dubai Chamber of Commerce has launched three business groups for the gold sector,  The Gold Manufacturers, Gold Bullion and Refinery Group as well as the Gold Designers Business Groups.

Dubai's trade in the gold market increased considerably in recent years. At a CAGR of 15% between 2017 to 2021, the total trade of gold went from $43.4 billion to $75 billion.

The three new groups will play a fundamental role in sustaining the promising growth of the industry.

The emirate's Gold Souk in Deira is home to more than 300 retailers and Dubai Multi Commodities Centre free zone serves the entire gold value chain, from research and refining to trading and investing.

(Writing by Seban Scaria seban.scaria@lseg.com; editing by Daniel Luiz)