Gold pricing in Saudi Arabia reflects the global LBMA benchmark plus local currency conversion, premiums, and tax implications. For Saudi Arabia-based institutional investors, LCORE offers an alternative to local gold markets: allocated physical storage in Abu Dhabi's pre-customs zone under ADGM English Common Law. Zero UAE duty, Lloyd's $250M insurance, ADGM Reg. 28158. Minimum allocation: $5M.
Request ConsultationThe international gold spot price (XAU/USD) converted to SAR reflects the USD/FX rate at any given moment. Saudi gold price in riyals. LCORE provides institutional gold storage in Abu Dhabi with SAR settlement capability for counterparties from Saudi Arabia.
For institutional holders in Saudi Arabia, Abu Dhabi offers structural advantages: zero UAE capital gains tax (vs Saudi Arabia local tax), zero import duty in pre-customs zone, ADGM English Law title protection, and DVP settlement infrastructure for commodity transactions.
UAE has no capital gains tax on gold. No annual wealth tax. No VAT on investment-grade bullion. Structural advantage for Saudi Arabia investors vs home-jurisdiction holding.
LCORE can facilitate commodity settlement in SAR via gold DVP mechanism. No mandatory USD clearing for Saudi Arabia counterparties.
ADGM applies English Common Law. Warehouse Receipt is enforceable internationally. Saudi Arabia counterparties can rely on familiar legal framework.
Confidential. Min $5M. ADGM Reg. 28158.