Monetary Metals Continues Growth in UAE with Leading Jewelry Retailer in Dubai
SCOTTSDALE, Ariz., June 3, 2025 /PRNewswire/ -- Monetary Metals continues to expand its presence in the United Arab Emirates through a new gold lease to Tajvi Gold Holdings, a jewelry manufacturer and retailer based in Dubai.
This new partnership represents an important milestone for Monetary Metals. It is the company's first lease to the retail gold jewelry trade in Dubai, a critical hub in the global gold market.
Roughly 46% of the world's above ground gold supply consists in the form of jewelry1. And approximately 20-30% of all gold traded globally flows through the Dubai region2. Both of these data points underpin the strategic importance of this landmark transaction for Monetary Metals.
The Monetary Metals Gold Yield Marketplace® offers gold-denominated financing to qualified businesses in the precious metals industry, while providing a Yield on Gold, Paid in Gold® to investors and institutions who want to put their gold to work.
Keith Weiner, founder and CEO of Monetary Metals commented on the announcement,
"We're thrilled to announce Tajvi Holdings coming on to our platform. The UAE is so important to the global gold trade, and Tajvi has an excellent reputation for craftmanship and fair dealing. This announcement signals that we're open for business and ready to provide reliable and scalable gold-financing solutions here in Dubai."
The Monetary Metals true gold lease changes the game for jewelry companies in three important ways. First, the lease is off balance sheet, which improves the jeweler's financial ratios. Second, the lease amount is set in ounces, not dollars, which is important because in a rising gold price environment it does not require decreasing inventory. Third, it removes the price risk to the jeweler and therefore eliminates the need to hedge, which is more difficult to execute when the gold price is rising.
Tajvi Gold Holdings' CEO Shameer Shafi shared his excitement about the gold lease with Monetary Metals,
"Monetary Metals is transformative for our business. By accessing gold through this innovative lease structure, we are streamlining our operations, improving our financial position, and eliminating complex hedging strategies. As a result, we can focus more on what we do best—creating world-class jewelry for our customers. We are honored to be the inaugural participant in this forward-thinking initiative."
Visit www.monetary-metals.com for more information.
About Monetary Metals
Monetary Metals® is Unlocking the Productivity of Gold™ by offering a Yield on Gold, Paid in Gold® to investors, and Gold Financing, Simplified™ to gold-using businesses (mints, miners, refiners, jewelers, etc.). Since 2016, individuals and institutions around the world have been earning interest in gold and silver every month through their Gold Yield Marketplace®. For more information, visit www.monetary-metals.com.
Monetary Metals Contact Information:
Dickson Buchanan Jr.
Vice President Marketing
[email protected]
646-653-9729
For additional information or press inquiries, please contact [email protected].
About Tajvi
Founded in Dubai, Tajvi Gold was established with the vision of bringing high-quality gold jewelry to customers who value style, quality, and trust. Over the years, Tajvi has earned a reputation for exceptional designs, honest service, and deep-rooted dedication to customer satisfaction. Whether you're looking for a traditional piece for a special occasion or a contemporary design for everyday elegance, Tajvi has something for every taste and preference. For more information, please visit www.tajvigold.com.
Tajvi Contact Information
Mr. Mujeeb Rahiman
Managing Director
Email: [email protected]
Contact No: +971 501 276 916
Mr. Shameer Shafi, Chief Executive Officer
Email: [email protected]
Contact No: +971 559 335 339
Head Office, Gold Center Building - shop no. 19 & 20 Gold Souq - Deira - Al Ras – Dubai
[email protected]
+971 4 348 8857
1 According to the World Gold Council, source.
2 According to the In Gold We Trust Report, source.
SOURCE Monetary Metals & Co.
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