Now buying, selling, or saving with gold is so easy, you can do it anytime and anywhere you like.
The Gold Account is a digital platform that allows customers to buy and sell digital gold instantly.
Individual customers from personal banking and business banking, as well as business entities, are eligible for the Gold Account if they are existing RAKBANK customers.
No, the Gold Account does not offer interest.
Buy and sell rates for the RAKBANK Gold Account are decided by the RAKBANK Treasury Unit. Prevailing gold buying & selling rates can be viewed on RAKBANK Digital Banking.
Kindly note buy / sell rates are not displayed on RAKBANK website.
Customers can redeem a minimum of 10 grams and a maximum of 5 kilograms of physical gold per day.
Yes, customers can convert their RAKBANK Gold account balances (minimum of 10 grams) into a physical gold bar. Customers can submit a request to redeem physical gold through RAKBANK's digital banking channels or at any RAKBANK branch. They will receive an SMS when the physical gold is ready for collection. Please note that while the redemption request can be submitted at any RAKBANK branch, physical gold can only be collected from designated RAKBANK branch.
RAKBANK will hold onto the requested physical gold for a maximum period of 60 days from the date of the SMS notification sent to the customer for collection.
Kindly note a monthly custody charges will apply after 30 days if the physical gold held at branch is not collected within 60 days. Please refer to the RAKBANK Service & Price Guide for more information on charges.
Get quick answers to your queries.
Discover the RAKBANK App and enjoy cutting-edge Digital Banking services at your fingertips. Seamlessly manage your accounts, conduct secure transactions, and enjoy a range of innovative features – all in one user-friendly platform.
Gold Account: Buy & Invest In Gold Online | RAKBANK UAE
