Dubai, UAE – A UAE-based app, O Gold, has launched a new feature that allows residents to lease their gold holdings and earn up to 16 percent annual income. The app, which enables users to buy gold for as little as Dh1, now offers the option to lease as little as 0.1 gram of gold.
The initiative is being rolled out in collaboration with Monetary Metals (MM), a global leader in gold leasing. The company matches gold investors with businesses—such as refineries and jewelers—that require gold for productive use.
How Gold Leasing Works
According to Mark Pey, CEO of MM-Dubai, gold leasing is a secure and efficient way for investors to generate returns.
“We match investors who own gold with companies that use gold productively. When you lease your gold to one of these companies, you remain the legal owner of that gold,” Pey explained.
O Gold’s leasing program ensures transparency and security through advanced tracking mechanisms, including RFID tags that allow real-time monitoring of every gram of gold.
Reshaping Gold Investment in the UAE
Since its launch in 2023, O Gold has been reshaping the way UAE residents invest in gold. Bandar Al-Othman, chairman of O Gold, highlighted the platform’s success, noting that it has over 50,000 active users and more than 70,000 completed transactions.
“This initiative is not just about launching an innovative financial product; it is about promoting a true Emirati brand regionally and globally,” Al-Othman added.
Security and Risk Management
Gold leasing carries inherent risks, but MM’s strict due diligence process ensures maximum security. Pey revealed that the company:
- Integrates with companies’ inventory systems to track gold movements
- Implements RFID tags to monitor gold in real-time
- Rejects over 90 percent of leasing requests due to security concerns
- Has completed 63 successful gold leases without losing a single gram
To further protect investors, a comprehensive insurance policy is in place, covering all potential risks associated with gold leasing.
Why Gold Leasing is a Smart Investment
According to Ahmed Abd El Tawab, CEO of O Gold, investing in gold remains one of the most stable financial strategies. He pointed out that gold prices rose by 25 percent in 2024, making it a reliable store of value. Many countries experience currency devaluation, and gold provides a secure alternative for wealth preservation.
“Gold leasing is an opportunity for investors to earn passive income while maintaining ownership of their assets. With this app, they can lease their gold at any time without penalties,” Abd El Tawab stated.
A New Era for Gold Investment in the UAE
With the launch of gold leasing on O Gold, UAE residents now have an innovative and secure way to generate income from their gold holdings. As digital investment platforms continue to evolve, this initiative sets a new benchmark for gold investment accessibility and profitability.
