Gold you can hold, even when you can't touch it.
Gold has anchored this part of the world for generations. Dubai built an entire economy around it. Simodi exists to put that same trust in your pocket: real 24K gold and silver, held in insured vault storage, with buy and sell requests submitted from your phone.
Dubai's gold trade, modernised.
Simodi Gold FZCO was founded on a simple observation: gold has been one of the world's most trusted stores of value for thousands of years, yet buying it safely, transparently and at a fair price has stayed stuck in the past.
Opaque pricing. No easy way to verify what you own or where it's kept. We set out to close that gap. Simodi combines Dubai's long-established gold trade with modern technology, so customers — from first-time buyers to experienced owners of precious metals — can buy physically backed gold and silver with a few taps.
Gold and silver are sourced from approved suppliers and recognised refiners. Customer holdings are backed 1:1 by physical metal held on a pooled basis in professionally managed vaults in Dubai and recorded against each verified customer's account. Precious metals held in storage are insured under applicable policy terms, limits and exclusions. Track your recorded holdings, submit sell requests and request eligible physical redemption subject to SIMODI's terms, minimums, availability, charges and compliance checks.
To make owning real gold and silver simple, transparent and accessible, with a low minimum purchase of 0.5 gram of gold or 10 grams of silver.
To become a trusted name in digital precious-metal ownership, starting in Dubai's own gold district and built to the standards customers expect. Gold and silver prices can rise or fall; SIMODI does not guarantee profit or protection from loss.
Why Simodi is different.
Most digital gold apps were built for a global audience first and adapted for the UAE later. Simodi was built here, for how people buy gold in this market.
| Feature | Typical gold apps | Simodi |
|---|---|---|
| Pricing | Prices shown in a foreign currency and converted at checkout | Native AED pricing, live and continuously updated |
| KYC & verification | Generic KYC processes not specifically built around UAE documents | KYC designed around Emirates ID and UAE residency |
| Vaulting & insurance | Vaulting and insurance details often buried in the fine print | Vault location, insurance, and redemption terms stated upfront |
| Customer support | Support often routed through offshore teams | Dubai-based support team, available through the published support channels and service hours |
Built on real trust, not just a promise.
We looked closely at what separates the platforms people trust — from Dubai's own gold institutions to leading vaulted-metals apps. It comes down to the same few things, done properly:
Licensed
SIMODI GOLD FZCO is licensed by DMCC for its approved precious-metals trading activities under licence number DMCC-996420. SIMODI operates in accordance with applicable UAE Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) requirements.
Documented purity
Gold and silver are sourced from approved suppliers and recognised refiners. Product purity is supported by the applicable refinery documentation or assay certificate. Gold is stated as 999.9 fineness (99.99% pure). Customer ownership is recorded against pooled, physically backed precious-metal holdings; available physical products may carry refinery or assay documentation where applicable.
Insured, reconciled storage
Holdings are kept in professionally managed, high-security vaults. Precious metals held in storage are insured under applicable policy terms, limits and exclusions. Customer metal balances are reconciled against vaulted holdings under SIMODI's control framework.
Protected accounts
Data is protected using encryption in transit and appropriate access controls, and identity verification (KYC) helps protect every account.
What we stand for.
Security first
Your precious metals are held in insured vault storage under applicable policy terms, and your data is protected using encryption in transit and appropriate access controls.
Transparency
Live pricing, with the applicable buy/sell spread and any relevant provider, bank, conversion, fabrication, delivery, insurance, VAT or statutory charges displayed or disclosed under the applicable terms.
Accessibility
Purchases start from 0.5 gram of gold or 10 grams of silver, subject to the current app configuration and terms, so owning gold isn't reserved for those who can already afford a bar.
Customer focus
A Dubai-based team, support through our published channels and service hours, and a product shaped around how residents here actually buy.
Who Simodi is for.
- 01
First-time buyers
Taking their first step into gold.
- 02
Monthly buyers
Building a habit, a little at a time.
- 03
Parents
Setting aside gold and silver for their children.
- 04
Cash savers
Holding precious metals alongside cash, without storing gold themselves. Gold and silver prices can rise or fall; SIMODI does not guarantee profit or protection from loss.
- 05
Professionals
Adding physically backed precious metals to their savings.
In the heart of the UAE's gold trade.
SIMODI GOLD FZCO
1902, The Dome Tower, Cluster N, JLT, Dubai, UAE — registered in Jumeirah Lakes Towers, home to the DMCC and the heart of the UAE's gold trade.
Gold has anchored Dubai's markets for generations. Simodi makes it possible to hold your share of it: priced live, held in vaulted storage, with eligible physical redemption subject to our terms.
Ready to start your gold journey?
Buy and hold real, physically backed gold and silver with Simodi.