Open a RAKBANK Gold Account to start investing in gold. Benefit from easy conversions of balances to physical gold and secure investment options.

Gold Account: Buy & Invest In Gold Online | RAKBANK UAE

Gold Account

<ul>
<li>Customer must have an active RAKBANK Current or Savings Account</li>
</ul>

Gold Account - Other Requirements

Key Fact Statement

Service and Price Guide 

Terms and Conditions

Gold Account - Relevant links

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FAQ's - Item 8

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Gold Account - Gold Account

ACCOUNT FEATURES

Now buying, selling, or saving with gold is so easy, you can do it anytime and anywhere you like.

Build your savings in gold

Scan the QR code to download the app from the Apple App Store

Download the RAKBANK Mobile app!

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.

Scan the QR code to download the app from the Google Play Store

Standard Current Account - RakMobile

Bank on the go anytime, anywhere

<ul>
<li>The Bank may amend the features, fees, charges, terms &amp; conditions of the account with 60 days notice to you in advance.</li>
<li>Gold rates are based on market rates which are updated regularly, and will be applied for buying and selling gold. Hence, no notice period will apply.</li>
<li>If the transaction Account linked to the Gold Account is not used for a period of 1 year, it will be designated as inactive and you will not be able to transact unless activated again.</li>
</ul>

Gold Account - Key Terms and Conditions

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Saving in Digital Gold 

No min salary/income required

Account

Gold Account - Terms and Conditions Notification

Important Information 

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FAQs

FAQ's - Item 6

ELIGIBILITY & FEES

You’re a few minutes away from being financially secure! 

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Gold Account - Hero

Segment - Personal

Gold Account & Trading  - Fees

Fees

Call Me Back Option - Personal/Business start 3000

Submit your details and we’ll be in touch soon

Call me back

Gold - Benefit card(2) - Enjoy capital gains

Enjoy Capital Gains

Gold Account - Save regularly

You can easily save gold on a regular basis by setting up standing instructions with your Gold Account. This means you can automate your savings and not have to worry about remembering to put money aside for gold every month.

Save regularly

Physical gold custody charge if not collected from RAKBANK branch within 1 month* (per month)

Gold Account & Trading  -  Fees Item 1

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Buy / sell anytime through RAKBANK Digital Banking

Enjoy the convenience of buying and selling gold anytime, anywhere, with our Digital Banking platform. You have easy access and complete control over your Gold Account, and can make transactions at the click of a button. Whether you want to buy gold to add to your portfolio, or sell to enjoy capital gains after an appreciation in gold price, RAKBANK Digital Banking makes it simple and hassle-free. *Gold buy or sell transactions may be unavailable on weekends and bank holidays.

Gold - benefit Card(1)

Buy / sell anytime through RAKBANK Digital Banking*

AED 50,000-above

Gold Account & Trading - Fees

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<ul>
<li>UAE residents and non-residents</li>
</ul>

Gold Account - Residency

Personal - Apply From RakMobile

Download the RAKBANK app and apply instantly

Not a RAKBANK customer?

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Conventional

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FAQ's - Item 1

Buy / sell gold digitally

Available in XAU

Gold Account - Buy gold digitally

Saving in gold is now easier than ever. You can buy gold at a competitive price through our Digital Banking facilities.
 
*Gold buy or sell transactions may be unavailable on weekends and bank holidays.

Buy gold digitally

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Which account is best for you? 

Gold Account - Eligibility

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Eligibility

You can apply for this product using <a href="https://rakbankonline.ae/Digital/AuthenticationController?FORMSGROUP_ID__=AuthenticationFG&amp;__START_TRAN_FLAG__=Y&amp;__FG_BUTTONS__=LOAD&amp;ACTION.LOAD=Y&amp;AuthenticationFG.LOGIN_FLAG=1&amp;BANK_ID=RAK&amp;USER_TYPE=1" target="_blank" rel="noopener">RAKBANK Digital Banking</a>. Here are the steps: 1.Go to&nbsp;<a href="http://www.rakbank.ae/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=http://www.rakbank.ae&amp;source=gmail&amp;ust=1687508562826000&amp;usg=AOvVaw02TXDJiNUympHIWw84JK-0">www.rakbank.ae</a> 2.Select the &ldquo;Business&rdquo; from Digital Banking login type 3.Login using your Username &amp; Password 4.Click on "Discover &amp; Apply" 5.Select the desired product

Business - Apply through Digital Banking

Log in to RAKBANK Digital Banking and apply instantly

Apply through Digital Banking

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Gold Account - Terms and Conditions

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FAQ's - Item 2

For UAE residents & non-residents

Offered to both residents and non-residents

AED 20,000-49,999

Gold Account - We’re here to help

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Applicable redemption fees for physical gold are as per the Gold Account <a title="Service and Price Guide" href="/globalassets/rakbank/all-pdfs/001---service-and-price-guides/bilingual/004-j00183-sp-goldaccount.pdf" target="_blank" rel="noopener">Service and Price Guide</a>. In addition, there may be standard fees which apply.
 *Fees are inclusive of VAT at the current rate of 5%, as applicable under UAE law.&nbsp;

Gold Account - Fees

Gold - Benefit card(1) - Buy / sell anytime through RAKBANK Digital Banking

FAQ's - Item 5

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Which account is the best one?

Gold - Benefit card(3) - Competitive pricing

Competitive pricing

FAQ's - Item 4

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Gold Account - Enjoy exclusive benefits with your Gold Account

Benefits

Enjoy exclusive benefits with your Gold Account

Gold Account - FAQ's

FAQ Accordion Items

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Chat with an agent

Find answers to our most commonly asked questions, all in one place.

FAQ’s Help Card

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Rewards

Withdrawal restriction: A penalty interest of 2% per annum is applied for premature withdrawal

Gold Account & Trading

Gold Account - Option to save in grams

Our Gold Account provides you with the option to save in grams from as low as 1 gram to start. This means you can easily build savings in gold without having to purchase a large amount at once. It's as simple as that!

Start from 1 gram

Option to save in grams

FAQ's - Item 3

You are required to:
<ul>
<li style="font-weight: 400;" aria-level="1">Review this document and all other terms &amp; conditions set out in the application form in detail;</li>
<li style="font-weight: 400;" aria-level="1">Regularly check our website www.rakbank.ae for updates;</li>
<li style="font-weight: 400;" aria-level="1">Notify the Bank in writing if there is a change in your employment or income details, contact details, residential status, identification details, financial details or any other material information as declared in the application form; and</li>
<li style="font-weight: 400;" aria-level="1">Always safeguard sensitive banking details such as your Account number, chequebook, Debit Card, login ID, passwords, PIN, etc.</li>
</ul>

Gold Account - Customer Obligations

Gold Account - Terms And Conditions

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There is no specific fee for buying and selling gold using a RAKBANK Gold Account.
However, the purchase and sale of gold will be based on the bank's prevailing real time gold buying and selling rates at the time of performing the transaction.

Gold - benefit Card(3) - Competitive pricing

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Min age 18 years old

Scan the QR code to download the RAKBANK app from the Apple App Store

Download the RAKBANK App!

Discover the Rakbank App and enjoy digital banking designed to fit your day. Manage your accounts, make secure transactions, and access smart features all in one simple, easy-to-use app

RAKBANK mobile and digital banking features enabling customers to bank anytime, anywhere

Global - RAKBANK APP- Personal

Bank on the go, anytime, anywhere

As gold's value rises, so does your chance to reap the rewards of captivating capital gains. Unleash the potential of growing wealth, where each appreciation in gold's price paints a brighter future for your financial success.

Gold - benefit Card(2) - Enjoy capital gains

Enjoy capital gains

Dedicated branch for redemption of physical gold

Possibility to make transactions at branch

Additional funding account required

FAQ's - Item 7

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AED 3,000-19,999

<ul>
<li style="font-weight: 400;" aria-level="1">RAKBANK's prevailing gold rate is subject to market price fluctuations and customer may lose value of the purchased gold if the sell rate goes below buy rate.</li>
<li style="font-weight: 400;" aria-level="1">The Bank may close the Account if KYC or identification documents are not updated regularly, or if required as internal policies or upon request from regulatory judiciary / entities.</li>
</ul>