International News
DMCC unveils world’s largest silver bar – Guinness World Records recognizes 1,971kg asset
DMCC sets a global benchmark by unveiling the world’s largest silver bar and pioneering its tokenisation—merging precious metals, technology, and regulated digital innovation in a historic industry first.
DMCC has unveiled the world’s largest silver bar – a record-breaking 1,971kg asset officially recognised by Guinness World Records. Revealed at the Dubai Precious Metals Conference (DPMC), the bar commemorates the founding year of the United Arab Emirates, symbolising national ambition, craftsmanship and innovation.
As part of a landmark project involving DMCC and leading industry players, the bar is now set to be tokenised through DMCC’s Tradeflow platform, marking the first time a Guinness World Record precious metal bar will undergo tokenisation under a regulated framework.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “The 13th edition of the Dubai Precious Metals Conference has been marked by new records, highlighted by the unveiling of the world’s largest silver bar – a 1,971 kg, 1.3-metre-long bar that has set a Guinness World Record and honours the UAE’s ambition and craftsmanship. This initiative reflects DMCC’s broader mission to connect trade, commodities, finance and technology, demonstrating how physical assets can be digitised and accessed through trusted and transparent frameworks.”
The project brings together UAE-based precious metals refiner Sam Precious Metals, responsible for the bar’s production; Tokinvest, a VARA-regulated platform leading the digital tokenisation and issuance process; and Brink’s, which will oversee secure storage and logistics.
US spot Gold prices climbed above $4,250 early Monday, touching a six-week high as investors turned cautious ahead of the upcoming US ISM Manufacturing PMI release. The yellow metal is poised for further upside momentum if it secures a sustained daily close above the crucial $4,250 resistance level.
The US Dollar opened December on a softer note, pressured by rising expectations that the Federal Reserve may announce a rate cut next week. Growing market confidence in easing monetary conditions has boosted the appeal of non-yielding assets such as gold.
Analysts note that a decisive break and close above $4,250 could reinforce bullish sentiment and pave the way for an extended rally in the days ahead. As global markets await fresh cues from the US economic calendar, gold continues to benefit from a favorable macroeconomic backdrop and robust safe-haven demand.
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