Bhima Group Taps Monetary Metals for UAE Gold Inventory Lease

The partnership allows Bhima to manage inventory in physical gold ounces, a structure that removes the price volatility inherent in traditional debt financing. By integrating tracking technology from TJS Inc., the jeweler can maintain real-time oversight of assets while avoiding the capital constraints typically associated with outright gold purchases. For Monetary Metals, the deal reinforces its position as a primary financier for regional jewelry retailers, aiming to move idle gold into productive, yield-generating cycles.

Dr. B. Govindan, Chairman of the Bhima Group, described the arrangement as a landmark step for the company’s international growth. The jeweler, which has operated in the UAE since 2015, plans to use this initial phase as a springboard for further expansion across the Gulf Cooperation Council (GCC) region. Keith Weiner, CEO of Monetary Metals, emphasized that the model offers a stable alternative for the industry, enabling jewelers to access necessary stock while providing investors with a consistent, gold-denominated return.