A member in the UAE asked whether they could sell gold, get a jeweler's receipt, and have the jeweler transfer the sale proceeds into the applicant's account from the jewelry shop's business account, to use as proof of funds.
What the thread clarified:- Which specific program you're applying for matters a lot for this question. If it's for SINP specifically, deposits made less than 3 months after your Invitation to Apply (ITA) are not accepted — so timing your gold-sale deposit correctly (well before or clearly outside that 3-month window) is essential if SINP applies to you.
- Having a jewelry shop's business account transfer funds to you (rather than a personal account) is an unusual arrangement that a jeweler may be reluctant to do, and even if they agree, it can complicate how the deposit is interpreted by whichever program you're applying under.
- A gift from a parent was raised as a simpler, cleaner alternative if the gold-sale-via-business-account route seems too complicated or risky.
The practical takeaway: if you're relying on gold-sale proceeds as proof of funds, first confirm which program you're applying under (SINP specifically restricts deposits made within 3 months of your ITA), and consider a simpler alternative like a parental gift if routing funds through a jeweler's business account seems complicated or risks raising questions.