Is there any way to preserve XMP metadata after conversion of a "tif" file into "jpg" using convert command ?

Issue

• When trying to convert a .tif image into .jpg by using custom script, convert command does not preserve XMP metadata properly on the .jpg file after conversion.
• Here is the sample script being used for conversion:

SAMPLE SCRIPT:

  $ cat sampleconversionscript
  #!/bin/bash
  # Uses ImageMagick convert utility to convert an input file (must be supported by ImageMagick)
  # to a fixed-500px-width jpeg.  The [0] indicates to take the top (zero-th) layer
  # in a PSD file.  If the file is not a PSD, the [0] is disregarded.
  # Quality of JPEG compression is at 40% per specification.
  rm final.jpg
  nice convert $1[0] -resize 500 -quality 40 +profile !xmp,0 final.jpg