Friday, 11 October 2024, 4:25 PM
Gold Unit | Kuwaiti Dinar | U.S. Dollar |
---|---|---|
Gold Ounce | 815.29 | 2,659.57 |
Gold Gram Karat 24k | 26.22 | 85.52 |
Gold Gram Karat 22k | 24.01 | 78.33 |
Gold Gram Karat 21k | 22.94 | 74.83 |
Gold Gram Karat 18k | 19.66 | 64.14 |
Gold Gram Karat 14k | 15.34 | 50.03 |
Gold Gram Karat 12k | 13.11 | 42.76 |
Gold Gram Karat 10k | 10.93 | 35.66 |
Gold Gram Karat 9k | 9.83 | 32.07 |
Gold Gram Karat 8k | 8.73 | 28.48 |
In Kuwait, gold jewelry is a popular choice, with various karat options available in the market. The most commonly used gold karats, sorted from the highest to the lowest in popularity, include 22K, 18K, and 24K.
The 22K gold is the most favored because it offers a balance between purity and durability, making it ideal for intricate jewelry designs. Its rich yellow color is highly sought after, and it is commonly used for traditional Kuwaiti jewelry.
Following closely is 18K gold, which comprises 75% pure gold and 25% alloy metals. This type is appreciated for its strength and varied colors, such as yellow, white, and rose gold, which add versatility to jewelry pieces.
Finally, 24K gold represents the highest purity but is less common for daily wear due to its softness. It is often used for investment purposes or ceremonial items rather than everyday jewelry, making it the least common choice in Kuwait.
In Kuwait, the price of gold is primarily influenced by the global market, with fluctuations in supply and demand playing a significant role. The international gold prices are determined on major exchanges, notably the London Bullion Market and the New York Mercantile Exchange. Local dealers in Kuwait base their pricing on these global rates, often adding a premium for local market dynamics.
Additionally, currency fluctuations can impact gold prices. Since gold is traded in US dollars, any change in the dollar's strength against the Kuwaiti dinar can lead to variations in pricing. For instance, if the dollar strengthens, gold prices in dinar may decrease, and vice versa.
Local factors also come into play; these include import duties, taxes, and operational costs incurred by jewelers and retailers. As a result, consumers in Kuwait may notice minor differences in gold prices between various outlets.
Finally, seasonal demand trends, cultural events, and economic conditions can also influence local prices. Overall, the gold price in Kuwait reflects a combination of these global and local factors.
The gold market in Kuwait, like many global markets, is influenced by various economic factors, geopolitical tensions, and currency fluctuations. Analysts predict that gold prices may experience volatility in the coming months due to persistent inflation concerns and the potential for interest rate changes. Strong demand from consumers, particularly during festive seasons and weddings, could also drive gold prices higher in Kuwait.
Global economic uncertainties are expected to play a significant role in shaping the market. If the global economy continues to show signs of instability, investors may turn to gold as a safe-haven asset, further increasing demand and prices. Additionally, the value of the Kuwaiti Dinar against the US Dollar may impact local gold prices, as gold is globally priced in dollars.
Experts believe that if prices break above key resistance levels, there could be a sharp uptick in local buying activity. Conversely, should strong economic indicators emerge, there may be downward pressure on prices. Overall, market participants are advised to stay informed on both local and international developments that could influence gold pricing trends in Kuwait.
Date | Gold Ounce | Gold Gram Karat 24 | Gold Gram Karat 22 | Gold Gram Karat 21 | Gold Gram Karat 18 | Gold Gram Karat 14 |
---|---|---|---|---|---|---|
10 October 2024 | 800.57 | 25.74 | 23.59 | 22.52 | 19.30 | 15.02 |
9 October 2024 | 802.67 | 25.81 | 23.66 | 22.58 | 19.35 | 15.06 |
8 October 2024 | 810.59 | 26.06 | 23.89 | 22.80 | 19.54 | 15.21 |
7 October 2024 | 810.40 | 26.06 | 23.88 | 22.80 | 19.54 | 15.20 |
6 October 2024 | 812.55 | 26.13 | 23.95 | 22.86 | 19.59 | 15.24 |
5 October 2024 | 812.55 | 26.13 | 23.95 | 22.86 | 19.59 | 15.24 |
4 October 2024 | 815.79 | 26.23 | 24.04 | 22.95 | 19.67 | 15.31 |
3 October 2024 | 811.25 | 26.09 | 23.91 | 22.82 | 19.56 | 15.22 |
2 October 2024 | 810.56 | 26.06 | 23.89 | 22.80 | 19.54 | 15.21 |
1 October 2024 | 806.07 | 25.92 | 23.76 | 22.67 | 19.43 | 15.12 |
30 September 2024 | 811.20 | 26.08 | 23.91 | 22.82 | 19.56 | 15.22 |
29 September 2024 | 809.05 | 26.01 | 23.84 | 22.76 | 19.50 | 15.18 |
28 September 2024 | 809.05 | 26.01 | 23.84 | 22.76 | 19.50 | 15.18 |
27 September 2024 | 816.18 | 26.24 | 24.05 | 22.96 | 19.68 | 15.31 |
26 September 2024 | 811.76 | 26.10 | 23.92 | 22.83 | 19.57 | 15.23 |
25 September 2024 | 811.38 | 26.09 | 23.91 | 22.82 | 19.56 | 15.22 |
24 September 2024 | 805.09 | 25.89 | 23.73 | 22.65 | 19.41 | 15.10 |
23 September 2024 | 800.71 | 25.75 | 23.60 | 22.52 | 19.30 | 15.02 |
22 September 2024 | 800.71 | 25.75 | 23.60 | 22.52 | 19.30 | 15.02 |
21 September 2024 | 800.71 | 25.75 | 23.60 | 22.52 | 19.30 | 15.02 |
20 September 2024 | 789.77 | 25.39 | 23.28 | 22.22 | 19.04 | 14.82 |
19 September 2024 | 781.97 | 25.14 | 23.05 | 22.00 | 18.85 | 14.67 |
18 September 2024 | 781.81 | 25.14 | 23.04 | 21.99 | 18.85 | 14.67 |
17 September 2024 | 785.95 | 25.27 | 23.16 | 22.11 | 18.95 | 14.75 |
16 September 2024 | 788.79 | 25.36 | 23.25 | 22.19 | 19.02 | 14.80 |
15 September 2024 | 788.79 | 25.36 | 23.25 | 22.19 | 19.02 | 14.80 |
14 September 2024 | 788.79 | 25.36 | 23.25 | 22.19 | 19.02 | 14.80 |
13 September 2024 | 784.73 | 25.23 | 23.13 | 22.07 | 18.92 | 14.72 |
12 September 2024 | 769.85 | 24.75 | 22.69 | 21.66 | 18.56 | 14.44 |
11 September 2024 | 768.79 | 24.72 | 22.66 | 21.63 | 18.53 | 14.42 |