Gold prices have been in continuous decline during the current period 21-karat gold reached 91.4 dinars on Saturday morning

Gold prices have witnessed a clear and noticeable decline during the current period, after recently reaching record levels, reflecting a market correction following the previous wave of increases.

According to the bulletin issued by the General Association of Owners of Jewelry and Goldsmith Shops, the selling price of one gram of 21-karat gold in the local market on Saturday morning reached 91.4 dinars, compared to 87 dinars for buying, indicating a relative decrease in prices compared to the previous period.

Fluctuations in the gold market The bulletin also showed that the prices of other karats recorded varying levels; the price of one gram of 24-karat gold reached about 104.6 dinars, while 18-karat gold reached 81 dinars, and 14-karat gold reached 63.5 dinars for selling at jewelry shops.

This decline comes amid fluctuations in global gold markets, which directly reflect on local prices, while traders await where prices will head in the coming period, especially after the wave of increases that pushed the yellow metal to historic highs.