Political tensions cast their shadow over gold prices21-carat gold reached 97 dinars on Saturday

Local gold markets witnessed a noticeable rise in prices on Saturday amid a state of public anticipation and questions about the future direction of the yellow metal, as ongoing political and economic tensions at both regional and international levels directly impacted supply and demand dynamics in the markets.

According to the General Syndicate of Owners of Jewellery and Goldsmith Shops, the selling price of one gram of 21-carat gold in the local market reached 97 dinars in retail shops, compared to 92.60 dinars for buying, reflecting continued fluctuations in recent prices.

Other categories also recorded a notable increase, with the price of 24-carat gold reaching about 110.90 dinars per gram, while 18-carat reached 85.80 dinars and 14-carat reached 67.10 dinars, confirming that the upward trend affected all segments without exception.

Unstable conditionsThis rise comes amid unstable global conditions influenced by fluctuations in international markets, interest rates, and the US dollar movement, in addition to ongoing political developments that typically drive investors toward gold as a safe haven, increasing caution among citizens in buying and selling decisions during the current period.