A 60 piaster increase in the price of a gram Gold (21 karat) price reaches 98.1 dinars

Gold prices in the local market witnessed a new increase on Wednesday, adding further momentum to the ongoing upward trend, as the price of one gram of 21-karat gold rose by 60 piasters, according to the daily pricing issued by the General Syndicate of Owners of Jewelry and Goldsmith Shops.

The price of 21-karat gold, the most traded in the local market, recorded 98.1 dinars for selling and 93.8 dinars for buying, compared to Tuesday’s price of 97.5 dinars for selling and 93.2 dinars for buying, reflecting the continued upward trend.

The price of 24-karat gold also rose to 112.3 dinars for selling and 108.1 dinars for buying, compared to 111.6 dinars for selling and 107.4 dinars for buying the previous day, confirming a steady gradual increase.

18-karat gold recorded 86.8 dinars for selling and 80 dinars for buying, the same as Tuesday’s prices, while 14-karat stood at 67.9 dinars for selling and 59.6 dinars for buying with no notable change.

This continued rise reflects a state of anticipation in the local market, as traders closely monitor gold movements amid expectations of ongoing fluctuations in the coming days, driven by its direct link to global markets and the US dollar.

In this context, gold prices appear to be moving in a calm yet steady upward trajectory, as daily increases are no longer mere passing numbers but rather indicators of a rising wave gradually imposing itself on the market.

Observers note that the persistence of this upward trend may push more traders to reassess buying and selling decisions, especially amid global market uncertainty, making gold once again a safe haven that shines brighter with every new price surge.