Gold prices witness fluctuation

21-karat gold reached 97.6 dinars on Monday

Gold prices in the local market recorded a new decline on Monday across different carats, in a downward wave that directly affected both selling and buying prices, according to the pricing issued by the General Association of Owners of Jewelry and Goldsmith Shops.

This decline placed the price of one gram of 21-karat gold, the most widely traded among citizens, at 97.6 dinars, compared to 98.4 dinars on Sunday, a decrease of 0.8 dinars, while the buying price fell to 93.3 dinars instead of 94.2 dinars.

Price fluctuation

The decline was not limited to the most in-demand carat, as 24-karat gold also fell, with the selling price dropping to 111.7 dinars after it was 112.6 dinars, a decrease of 0.9 dinars, while the buying price reached 107.5 dinars compared to 108.4 dinars.

Similarly, 18-karat gold declined, with its selling price dropping to 86.3 dinars instead of 87.1 dinars, a decrease of 0.8 dinars, while the buying price reached 79.5 dinars compared to 80.2 dinars.

As for 14-karat gold, it also recorded a milder decline, with the selling price dropping to 67.7 dinars compared to 68.1 dinars, a decrease of 0.4 dinars, while the buying price reached 59.3 dinars instead of 59.8 dinars.

This decline reflects a state of fluctuation in local gold prices, amid close monitoring by citizens and traders of market movements and the impact of global prices on the local market.