The selling price of one gram of 21-carat gold reached 93.30 dinars Clear anticipation for the “yellow metal” in local markets

Gold prices in the local market witnessed a new decline on Monday, by half a dinar per gram, according to the daily pricing issued by the General Association of Owners of Jewelry and Gold Shops, reflecting the continued volatility dominating the market.

According to the pricing, the selling price of one gram of 21-carat gold—the most popular among citizens—reached 93.30 dinars for retail sale, compared to 88.90 dinars for buying, while 24-carat gold recorded 107.10 dinars per gram and 18-carat gold about 82.70 dinars.

Clear anticipation

This decline comes amid clear anticipation in local markets, as citizens closely monitor the movement of the “yellow metal,” in a cautious atmosphere regarding buying and selling decisions, especially since gold is considered a safe haven for savings and investment.

At the same time, this decline is reflected in purchasing activity at jewelry shops, where some consumers prefer to wait for price stability or further drops, while others seize the opportunity to buy at lower levels compared to previous days.

Market traders are also awaiting new signals that may reshape price trends in the coming days, amid ongoing global fluctuations, as well as changes in the dollar and interest rates, keeping the market in a state of uncertainty over potential sudden price movements.