Gold prices drop by 70 piasters per gram 21-karat gold reaches 95.10 dinars on Monday

Local gold markets witnessed a notable decline in prices on Monday, with the price of one gram falling by 70 piasters, according to the daily pricing issued by the General Association of Goldsmiths and Jewellery Shops. This movement brought relative calm back to the market after a period of fluctuation.

21-karat gold, the most in demand among citizens, recorded a selling price of 95.10 dinars per gram in jewellery shops, compared to 90.60 dinars for buying, reflecting the usual difference between selling and buying prices in the local market.

Meanwhile, 24-karat gold, considered the purest, reached a selling price of 109.10 dinars per gram, maintaining its position as a preferred investment option for those seeking long-term savings in the precious metal.

In the same context, 18-karat gold recorded a selling price of 84.30 dinars per gram, making it a more common choice in some lighter and modern gold jewellery pieces.

Amid this noticeable decline in prices, citizens are closely watching market movements in the coming days, with questions raised over whether this drop will continue or remain a temporary phase in the volatile path of local and global gold prices.