Gold Price in Kuwait

Below you can find the prices of gold in Kuwait for today 1 January 2025:

Kuwait Gold Rate Today 1 January 2025

The following table shows gold prices today 1 January 2025 in the State of Kuwait:

Kuwait Gold Rate Trend in Last 90 Days

The following table shows gold prices in Kuwait during the last 90 days before 1 January 2025:

Kuwait Gold Rate Last Week

To know the gold prices in Kuwait during the last week from 1 January 2025, you can see the following table:

Gold Price in Kuwait History

To know the history of gold prices in Kuwait during the last days, you can see the following table:

Kuwait Gold Price (KWD) for Today 1 January 2025

The following table shows gold prices in Kuwait for today 1 January 2025:

24 Carat Gold Price Per Gram in Kuwait (KWD) Today 1 January 2025

24 carat gold prices in Kuwait are 25.989 KWD per 1 Gram according to today 1 January 2025 prices:

22 Carat Gold Price Per Gram in Kuwait (KWD) Today 1 January 2025

22 carat gold prices in Kuwait are 25.98923.84622.76319.512808.361 KWD per 1 Gram according to today 1 January 2025 prices:

21 Carat Gold Price Per Gram in Kuwait (KWD) Today 1 January 2025

21 carat gold prices in Kuwait are 25.98923.84622.76319.512808.361 KWD per 1 Gram according to today 1 January 2025 prices:

18 Carat Gold Price Per Gram in Kuwait (KWD) Today 1 January 2025

18 carat gold prices in Kuwait are 19.512 KWD per 1 Gram according to today 1 January 2025 prices:

The relationship between carat and gold purity

Carat refers to the degree of purity of gold, which means that the degree of purity increases when the carat is higher, while the percentage of impurities such as copper and others is higher in the lower carat, which directly affects prices, and leads to a higher price for 24 carat compared to 22 carat, 21 carat, or 18 carat.

Factors affecting gold prices in Kuwait

The following list shows several factors affecting gold prices in Kuwait:

• Global Demand: If global demand for gold increases, it directly leads to higher prices, while gold prices decrease as demand decreases.
• Production Quantities: As global gold production increases, prices fall, because the quantities available in the market become larger than the quantities demanded.
• Inflation Rate: If inflation increases, this leads to a decrease in the value of the currency, which directly affects gold prices against it.
• Currency Strength: As the currency strength increases, gold prices fall against it, while gold prices rise when the currency strength decreases.
• Interest Rate: The interest rate affects inflation and currency prices, which directly affects the value of the currency against gold.

Reasons for the decline in gold prices in Kuwait

There are several reasons that lead to a decrease in gold prices in Kuwait, but the most prominent is the increase in supply compared to demand as a result of investors shifting from this sector to other sectors. Other reasons that lead to a decrease in prices include: an increase in interest rates, a decrease in inflation, and an increase in the strength of the currency.

How to determine gold prices in Kuwait

Gold prices in Kuwait can be determined by following the following tips:

• Using the Ministry of Commerce and Industry website: The Ministry of Commerce and Industry in Kuwait announces the official prices for buying and selling gold daily, and prices can be checked by visiting the website.
• Inquiry from a store: All people in Kuwait can go to one of the stores licensed to buy and sell gold to inquire about and check daily prices.
• Review global prices: There is no doubt that gold prices in Kuwait reflect global changes, and monitoring global prices can provide an indication of the price within the State of Kuwait.

Best Places to Buy Gold in Kuwait

There are many places to buy gold in Kuwait, including both gold bullion and jewelry. All citizens, residents and visitors should choose reliable places licensed by the relevant authorities to avoid fraud and deception. The following are the best places to buy gold in Kuwait:

Buy Gold at FK Jewellers in Kuwait

FK Jewellers offers gold bullion and jewelry sales services through two branches, one located in Al-Watiya Market and the other in Al-Mubarakiya. It is keen to provide all types of gold jewelry, including bracelets, chains, and others. It also provides diamond and silver jewelry and some precious stones as well.

Buy Gold at Bullion and lira group in Kuwait

As its name suggests, Bullion and Lira Group stores in Kuwait provide gold coins and bullion in various shapes and types, along with a large number of jewelry that suits all tastes of citizens, residents and visitors. It is keen to provide buying and selling services and complete transactions over the Internet.

Buy Gold at Dar Al-Sabaek in Kuwait

There are several branches of Dar-Alsabaek in Kuwait. It is one of the licensed institutions that sell gold bullion and coins in addition to selling jewelry of all shapes and types. Through its website, you can find out all the daily prices of all the gold products it provides.

Tips for buying gold in Kuwait

Below is a list of several tips for buying gold in Kuwait:

• Go to a licensed store: All those wishing to buy gold in Kuwait must go to a store licensed by the Ministry of Commerce and Industry, and must choose a reliable store with a good reputation to avoid falling into fraud and deception.
• Check additional fees: Some additional fees are imposed on gold jewelry that requires a lot of work in its formulation, and those wishing to buy must check these fees before completing the transactions.
• Check the gold piece: A person must ensure the authenticity of the gold piece and that it is not a counterfeit piece before completing the purchase transactions, and this is done through the seal and other signs and other characteristics that gold has.
• Consult a specialist: It is possible to consult a specialist when going to buy gold pieces and jewelry to ensure that the transactions are completed at the best possible value and without falling into any fraud and deception.

Things to Consider Before Buying Gold in Kuwait

All those wishing to buy gold in Kuwait must consider the following things:

• Knowing today’s gold prices: A person must know the gold prices during the day he wants to buy, because gold prices vary continuously from one day to another, and the official prices are announced daily by the Ministry of Commerce and Industry in Kuwait.
• Determine the reason for buying gold: Some people buy gold for decoration, while others prefer to buy for investment, and the reason for buying must be determined to choose the appropriate gold pieces; Jewelry is suitable for decoration, but bullion is suitable for investment purposes.
• Monitoring gold prices: It is good to monitor gold prices continuously to choose the time when the value is the lowest possible when buying and avoid buying at times when gold prices are high.

Tips to spot fake gold in Kuwait before buying

Here are some ways to check for real gold before making purchases:

• Using a water jug: Gold has a high density, which means that it sinks when placed in water, so you can use a jug to fill it with water and then put the gold inside to check whether it sinks or not; if it does not sink, it indicates that it is fake.
• Putting vinegar on gold: Fake gold usually changes color after a few minutes of putting vinegar on it, unlike real gold that can maintain its original color, which means that vinegar can be put on the gold and then left for several minutes to check its color.
• Searching for the hallmark: Genuine gold jewelry pieces have a hallmark that includes the purity percentage, and can be relied upon to verify whether the gold is genuine or if the piece of jewelry is just a fake.
• Looking for noticeable color changes: One should examine the areas of gold that are subject to frequent friction to ensure any color changes; fake gold erodes over time and then the color of the original metal underneath appears.
• Noticing a change in skin color: Sometimes the skin color changes when wearing fake jewelry with sweat and various secretions, while real gold does not dissolve on the skin and does not lead to a change in its color like fake gold.
• Using a strong magnet: A magnet cannot attract gold, and if the jewelry is attracted to the magnet when exposed to it, this means that it is fake jewelry and is not made of real gold.
• Checking the density: In this method, you must first know the density of the gold, then put the piece in water to know its size, and put it on the scale to check its weight; if the two densities are identical, this means that the gold is genuine.

Tips for selling gold in Kuwait

To complete your gold sales transactions in the best possible way, here are some tips to consider:

• Waiting for prices to rise: It is necessary to wait for prices to rise when you want to sell gold, so that the seller gets the highest value of money for the gold pieces he owns.
• Knowing fraud methods: It is necessary to know all fraud methods related to buying and selling gold before completing sales transactions, in order to avoid falling into any fraudulent and deceptive operations.
• Collecting the price at the same time: Those wishing to sell gold jewelry must collect the price at the same time, so that the seller avoids the buyer escaping or evading paying the value of the gold.
• Cleaning jewelry and gold pieces: Gold pieces and jewelry look more beautiful and elegant when they are clean, which increases their value compared to pieces that look worn and old, so it was necessary to clean the gold before selling it.
• Bringing invoices: The person who wants to sell gold in Kuwait must bring a personal ID and invoices that prove that he purchased these gold pieces and actually owns them.