Gold in Bahrain steadies near $4,500
The article discusses the stability of gold prices in Bahrain during Thursday, August 20, 2026. Prices remained high and are directly linked to global prices, which hover around $4,485 per ounce, with a limited difference of about $3 in the local market. The price of 24-karat gold per gram reached approximately 54.83 Bahraini dinars ($144.28), while 21-karat recorded 47.97 dinars (around $12.65). The market price for an ounce in Bahrain stood at $4,487.72, slightly above the global rate. The recent rise in gold prices reflects the recent decline of the dollar and falling U.S. bond yields. The local market remains closely connected to international gold markets, with gold prices near their highest levels in two months, supported by expectations of declining inflation and increased demand for safe-haven assets.
Notice: This Is an AI-Generated Summary
Comments (0)