12 Hrs
Source:
البلاد
Global ounce decline affects Bahrain gold prices
The global ounce price of gold decreased by $11.90, reaching $4,273.69, which directly led to a drop in gold prices in the Bahraini market. The price of 24-karat gold per gram now stands at approximately 52.21 Bahraini Dinars, clearly reflecting the local market’s dependence on global fluctuations. The relationship between the international price and the global economic situation remains crucial in shaping local market trends, and the decline in the ounce price impacts the cost of gold jewelry, which is also influenced by manufacturing expenses and profit margins. The Bahraini market remains sensitive to international price developments, although the stability of the Bahraini Dinar against the dollar supports the stability of price movements.
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