Gold rates in Kuwait (سعر الذهب في الكويت)

Gold rates in Kuwait are directly related to the international market. The change in prices of this precious metal in developed countries such as the United States and Europe may decrease or increase the gold rates in Kuwait. So, all goldsmiths need to know the current gold rate in Kuwait. 

Here is the chart of Today Gold rate in Kuwait (في هذه التدوينة سنخبركم بأحدث أسعار الذهب في الكويت)

Weight of gold	18K gold rate in Kuwait(سعر الذهب ثمانية عشر قيراطا)	21K gold rate in Kuwait(سعر الواحد والعشرين قيراط من الذهب)	22K gold rate in Kuwait(سعر اثنين وعشرين قيراطا من الذهب)	24K gold rate in Kuwait(سعر الذهب بأربعة وعشرين قيراطا)
1 gram gold rate (سعر جرام الذهب الواحد)
2 gram gold rate(سعر جرامين من الذهب)
8 gram gold rate(سعر ثمانية جرامات من الذهب)
10 gram gold rate(سعر 10 جرام ذهب)
1 tola gold rate(سعر تولة واحدة من الذهب)

Investments in gold are widespread because of the lower level of risk in this business. However, the successful trader is the one who is aware of the latest gold rates on a daily basis. We are pleased to provide our visitors with timely information on current gold rates. 

Wise people are involved in the gold business because they know that its price in the market is always going up. There is zero percent risk of loss.

Also, Check the Gold Rates in Kuwait and also some other Following Countries of the Gulf

Timely awareness of rates is the key to success in any business. Its importance increases even more in the gold company. For successful gold entrepreneurs, we have created this website to keep them informed about the latest gold prices in Kuwait.

Factors that affect the Gold rates in Kuwait (العوامل التي تؤثر على أسعار الذهب في الكويت)

Like other countries in the Middle East, gold prices in Kuwait depend on various factors. The most important factors among them are geopolitical stability, US dollar value, inflation and interest rates globally and locally. 

Global Factors (العوامل العالمية)

International Gold Market Trends (اتجاهات سوق الذهب الدولية)

International gold supply and demand influences gold prices. In any major market, the demand and supply of gold from the central bank and the investor have an impact on its cost. 

Interest Rate and Inflation (سعر الفائدة والتضخم)

Gold prices tend to increase in the context of inflation. This is why people buy gold as a substitute when the currency depreciates. The cost of gold is always rising. A decrease in its peaks is seen very rarely.

Interest Rate in US Federal Reserve (سعر الفائدة في الاحتياطي الفيدرالي الأمريكي)

Interest rates at the US Federal Reserve also affect gold prices in Kuwait. As soon as the US Federal Reserve raises interest rates, gold prices in Kuwait rise. 

Geopolitical instability (عدم الاستقرار الجيوسياسي)

Investors always consider their investment in gold safe in a situation like political uncertainty. In case of trade disputes and war, gold prices are likely to increase. 

International Economic Impact (التأثير الاقتصادي الدولي)

Many national and international economic indicators, such as GDP rates, employment opportunities, and manufacturing capacity, have an impact on gold prices.

US Dollar Value Impact (تأثير قيمة الدولار الأمريكي)

Fluctuations in the price of gold in the international market are due to the rise or fall of the value of the US Dollar. It means that an increase in the value of the dollar increases the value of gold in other currencies. Obviously, an increase in the price of a commodity reduces its demand.

Local Factors  (العوامل المحلية)

Middle East or Gulf Political Impact (الشرق الأوسط أو التأثير السياسي في الخليج)

All the political, economic and diplomatic relations of the Gulf have negative or positive effects on the price of gold in Kuwait. If all these things are moving in the right direction, then there is a positive impact on the prices; otherwise, there may be uncertainty in the prices.

Crude Oil Prices (أسعار النفط الخام)

Kuwait’s economy runs purely on oil. Therefore, the decrease or increase in oil prices affects the entire economy of the country. 

Local Demand and Supply of Gold (الطلب المحلي والعرض من الذهب)

The ratio of demand and supply of gold at the local level affects its prices. These are the two main factors that attract investors to the gold business. Somehow, the gold business is not risky. 

Import Duties and Regulation (رسوم الاستيراد والتنظيم)

Import duties, taxes and government reforms and regulations affect the gold business in the local market.  Due to changes in these factors, gold prices have to be readjusted at the local level.

Kuwait Dinar EXchange Rate KWD (سعر صرف الدينار الكويتي)

Gold prices are denominated in US dollars, so whenever the value of the Kuwaiti dollar increases, gold rates in Kuwait decrease. On the contrary, if the value of the local currency decreases, the value of gold in every city in Kuwait immediately increases.

History of One Month Gold Rates in Kuwait 

(هذا الرسم البياني يحتوي على سعر الذهب في الكويت لمدة شهر كامل)

18 carat gold rate in KWD /1g	21 carat gold rate in KWD/1g	22 carat gold rate in KWD/1g	24 carat gold rate in KWD/1g	Date
18.08	21.10	22.10	23.45	02/06/2024
18.08	21.10	22.10	23.45	01/06/2024
18.29	21.33	22.35	23.65	31/05/2024
18.29	21.33	22.35	23.65	30/05/2024
18.33	21.38	22.40	23.70	29/05/2024
18.25	21.29	22.30	23.60	28/05/2024
18.20	21.24	22.25	23.60	27/05/2024
18.20	21.24	22.25	23.60	26/05/2024
18.20	21.24	22.25	23.60	25/05/2024
18.20	21.24	22.25	23.60	24/05/2024
18.41	21.48	22.50	23.85	23/05/2024
18.78	21.91	22.95	24.35	22/05/2024
18.82	21.95	23.00	24.40	21/05/2024
19.02	22.19	23.25	24.65	20/05/2024
18.78	21.91	22.95	24.35	19/05/2024
18.78	21.91	22.95	24.35	18/05/2024
18.57	21.67	22.70	24.10	17/05/2024
18.57	21.67	22.70	24.10	16/05/2024
18.45	21.53	22.55	23.95	15/05/2024
18.20	21.24	22.25	23.60	14/05/2024
18.33	21.38	22.40	23.75	13/05/2024
18.45	21.53	22.55	23.90	12/05/2024
18.45	21.53	22.55	23.90	11/05/2024
18.45	21.53	22.55	23.90	10/05/2024
18.04	21.05	22.05	23.35	09/05/2024
18.04	21.05	22.05	23.35	08/05/2024
18.04	21.05	22.05	23.35	07/05/2024
18.04	21.05	22.05	23.35	06/05/2024
17.92	20.90	21.90	23.25	05/05/2024

Conclusion

Gold is a rare metal used for jewellery. It is the symbol of wealth for investors and attracts their sentiment. It is most durable with its beautiful bright yellow colour and easy-to-reshape jewellery.  This website provides the latest gold rates for the Gulf region. This artilce is completely about the gold rates in Kuwait.