Today Gold price in Kuwait on 1 March 2024 is KWD 235.99 per tola for 24 karats of the precious metal, while the Price per Gram is KWD 20.23 in the local bullion market. This is the latest Gold Rate in Kuwait for 24 karat as per different sources at the local bullion market.
Moreover, the specific information about the Gold price in Kuwait is outlined below. This encompasses the cost of the precious metal in both 24K and 22K variations, measured per gram, tola, and ounce.
Today the single tola of 24 Karat gold price is KWD 234.78 and there is only a slight variation of a few hundred rupees across cities. These rates change at least twice daily and the post is updated periodically.
Similarly, the Price of 22 karat Gold precious metal is KWD 215.53 per tola, while the per gram price is KWD 18.48 as per the bullion market.
Other Karats Gold Rate in Kuwait
The below table displays the prices of 6K, 10K, 14K, and 18K gold per gram and tola.
Tips for Buying Gold Jewellery
Below, we have shared some tips that you must check out before buying gold jewelry
1. Know the purity
Forget the softness of pure gold like playdough! It’s beautiful, but not exactly jewelry material. That’s where “karats” come in. Think of them as a strength potion: 24 Karat is pure gold, soft, and stunning, but 18 Karat or 22 Karat gold mixes in other metals for durability and everyday wear. These “mixtures” are called alloys, like adding pebbles to clay for cool sculptures. In Kuwait, 22K gold strikes a sweet spot, balancing bling with affordability. So, next time you see karat numbers, remember they’re the secret recipe for your perfect gold piece!
2. Making charges
So you’ve found the perfect gold piece, but wait! There’s another number on the tag – “making charges.” Don’t worry, it’s not magic. It simply covers the skilled craftsmanship that transforms raw gold into your desired treasure. Think of it as the artist’s fee for their creativity and expertise.
3. Man-made or Machine-Made?
Forget robots crafting with magic wands – machine-made ornaments often mean lower costs, thanks to automated processes. But wait! Don’t let the price tag blind you. Handmade ornaments often carry the invisible touch of time and care, each piece infused with the artist’s heart.
Ever wonder how jewelers price their gold treasures? It all boils down to two key ingredients: weight and purity. Think of it like baking a cake – the more batter (weight) and richer ingredients (purity), the higher the price. Just like in Kuwait, where 18 Karat gold costs 14.88 Kuwaiti Dinar per gram, the heavier and purer the gold, the more it’ll cost. So, next time you admire a sparkly piece, remember that weight and purity are the secret recipe behind its price tag!
5. Gold Rates
The gold rates are fixed daily and they fluctuate as per the market forces. It is the commonly agreed rate at which the gold is priced to be sold. Having an idea about the current gold rate in Kuwait in Kuwaiti Dinar (KWD) can help you determine the approx. The value you would be paying for a piece of particular Jewellery at the said purity and weight. The gold rates are usually displayed on monitors in the jewelry shops and are determined by the weight per gram.
6. Jewellery store
There are many jewelry shops available in the market, depending upon their collection, design, service, volume, and target audience different gold rates or gold prices are set and offered to customers. When it comes to buying, the designs, collections, and services offered are to be kept in mind. Many offer credit, installment payments, and customized jewelry.
Last 10 Days Gold Rate in Kuwait
The below table shows the last 10 day’s per-gram gold rates.
|1 March 2024
|29 February 2024
|28 February 2024
|27 February 2024
|26 February 2024
|25 February 2024
|24 February 2024
|23 February 2024
|22 February 2024
|21 February 2024
|20 February 2024
|19 February 2024
|18 February 2024
|17 February 2024
|16 February 2024
All these Gold prices in Kuwait are updated daily through the Official Kuwait Government website and Sometimes by local jewelers in Kuwait. As you know the price of gold changes continuously worldwide. So the price is not fixed. Here we have shared daily new gold prices.
If you are buying and selling gold then you can contact your local jeweller in Kuwait. These gold prices only have knowledge purposes not for trading purposes. Bookmark our website for daily updates of new gold rates.
If you have any suggestions or any business queries then you can contact me through the Contact Us page.
What is the retail market price of Gold in Kuwait today?
What was the price of Gold in Kuwait yesterday?
Yesterday gold rate in Kuwait was KWD 233.65 per tola of 24 karats, 22 karat gold rate in Kuwait Yesterday per tola is KWD 214.49, 18 karat gold rate in Kuwait Yesterday is KWD 175.43, and 14 karat gold rate in Kuwait per tola is KWD 136.84.
What were the highest and lowest 22 Karat Gold rates in Kuwait in the last 3 months?
Do you know, that the 22-karat gold rate in Kuwait in the last 3 months per gram is KWD 18.76, while the highest 22-karat market Gold rate in Kuwait per gram sold in 2023 is 20.50?
How does the gold rate in Kuwait compared to other countries?
It’s difficult to make a direct comparison of the gold rate in Kuwait to that of other countries as the price of gold can vary depending on several factors such as supply, market demand, inflation, currency exchange rates, local taxes, and others.
What factors influence the gold rate in Kuwait?
There can be many reasons for the change in gold prices in Kuwait such as the international market, supply, and demand, inflation, currency exchange rates, local taxes, and duties based on these factors affect the gold prices in Kuwait.
How do international events affect the gold rate in Kuwait?
International events can affect gold rates in Kuwait in several ways. Certain events, such as geopolitical tensions, economic uncertainty, and natural disasters, can cause investors to seek safe-haven assets such as gold, which increases demand for it and therefore its value. The price increases.
How is gold traded in Kuwait?
Gold is traded in Kuwait through various channels, including Physical Gold, Exchange-Traded Funds (ETFs), Futures Contracts, and Over-the-Counter (OTC) Markets.
What is the average price of gold in Kuwait?
The average price of gold in Kuwait varies depending on various factors such as global supply and demand, economic and political conditions, and currency exchange rates. In 2023 the average price of gold rate in Kuwait was 203.98 for 10 grams and KWD 237.94 for one tola.
What is the history of gold trading in Kuwait?
Gold trading has a long history in Kuwait, with evidence of gold mining and trade in the region dating back thousands of years. Throughout history, gold has been used as a store of value and a medium of exchange.