Gold Rate in Kuwait 

26.14 Kuwaiti Dinar/1Gram 24K

Gold Rate in Kuwait 

Are you curious why the gold rate fluctuates? The gold rate in Kuwait has increased due to global cues. People are worried that the US Federal Reserve may raise interest rates more than expected. This has also increased the price of gold in every big city in Kuwait.

Today, the price of one tola of 24 karat gold in Kuwait is KWD 304.20, or USD 989.36, while the cost per gram is KWD 26.14. These rates can change at least once daily, and information about gold prices is updated regularly. 

Today Gold rate in Kuwait

26.14

Kuwaiti Dinar/1Gram 24K

Today Gold Rate in Kuwait

Get instant gold price updates with our Gold Rate Calculator. This easy tool gives you live updates, so you always have the latest and most accurate gold market info. Try it today!

Tips for Buying Gold in Kuwait

  • Check the gold price before going to the gold shop. You can check prices online or at the stores because different areas offer slightly changed gold rates in Kuwait.
  • When buying gold, inquire about karats, price, and making charges.
  • The purchase of gold from the Kuwait Ministry has been authenticated.
  • Never forget to take your receipt. It should include details such as your name, ID card number, weight of the jewelry, per-gram rate, making charges, and total cost.

Highest

Lowest

Date29-Nov-202402-Dec-2024
Rate
KWD 24.42
KWD 24.02

Highest

Lowest

Date04-Nov-202414-Nov-2024
Rate
KWD 24.99
KWD 23.40

Highest

Lowest

Date30-Oct-202409-Sep-2024
Rate
KWD 27.66
KWD 22.63

Gold Purity

The gold rate in Kuwait is determined by its purity. Gold is a very precious yellow ductile metal. Its purest form is 24 karat. Hence, making different shapes and designs from the purest form is impossible. Therefore, other metals are added to create designs and reshape them.

The purest form of gold is 24K, and other common purity forms are 22K, 21K, and 18K. If 24K is used, 21 parts gold and 3 parts another metal, most likely copper, are added. Other metals, like silver and zinc, are also used to tighten gold.

Gold Purity

Gold Making Charges

Charges are associated with gold quantity, quality, and design at current gold rates. This includes labor charges to complete the making process, and making charges are not fixed; they vary from process to process. Charges vary depending on the nature of the business, the local shop, or the jewelry brand. 

Gold Making Charges

Man-made or Machine-made

Man-made ornaments are considered to be more expensive than machine-made ones. The making charges for handmade ornaments are higher than those for machine-made ones. Before buying gold or jewelry, ensure its purity and origin, as accuracy and more care are taken in handmade items.

Man-made or Machine-made gold

Gold Weight

The price of gold jewelry depends on its purity and weight. Gold weight is measured in grams. Gold with more weight means it contains more gold, and its price will be higher as well. If the price of 1 gram is 17.87 KD, this price will be used to calculate the cost weight of the jewelry.

Gold Weight 

Jewellery Stores

Are you thinking about the most valuable and trendy jewelry designs? Arab countries have always been famous for gold and its purity. Kuwait is one of them; here you will find different brands and jewelry stores offering various designs and services. Some jewelry stores also offer custom designs, installments, and credit card payments. Some of the most popular and common jewelry stores in Kuwait are MALABAR, KALYAN, ATLAS, and JOYALUKKAS. 

Gold Jewellery Stores

Gold Prices

Are you thinking about the most valuable and trendy jewelry designs? Arab countries have always been famous for gold and its purity. Kuwait is one of them; here you will find different brands and jewelry stores offering various designs and services. Some jewelry stores also offer custom designs, installments, and credit card payments. Some of the most popular and common jewelry stores in Kuwait are MALABAR, KALYAN, ATLAS, and JOYALUKKAS. 

Gold Rates

Each karat of gold costs per gram in Kuwait today are:

  • 24K gold per gram price is 26.14 KWD.
  • 22K gold per gram price is 24.00 KWD.
  • 21K gold per gram price is 22.88 KWD.
  • 18K gold per gram price is 19.61 KWD.

The prices for each karat of gold per gram in Kuwait yesterday were:

  • 24K gold per gram price was 26.10 KWD.
  • 22K gold per gram price was 23.96 KWD.
  • 21K gold per gram price was 22.84 KWD.
  • 18K gold per gram price was 19.58 KWD.

In the upcoming month, the retail gold price of 22 karats in Kuwait will increase to around KWD 22.15 per gram, Next Week predicts that 22 karat gold will be priced at about KWD 22.10 per gram.

In the past three months of Kuwait’s retail market, 22-karat gold hit its lowest point at KWD 20.70 per gram, noted on March 24, 2024. On the other side, 22 carat gold per gram went to its highest price, noted on May 20, 2024, reaching KWD 23.25 per gram. These figures highlight the rates of gold within the recent three-month period in Kuwait.

An ounce of pure gold biscuit with 99.9% purity is priced at approximately KWD 726.27. A 10-gram pure gold coin has the same high purity level and costs a price of KWD 233.50. On the other hand, who looking for a larger investment option is a 1 kilogram pure gold bar again at 99.9% purity. which is priced at KWD 23,350.00.

All jewelry stores in Kuwait offer different types of hallmarks. Each hallmark like “375” for 9 karats and “999” for karats. These hallmarks indicate the purity of gold from 9 karats to 24 karats.

Jewelry stores in Kuwait offer different types of karats which indicate the purity of gold. The highest karat is 24K which is also known as pure gold. As the number of karats decreases it indicates less gold it contains.

Gold jeweler in Kuwait offers jewelry in different types of colors “Yellow” gold is the most popular color choice .”White” gold, looks silvery and shiny. Rose” gold adds a pinkish touch to jewellery and there’s also “Green” gold.

In Kuwait, gold is measured in various units such as grams, tolas, sovereigns, ounces, and kilograms. Gold bars are sold in kilograms, gold biscuits in ounces, and gold coins sold in grams and tolas.

If you are confused about which term is right, Karat or Carat, please visit here: Karat Vs Carat. Check it out. We have also shared a detailed article on Types of Gold.

Conclusion

The gold rate changes frequently due to market forces. The rate gets higher and lower because of market fluctuation, and the prices are mutually decided to sell. We have already discussed in the above section factors to consider before buying, karats, and the current gold rate in Kuwait. 

If you have any further queries, feel free to contact us, and we’ll promptly get back to you!