Kuwait Gold Prices Soar with Global Market Gains

Kuwait's gold market has seen significant gains in line with global trends, with 24-karat gold reaching around KD 43.6 per gram and 22-karat gold at approximately KD 39.97 per gram.

The rise was driven by a weaker US dollar and lower expectations of a US interest rate hike at the Federal Reserve's meeting in September.

According to Dar Al-Sabaek Company, silver prices also rose to around KD 727 per kilogram.

Globally, gold prices ended last week higher at $4,377 per ounce, marking gains for the second consecutive week.