Gold Price In Bahrain Drops But Remains High

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The price of gold in Bahrain has dropped slightly, but continues to remain high, with 21-carat gold costing customers BHD 18 per gram.

Gold prices continued to remain high considerably during almost a year before (COVID-19), as the price of gold in the local market per gram was about 14 dinars.

Gold store owners pointed out that the high prices of gold caused purchases to decline, especially as gold has remained in an upward trend since the beginning of the year with the pandemic of (COVID-19).

READ  Bahrain: Gold prices expected to drop in the coming year

Gold is considered a safe haven for investments and international investors, investment companies and banks usually resort to gold to hedge economic fluctuations in light of the uncertainty regarding the current situation during the first and second quarters of this year.



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