Is Gold Cheap In Kuwait?

Do you want to know about Cheap gold in Kuwait? We will answer it in the article. The shops sell platinum, diamonds and sometimes silver also. They claim the gold in the Middle East is very pure and well-regulated by the government. Gold here is not cheap because its price is the same worldwide. You always need to check the current price of gold per gram before buying it. Merchants won’t sell you below the market value, but you can negotiate the price of gold based on your bargaining skills. This holds whether you’re in India, Dubai, Kuwait, or anywhere else.

Gold purchase trends

In Kuwait’s gold Souk, gold pretty designs are taken from Arabic and Indian styles. They have 21K and 22K gold styles, silver bars and silver jewelry that is dipped in rhodium. A professional craftsman makes it, and they can copy any design from pictures. In this way, you can get the desired design that you like. Sometimes, platinum is low-quality rhodium, so be careful about it. Light and diamond studded pieces are liked by young people most of the time. Older adults like fancy designs. Gold is seen as security for women especially. They like to wear this type of gold. You can sell your gold anytime at any place and get your money immediately. In jewelry, gold coins are very famous and in high demand.

Gold Souqs in Kuwait

Souk Al-Watiya 

It is located Street near the Sheraton Hotel and 4 Point Sheraton. There are so many gold shops available on the ground and 1st floor, and a restaurant on the 2nd floor. Local Filipinos call it the Adidas Building, and it’s close to churches. It is the perfect place to buy gold or jewelry, and this place looks like a small Indian or Filipino Town on Fridays and Sundays.

Kuwaiti Gold Souq

The souq here looks like Dubai’s gold souq. You can easily find 21K and 22K gold jewelry, but you can get more of 21K gold with Arabic and Kuwaiti designs. This place reminds me of the old Kuwait, which is full of history blended with new styles, especially after the latest renovations. You can bargain the prices here. If you are an expert in negotiation, then you can find very good deals at Cheap prices. The best time to visit is in the afternoon, walking in the narrow streets, talking with friendly merchants, seeing various kinds of displays and buying your desired jewelry. After shopping, you can relax at the local cafes.

Gold souq at Hawally Area

This place is very famous for computer stuff, and some shops sell Arabic-style products, mostly on Tunis Street and Bin Khaldoun Street. You can also easily find some famous brands here. They sell gold jewelry in 18, 21, and 22 carats.

Salmiya Area Souks

This place is located inSoutheast of Kuwait City lies Salim Al-Mubarak Street; there is a huge shopping area where travelers can find everything that they want. In the Old Souk section of this street, many stores sell jewelry, gold, and fabrics.

Souk Al-Dahab Al Markazi

This place has a government office where people check gold purity and marks. There’s a wide range of gold collections and amazing jewelry styles on display. You can even get your custom designs, but make sure to ask for a certificate to be sure it’s authentic. If someone has no certificate, you don’t need to buy from that place. They may sell gold with less purity. That’s why certificate checking is necessary before buying.

The Fahaheel Area

From Kuwait City it is only 25 miles south, and there are so many gold shops. In Fahaheel, there are three main areas for gold shopping.

Guidelines about Kuwait Gold Souks 

1.Opening Hours: Normally, Shops open from Saturday to Thursday, 9:30/10 AM to 12:30/1 PM, and 4:30 PM to 10:30 PM. Fridays open from 4:30 PM to 10:30 PM. Timings might vary for different shops. 
2.Souk Al-Mubarakiya: It’s Kuwait’s largest souk with Arabic (21K), some Indian (22K), and Western (18K) gold designs, along with costume jewelry. To reach the destination, follow Gulf Road until you reach the Grand Mosque, then make a turn onto Mubarak Al-Kabeer Street and take the first right. Parking can be crowded; it’s better to remain closer to the gold souk. 
3.Bargaining for Making Charge: Gold prices are fixed, but you can negotiate if you have good bargaining skills. You always try to bring down the cost that the shopkeeper asks. Keep your expenses for making charges within the range of 1 to 2 KD per gram.
4.Go to another Shop: wear the price, leave without fuss. Then go to the other shop and bargain and buy the same product at a Cheap price.
5.Ensure Authenticity: Make certain that the gold you purchase bears the official stamp from the Kuwait Ministry. Always ask for a receipt detailing your name, Civil ID or Passport info, and specifics of your purchase: what you bought, its weight, the total expense (including the making charge), and the price per gram.https://goldzilly.com/top-stylish-jewelry-to-wear-in-2024/

Is Gold Cheap In Kuwait?
Conclusion

Kuwait’s gold shopping hubs like Souk Al-Mubarakiya, Fahaheel, and more offer diverse gold collections. Gold prices are fixed worldwide, but bargaining for making charges is possible. Authenticity matters; always buy Ministry-stamped gold with a detailed receipt. Bargaining tips include for making charges never paying more than 1 – 2 KD per gram and knowing then to go to another shop. Kuwait’s gold souks blend history with modern styles, offering 21K Arabic, 22K Indian, and 18K Western designs. It’s a place to explore, chat with friendly merchants, and find jewelry that suits your style and budget.

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