Exploring Bahrain's Golden Treasures: A Wealthy Insight

Gold in Bahrain is typically quoted in the local currency of Bahraini Dinar, although it may also be quoted in U.S. Dollars, Euros, or Great British Pounds. The price is usually quoted per ounce, kilo, gram, or 10 tolas bar. The most common carats used in Bahrain are 18, 22, and 24, although 21-carat gold is also sometimes used. As an island nation in the Persian Gulf, Bahrain is one of the smallest countries in Asia, with a size of approximately 780 square kilometers.

Gold price per gram in Bahrain

The price of gold per gram in Bahrain depends on the type of gold being purchased, as well as the date of purchase. Gold in Bahrain is sold in different carats, with 18, 22, and 24 carats being the most common, although 21 and 23 carats are also available. The price of gold per gram in Bahrain also varies depending on the unit of weight used, with gold commonly quoted in price per ounce, kilo, gram, or 10 tolas bar.

On November 2, 2024, the price of gold per gram in Bahrain was as follows:

• 22-carat gold: BHD 31.70 per gram
• 24-carat gold: BHD 33.70 per gram
• 18-carat gold: BHD 25.94 per gram
• 21-carat gold: BHD 30.26 per gram

On November 3, 2024, the price of gold per gram in Bahrain was:

• 22-carat gold: BHD 31.40 to BHD 32.30 per gram
• 24-carat gold: BHD 33.40 to BHD 34.40 per gram

On November 11, 2024, the price of 22-carat gold per gram in Bahrain was ₹ 7,220 /gm.

The price of gold in Bahrain is largely derived from international gold prices, as the nation imports its gold. The gold rate in Bahrain is expected to remain stable after a sharp rally in the last few weeks.

Gold price per ounce in Bahrain

The gold price per ounce in Bahrain is quoted in the local currency, the Bahraini Dinar (BHD). As gold is a global commodity, prices may also be quoted in other key currencies such as U.S. Dollars, euros, or Great British Pounds. The price of gold is typically quoted in Bahrain as the price per ounce, kilo, gram, or 10 tola bar.

On November 3, 2024, the price of gold per ounce in Bahrain Dinars was 1027.03 BHD. In US Dollars, the price of gold per ounce was 1037.79. The price of gold can fluctuate daily and is influenced by various economic and geopolitical factors.

Gold prices in Bahrain have seen some variability in recent months. For example, on October 8, 2024, the price of gold per gram was 31.96 BHD, while on October 29, 2024, the price increased to 33.02 BHD per gram.

Gold is available in different carats in Bahrain, with 18, 22, and 24 carats being the most commonly used. Gold jewellery is also available in various colours, with yellow gold being the most popular, followed by white, rose, and green gold.

Gold price per kilogram in Bahrain

The price of gold per kilogram in Bahrain depends on its purity, which is measured in carats or karats. The price of gold per kilogram in Bahrain also varies over time.

As of November 2, 2024, 1 kilogram of pure gold (24 carats) costs BHD 33,700.00.

As of October 30, 2024, the highest 22-carat gold price per gram in Bahrain was BHD 32.30, while the lowest was BHD 26.70 on June 8, 2024.

Gold is a global commodity that is valued and traded all over the world. In Bahrain, gold prices are typically quoted in the local currency, the Bahraini Dinar, but they may also be quoted in other key currencies such as U.S. Dollars, Euros, or British Pounds. The price is usually quoted per ounce, kilo, gram, or 10 tolas bar. The most commonly used carats in Bahrain are 18, 22, and 24 carats, although 21 carats is also sometimes used.

Gold price history in Bahrain

Gold is a global commodity that is traded and valued all over the world. In Bahrain, gold prices are quoted in the local currency, the Bahraini Dinar. However, gold prices may also be quoted in other key currencies such as U.S. Dollars, Euros, or Great British Pounds. The price of gold is typically quoted per ounce, kilo, gram, or 10 tolas bar. The most commonly used carats in Bahrain are 18, 22, and 24 carats, although 21 carats is also sometimes used.

On November 3, 2024, the price of gold in Bahrain was 1,031.41 Bahraini Dinar per ounce or 33.16 Dinar per gram. The price of gold per gram varied between BHD 30.80 and BHD 34.40 over the previous 60 days. The lowest price of BHD 30.80 per gram was recorded on September 4, 2024, while the highest price of BHD 34.40 per gram was recorded on October 30, 2024.

Gold rates in Bahrain have been rising over the last month due to a rally in international gold prices. Since Bahrain imports gold, its domestic gold prices are largely derived from international prices. It is expected that gold rates in Bahrain will stabilise after the recent sharp increase.

Gold bullion can be purchased in either coin or ingot form, with various designs and weights. Gold bullion coins are typically preferred by investors on a budget or collectors, while larger investors tend to opt for larger gold bars. Minted bars have a sleek and shiny finish, whereas cast bars, which are formed by pouring liquid gold into moulds, have a dull, aged look. Cast bars are usually more cost-effective than minted ingots as they are cheaper to produce.

Gold rate forecast in Bahrain

The gold rate in Bahrain is largely derived from international gold prices, as the country imports gold. The price of gold in Bahrain has risen in the last month or so, following a rise in international gold prices. However, it is expected to remain stable now after this sharp rally.

In Bahrain, gold is typically quoted in price per ounce, kilo, gram or 10 tolas bar. The most common carats used in the country are 18, 22, and 24, although 21 carat is sometimes used as well.

As of November 2024, the price of 22-carat gold per gram in Bahrain is BHD 31.70, while the price of 24-carat gold per gram is BHD 33.70. In the last 14 days, the lowest price for 22-carat gold per gram was BHD 31.40, while the highest was BHD 32.30. For 24-carat gold per gram, the lowest price in the same period was BHD 33.40, and the highest was BHD 34.40.

Looking ahead, the retail gold price forecast in Bahrain per gram of 22-carat purity is expected to be around BHD 30.60 in two months, and the price of 24-carat purity is expected to be around BHD 32.60. In the next two weeks, the 22-carat gold rate is expected to be around BHD 31.85, and the 24-carat rate is expected to be around BHD 33.90. In six months, the 22-carat gold price in Bahrain is forecast to be around BHD 29.50 per gram, and the 24-carat gold price is expected to be around BHD 31.35 per gram.

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