Gold is a global commodity that is valued and traded all over the world. In Bahrain, gold prices are quoted in the local currency, the Bahraini Dinar, and the country reportedly has a solid network of gold bullion suppliers. If you are looking to sell gold in Bahrain, there are several options. You can sell gold at traditional markets (souqs), sprawling shopping malls, or dedicated gold shops. Some popular places to sell gold in Bahrain include Gold City Mall, Gold Souq, Malabar Gold and Diamonds, and Rizan. It is important to do your research and compare prices to ensure you are getting the best deal when selling your gold.
Characteristics | Values |
---|---|
Gold Price | Quoted in the local currency, the Bahraini Dinar, and other key currencies such as U.S. Dollars, euros, or Great British Pounds. |
Gold Price Quote | Typically quoted as price per ounce, kilo, gram, or 10 tolas bar. |
Carats | 18, 22, and 24 carats are the most commonly used, although 21 carat is also sometimes used. |
Gold Bullion | Can be purchased in coin or ingot form and comes in many different designs and weights. |
Gold Bars | Minted bars and cast bars. |
Gold as an Investment | Gold has the potential for price appreciation and may also provide a hedge against economic and geopolitical issues such as inflation and weakening paper currency values. |
Gold Suppliers | Rizan, a leading supplier of certified gold and silver bullion in Manama, Bahrain. |
Gold Retailers | Al Zain Jewellery, Asia Jewellers, Bahrain Jewellery Centre, Damas Jewellery, Devji Aurum, Jawaher Asil, Kooheji Jewellery, Malabar Gold and Diamonds, Pure Gold Jewellers, Gold Souq, Gold City Mall, Abu Jameel Jewellery, Dubai Gold, J&P Jewellers, Natural Pearl Palace, Rainbow Jewellers, Sai Jewellers, Sahil Jewellery, Victory Jewellery. |
What You'll Learn
Gold shops in Bahrain's malls
Gold shops can be found in several malls across Bahrain. Gold City Mall in Manama is the largest gold market in Bahrain, with two floors of shops selling gold jewellery, diamonds, pearls, and old coins. The mall is home to various brands, making it easy for customers to compare prices and negotiate. Gold City Mall is located within the Manama Centre.
Malabar Gold & Diamonds is another gold shop located within the Manama Centre. This store sells gold, diamond, and precious jewellery, as well as offering gold exchange services.
For those interested in investing in gold bullion, Rizan is a leading dealer in Manama, Bahrain, with a shop located in Gold City. Rizan offers gold and silver bullion at competitive prices and provides easy buy-back options.
Finally, for those seeking luxury shopping, the MODA Mall located in the Bahrain World Trade Center is home to over 150 designer fashion and jewellery brands, as well as restaurants and cafes.
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Gold souks
Another popular destination for gold shopping in Bahrain is the Gold City Mall, located near Bab Al Bahrain and the Gold Souq. This two-storey mall houses many gold and jewellery shops, including both local and international brands. Some of the retailers in the Gold City Mall include Abu Jameel Jewellery, Damas Jewellery, Dubai Gold, J&P Jewellers, Natural Pearl Palace, Rainbow Jewellers, and many others.
In addition to the Gold Souq and Gold City Mall, there are several other popular places to buy gold in Bahrain, including well-known jewellery brands such as Malabar Gold and Diamonds, Pure Gold Jewellers, and Kooheji Jewellery, as well as luxury watch and jewellery retailers like Al Zain Jewellery and Bahrain Jewellery Centre.
Whether you're looking for traditional designs, international brands, or a wide variety of options, the gold souks and jewellery shops of Bahrain offer something for everyone.
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Gold bullion dealers
For those looking to buy gold bullion in person, the Gold Souq in Manama is a good option. Established over two centuries ago, the market houses numerous shops selling gold and other jewellery at reasonable prices. Nearby Gold City Mall is another option, with retailers including Abu Jameel Jewellery, Dubai Gold, and Victory Jewellery.
Online dealers like SWP Cayman, GoldCore, and BullionStar are also popular options for Bahrainis, who can buy gold online and either store it in vaults in Dubai or ship it back to Bahrain.
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Jewellers offering buy-back options
If you're looking to sell gold in Bahrain, one option is to explore jewellers that offer buy-back options. Here are some details about a few jewellers that provide this service:
Rizan
Rizan, a leading gold and silver bullion dealer in Manama, Bahrain, offers easy buy-back options for gold and silver bullion. They are known for providing the best prices and quality service. Rizan deals in certified gold with precise weight and purity to ensure value for money. They have a widespread service network across the region and are a trusted supplier for those looking to buy or sell gold.
Malabar Gold and Diamonds
Malabar Gold and Diamonds is a well-known jewellery brand with over 325 stores across 11 countries, including outlets in GCC countries and India. They offer a zero-deduction gold exchange policy for jewellery purchased from them. Additionally, they provide a cash buy-back option in any of their outlets, with standard deductions applicable as per the respective region. Malabar Gold and Diamonds assure lifetime maintenance for their jewellery and have a range of policies in place to ensure customer satisfaction.
Al Zain Jewellery
Al Zain Jewellery is one of the most recognised jewellery brands in the GCC region, known for its traditional Arabic and heritage designs. Established in 1930, the brand has boutiques in Bahrain and other GCC countries. While their website doesn't explicitly mention buy-back options, their established presence and regional recognition make them a potential option for exploring gold resale.
When considering selling gold, it is always advisable to research the current market rates, understand the purity of your gold, and ensure you are dealing with a credible and reliable gold buyer or jeweller.
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Gold shops in hotels
If you're looking for gold shops in hotels in Bahrain, one place to consider is the Manama Centre in Gold City. Here, you'll find the Malabar Gold & Diamonds store, which offers a range of jewellery, including diamond, gold, precious, uncut, and platinum options. The store provides services such as gold polishing, diamond replacement, and gold exchange. It is open seven days a week, with extended hours on Thursdays and Fridays.
Another option for gold shopping in a hotel setting is to visit one of the hotels near the Bahrain Gold Souq in Manama. This popular gold market is located in the heart of the city and is easily accessible from several nearby hotels, including:
- The Merchant House: Located just 1,100 ft from Bahrain Gold Souq, this hotel offers accommodations with an outdoor swimming pool, free private parking, and a fitness centre.
- The Domain Bahrain Hotel and Spa: Located in the Diplomatic District of Manama, this hotel features modern accommodations and free Wi-Fi throughout.
- Four Seasons Hotel Bahrain Bay: Offering elegant accommodations with views of the Arabian Gulf, this hotel is just 1 mile from the Bahrain Gold Souq.
- Swiss-Belsuites Admiral Juffair: Located 2.4 miles from the Bahrain Gold Souq, this hotel provides accommodations with an outdoor swimming pool, free private parking, and a fitness centre.
- Onyx Arjaan by Rotana: Featuring free WiFi, a sun terrace with a swimming pool, a restaurant, and a fitness centre, this hotel is located in Manama, 3.3 miles from the Bahrain National Museum.
By staying at one of these hotels near the Bahrain Gold Souq, you can easily access the gold market and explore the variety of gold shops it has to offer.
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