Gold dealers for"today": An exceptional season in the yellow metal market… and a great demand for bullion

Gold traders and sellers said that the current year is exceptional in the gold market in Saudi Arabia, with an increase in demand for 21 carat and bullion, amid a clear trend towards saving and hedging against price fluctuations.

The traders added in a field survey for"today"The gold market in Saudi Arabia is witnessing remarkable activity, with an increase in consumer demand for gold bullion in search of safe investment, while jewelry maintains its traditional status, especially during seasons and holidays.

Hassan Al-Abdulwahab, one of Gold sellers in the Eastern Province: The gold bullion,

Most in demand by consumers, especially with the recent rise in gold prices.

He added that the price per ounce "Weighs 31.15 grams, 24 karat" It is the most in demand, noting the recent increase in demand for silver, while gold is in demand throughout the year.

He pointed out that the demand for Buying gold increases during the seasons, especially holidays, and the demand for buying increases "Soft throat and dentures"On special occasions such as marriage and engagement, the demand for medium and large sets increases.

He stated that the demand for gold decreases temporarily with the beginning of each rise, while there is some fear from consumers, but it increases after prices stabilize.

He pointed out that investment in gold has increased in recent years, with consumers’ desire to buy bullion, pointing out The current year is exceptional in the gold market, due to the rise in prices of the yellow metal, and the increased demand for bullion for investment.

Reza Ali said "Gold seller": The Gold bullion is witnessing increasing demand from consumers looking for a safe investment, while jewelry maintains its traditional position.

He noted the demand for fine necklaces and bracelets, as well as the increased demand for white gold.

He added that the demand for yellow gold sets "seasonal" Especially during the holidays and summer vacations due to the large number of wedding parties, while demand increases during Shaaban, Ramadan, Shawwal and Safar.

He pointed out that "21 caliber" The most popular in Saudi Arabia, and it is a custom that has been passed down through generations, especially since it does not include any additions, while some designs carry a traditional popular style, while others are distinguished by "importer" With its international designs.

He stated that the current year witnessed a demand for investment, with rapid rises in prices.

Saleh Al-Ghunaim said "Gold seller": Bullion is witnessing high demand from consumers,

Noting that the increase in prices prompts consumers to invest in gold, especially in gold models "21 caliber" Of sets, bracelets and necklaces.
He added that the demand for buying gold is not linked to a specific time, but it continues throughout the year, especially during the summer vacations that witness many weddings, as well as the demand during the month of Ramadan and holidays, in addition to the demand at the time of falling prices.

He noted the keenness of some consumers to acquire gold for investment, especially in "21 caliber" Or gold bullion, indicating that the latter is characterized by the absence of "Factory fees".

He added that investing in bullion is the favorite among consumers, and is followed by "21 caliber" Especially contracts and rings, whose prices rise, and give the consumer a financial return.

Abdul Hadi Al-Musallam said. "Gold seller": The markets are currently witnessing a demand for gold bullion"21 caliber"indicating that the market is active throughout the year..

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