In the video.. An expert for “Al-Youm”: Expectations that gold prices will rise by 50% within two years

Gold and jewelry expert Ahmed Al-Baqshi expects the possibility of gold prices rising by up to 50% over the next two years, driven by continuing global economic changes and the growing status of Goldin Saudi Arabia has witnessed, in recent years, a different phase in terms of price performance and consumer behavior, noting that gold prices have recorded high levels compared to previous years, which has been directly reflected in individuals’ confidence in gold as a savings and investment option.

Continuous rise

Al-Baqshi explained that gold is historically considered an asset that tends to rise in the long term, despite temporary declines that may occur to it, indicating that those who bought gold during the past periods clearly saw that the value tends to rise over time. Time, which has strengthened the confidence of consumers and investors alike.

He added: “Today we notice a noticeable increase in demand for gold, and the higher the price, the more convinced a wide segment of people in it, whether consumers or investors, as a safe haven in light of economic changes.”

An upward path

He pointed out that the current data suggest that the upward path of prices will continue, pointing out that some estimates indicate the possibility of gold prices rising by a percentage that may reach 50% over the next two years, emphasizing the connection between these expectations and global economic conditions.

Al-Baqshi touched on the change in demand patterns, explaining that gold was traditionally associated with women buying it as jewelry and adornments, but recent years have witnessed the entry of a wide segment of men into the gold market as an investment, by purchasing bullion and pure gold. He stressed that this transformation contributed to expanding the demand base and strengthened gold’s position as a long-term savings tool.

Adornment and Treasury

He pointed out that the concept of “Gold as an adornment and treasury” has become a tangible reality, pointing out that experience has proven the ability of gold to combine aesthetic value with investment value, which has made it a preferred choice among various groups.

Regarding the seasons affecting sales, Al-Baqshi explained that there are periods of significant activity in purchasing gold jewelry, especially during the month of Ramadan and before the holidays, when the demand for gold as an adornment increases, especially in the Gulf countries, driven by social customs. And the association of gold with occasions, in addition to the demand for designs of a heritage nature.

Technical development

With regard to the technical development in the market, he stressed that the availability of modern gold inspection devices in the Kingdom contributed significantly to raising the level of reliability and transparency, explaining that these devices allow the type and caliber of the metal to be verified accurately and quickly compared to old traditional methods, which reflected positively on consumer protection and enhancing confidence in the market.

Al-Baqshi spoke about consumer preferences when reselling, pointing out: Pure gold remains the best option in terms of ease of repurchase and minimal losses, unlike artifacts that contain artificial stones that do not carry a market value upon revaluation. On the other hand, he stressed that natural gemstones retain their value, and may sometimes exceed the value of gold itself, especially if they are of rare types.

Data Documentation

He noted the importance of documenting gemstone data in invoices, in terms of weight, type and value, because of its role in preserving consumer rights when reselling. He explained that technical expertise and modern measurement tools enable specialists to accurately evaluate pieces even if the invoice is lost.

He stressed that the Saudi gold market is witnessing a stage today. Maturity and development, supported by increased investment awareness and the advancement of technologies, which enhances the continuation of gold as one of the most prominent savings and investment options during the next stage.

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