Gold Prices in Kuwait Fall Sharply

23/03/2026

KUWAIT CITY, March 23: Gold buyers in Kuwait are seeing a sudden price drop. As per MOCI (h ttps://www.moci.gov.kw/) , 24-karat gold was trading at KWD 49.642, while 22-karat slipped to KWD 45.547. The correction marks one of the sharpest short-term drops this year, bringing prices closer to levels last seen before the recent rally.

The decline is attracting attention from expats planning jewellery purchases, as lower rates improve affordability after weeks of elevated prices.

The fall in Kuwait mirrors a broader global sell-off in bullion, with gold retreating amid rising financial market volatility. International prices dropped as much as 3.8%, erasing a significant portion of this year’s gains.

Market analysts attribute the pressure to multiple factors tied to the ongoing Middle East conflict. Volatile oil prices have heightened inflation risks, reducing expectations of near-term interest rate cuts by major central banks. Higher rates tend to weigh on gold, which offers no yield.

Investors have also been liquidating positions to cover losses in other asset classes, accelerating the slide. Gold has now fallen for eight consecutive sessions, recording one of its steepest weekly declines in decades