Significant Decline in Gold and Silver Markets Sparks Buying Surge in Kuwait

The gold and silver markets have faced an unexpected downturn in recent days, leading to substantial losses for investors. The price of gold has plummeted significantly, mirroring a similar decline in silver prices, which has raised alarms among investors and triggered fears regarding the stability of global precious metal markets.

Investors Turn to Direct Purchases

In response to the price drop, individuals are increasingly buying bullion directly, hoping to capitalize on the lower prices and resell when values rise. In Kuwait, this trend has resulted in noticeable activity in gold purchases, facilitated through both traditional stores and authorized digital applications, with delivery times for purchases extending to several days.

High Demand for Various Weights

Experts and gold retailers have reported that the highest demand is for gold bars and coins of various weights, ranging from small bars to gold lira, whether Swiss or Ottoman. They noted that selling prices are closely linked to global market rates, indicating a high sensitivity to market fluctuations.

Impact on Investors and Global Markets

This recent downturn highlights the direct impact of precious metal price fluctuations on investors, as losses have prompted a reassessment of buying and selling strategies. There is an expectation that the demand for direct purchases will persist if prices stabilize or if a new upward trend begins.