Monday 29 December 2025 – 10:27 PM
Hani Milad, head of the Gold and Jewelry Division at the Federation of Chambers of Commerce, said: gold During the past week, there was a surge in rises that exceeded the barrier of $4,500 per ounce and reached $4,550, and continued throughout the past week, and this was reflected locally as prices rose and exceeded the barrier of 6,000 pounds for 21 karat, and today a correction process occurred in all metals in general, and gold and silver were affected in large proportions, and some other metals, by 4.5% for gold and 8% for silver.
Gold Division: Gold decline is a mixed correction movement
He added during television statements that the present time is an opportunity to buy to achieve gains with the new start. He also advised citizens to invest in gold for the long term, saying: “Do not be shaken by these declines, you are a gainer in the long term, and this happened earlier. It reached 4,200 pounds per gram, then it fell to 3,200 pounds, then it rose and exceeded 5,000 pounds. Any position or price that gold achieves, even if it goes down, will achieve it and exceed it.
He added: Essentially, in 2026, part of your portfolio must be gold because it is a store of value and do not be afraid, even if it decreases temporarily, because it will rise again. Expectations still indicate price spikes in the first quarter of next year, and I expect a surge in the price of an ounce to reach $5,000 per ounce.
Regarding his advice for distinguishing between original and adulterated gold in the markets, he said: The consumer does not have the experience to know the difference between them, but the consumer must go to someone he trusts, to an establishment that has a commercial register, a tax card, and an invoice for the jewelry. Do not buy from any unknown person who sells anything at a cheap price or someone who tells you that we will sell without workmanship. Stay away from it and take the proper methods to guarantee your rights and preserve your money.
