The US dollar
Gold is priced in dollars worldwide. A stronger dollar makes gold more expensive for buyers using other currencies, so demand tends to ease, and the reverse often happens.
Gold
The gold ounce in US dollars and the gram price for 24, 22, 21 and 18 karat in Kuwaiti dinars and other Gulf currencies, with a history chart and a plain explanation of what moves the price.
Ounce price (XAU/USD)
$4,164.77■ 0.00%+$0.05vs previous closeOne troy ounce = 31.1035 gramsGram price by karat
Raw metal value per gram, without workmanship, the dealer's margin or tax.
24K100%$133.90per gram
22K91.7%$122.74per gram
21K87.5%$117.16per gram
18K75%$100.43per gram
Gram price in every currency
| Currency | 24K | 22K | 21K | 18K | Ounce |
|---|---|---|---|---|---|
| $133.90 | $122.74 | $117.16 | $100.43 | $4,164.77 | |
| KWD 41.627 | KWD 38.158 | KWD 36.424 | KWD 31.220 | KWD 1,294.743 | |
| SAR 502.13 | SAR 460.28 | SAR 439.36 | SAR 376.59 | SAR 15,617.84 | |
| AED 491.75 | AED 450.77 | AED 430.28 | AED 368.81 | AED 15,295.11 | |
| QAR 487.40 | QAR 446.78 | QAR 426.47 | QAR 365.55 | QAR 15,159.76 | |
| BHD 50.347 | BHD 46.151 | BHD 44.053 | BHD 37.760 | BHD 1,565.953 | |
| OMR 51.545 | OMR 47.250 | OMR 45.102 | OMR 38.659 | OMR 1,603.228 |
Ounce price in US dollars over time
Change over periods
1 week−0.74%
1 month−4.87%
3 months+3.84%
Year to date−3.48%
1 year−1.73%
52-week low and high close
3,930.38Low · Wed, Oct 29, 20255,400.25High · Wed, Jan 28, 2026
What moves the gold price?
Interest rates
Gold pays no interest or dividends. When rates after inflation rise, holding it looks less attractive next to deposits and bonds; when they fall, that cost shrinks.
Inflation
Some investors turn to gold to preserve value when prices rise, though the link does not always show in the short term.
Central banks
Many central banks buy gold to diversify their reserves, and large purchases can affect world demand.
Crises and tension
In times of economic or political worry, demand for gold as a safe haven tends to grow, and it may fade when things calm down.
Jewellery and seasons
Jewellery demand is large in India, China and the Gulf, and usually rises in wedding and holiday seasons.
How we work out the gram price
- We divide the ounce price in dollars by 31.1035 (grams in a troy ounce) to get the price of a gram of pure gold (24 karat).
- We multiply by the karat's gold content: 22 of 24 for 22 karat, 21 of 24 for 21 karat, 18 of 24 for 18 karat.
- We convert the result into your currency at our latest exchange rate.
Why gold shops quote different prices
- Prices here are the raw metal value only.
- Jewellery adds workmanship (making charges) and the dealer's margin.
- Some Gulf countries add VAT, depending on the type of gold.
- A shop usually buys from you below the price it sells to you.
Information only, not a recommendation to buy or sell. Prices are indicative and may differ from local market prices.