Eid Gifts Boost Gold and Jewelry Sales in Jeddah

Gold and jewelry markets in Jeddah have attracted increasing numbers of shoppers as Eid Al-Fitr approaches, amid rising demand for ornaments and gold sets, in line with longstanding social traditions associated with celebrations of the occasion.

 The Saudi Press Agency (SPA), during a tour of several gold markets in Jeddah, observed growing interest in purchasing bracelets, bangles, and gold sets of 18- and 21-carat, alongside white gold and delicate designs suitable for daily use. Some shoppers, however, prefer acquiring luxurious sets that are presented as gifts during family occasions and celebrations.

 Sector workers indicated that sales activity sees a marked rise during Ramadan, reaching its peak in the days leading up to Eid Al-Fitr, despite the global increase in gold prices. They noted that gold remains one of the most favored gifts many families are keen to offer during the holiday due to its aesthetic and social value.

 Experts affirm that 21-carat gold is the most in demand for adornment and personal use, while 24-carat is preferred for saving and investment. Current local market prices stand at SAR605.25 per gram for 24-carat, SAR529.59 for 21-carat, and SAR453.94 for 18-carat.