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Gold Hits New Historic High — Jewelers Syndicate Head

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18-01-2026 03:49 PM

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Gold records new historic prices in local market, Jewelers and Jewelry Shops Syndicate head Rabhi Allan says.
Speaking to Rum, Allan says syndicate notes sharp rise, describing current level as highest market closing price to date.
Allan attributes surge to geopolitical factors, citing potential war between United States and Iran, fragile truce increasing global political tension, Iranian threats, and ongoing Russia-Ukraine war with fading hopes of resolution.
He says global gold price reaches $4,597 per ounce, pushing local gold prices up by 2 dinars per gram.
Allan adds English lira price stands at 745 dinars, Rashadi lira at 662, noting supply in local market exceeds demand.
Rum


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