Gold prices in Kuwait have created a new history on March 2, 2026. Amidst the increasing tension and fear of war in the Middle East, people are running towards safe investments, due to which the prices of gold are skyrocketing. Buying gold has now become very expensive for NRIs and locals living in Kuwait, as the price of 24 carat gold has gone above 53 dinars per gram. In view of the situation, security agencies are also on full alert.
Today’s Gold Rates in Kuwait
Due to market fluctuations, gold prices are changing every hour. According to the report, 24 carat gold has reached its highest level till date. In the table given below you can see the latest prices of Kuwait’s bullion market.
Gold Type Price (KD per Gram) 24-Carat 53.2 – 53.7 KD 22-Carat 48.1 – 49.2 KD 21-Carat 45.5 – 46.6 KD 18-Carat 39.3 – 40.3 KD Silver (per Kg) ~1,006 KD
Cash payment banned, rules become stricter
If you are thinking of buying jewelery in Kuwait, do not carry cash in your pocket. The Ministry of Commerce and Industry has made it clear that the use of cash to buy gold, jewelery or precious stones is completely prohibited. This rule (Resolution 182/2025) has been made to stop black money.
Payment Method: Only through methods approved by the Central Bank of Kuwait (CBK), such as card or bank transfer.
Punishment: Any shopkeeper who breaks this rule and takes cash will have his shop immediately closed and a legal investigation will be conducted.
Security alert and impact on air travel
Security has been increased in areas around Kuwait due to increased tension. Kuwait Airways has started emergency transport so that people can be brought back through safe routes like Jeddah. At the same time, the Ministry of Interior has advised people to avoid celebrations like ‘Gergean’ outside the house. Market experts say that in the environment of fear, people are buying small jewelery instead of big biscuits so that their money remains safe.