Bahrain’s Live Gold Rate at GoldCityMall.com

Live Gold Rate on GoldCityMall ®

For those who wish to purchase gold, it is important to possess a basic understanding of how gold value is calculated. The pricing of gold products (excluding tax) takes into account two things – ‘Gold Value’ and ‘Making Charge’. The ‘Gold Value’ is calculated using a ‘gold rate’ which remains constant at any given moment in time.

In the physical practice of selling gold jewellery and bullion products, a fixed ‘Gold Rate’ is used to calculate the ‘Gold Value’ within the product price. This ‘Gold Rate’ is dependent on the market value of gold and is usually fixed per product by the jeweller. However, GoldCityMall® uses the live international gold rate to bring transparency in the sale and purchase of gold jewellery and bullion products.

Jewellery and Bullion (any form of raw gold like gold coins, biscuits and bars) are two categories of gold products in which one can invest on GoldCityMall®. GoldCityMall.com® enables you to purchase these at the live international gold rate.

Factors Affecting Live International Gold Rate

There are numerous factors which influence the change in the live international gold rate.

Some of the important factors are:

Dollar Dynamics The change in the international gold rate is heavily dependent on the US Dollar. The rates are inversely proportional to the US Dollar which suggests that the gold rate drops when the value of the US Dollar rises.
Supply and Demand The supply of gold does not always remain constant. The fall in supply against the demand results in a hike in the international gold rate and vice versa. The price of gold is subject to change when the supply and demand equation in the market changes. This subsequently affects the gold rate.
Cost of Production Gold is a metal which is mined from the ground. The change in cost at which gold is mined indirectly affects the gold rate as it would lead to fluctuations in supply of gold.
Geographical Location The gold rate changes as per geographical location as the cost of transportation, procurement/import, etc. is added to the gold rate.

Live International Gold Rates

BHD 15.784

18 K (750) Gold Rate Per Gram

BHD 18.414

21 K (875) Gold Rate Per Gram

BHD 19.277

22 K (916) Gold Rate Per Gram

BHD 20.94

24 K (995) Gold Rate Per Gram

BHD 21.024

24 K (999) Gold Rate Per Gram

BHD 21.043

24 K (9999) Gold Rate Per Gram

BHD 16.78

18 K (750) Gold Rate Per Gram

BHD 16.78

21 K (875) Gold Rate Per Gram

BHD 16.78

22 K (916) Gold Rate Per Gram

BHD 16.78

24 K (999.9) Gold Rate Per Gram

FAQs

1. Why does GoldCityMall® offer gold products at the live gold rate?

GoldCityMall® believes in providing a transparent transaction opportunity to customers and jewellers. By pricing products based on the live international gold rate, GoldCityMall.com® can protect jewellers from the changes in gold rate while providing customers with the best price on their products.

2. Can the international live gold rate change based on location?

Yes, the live international gold rate can change based on location. This is due to addition of various costs like transportation, import tax, etc.

3. How should I interpret the live international gold rate displayed on GoldCityMall®?

You can check the live international gold rate on the information tab at the top of your screen. If it is accompanied by a green arrow, it means that today’s live gold rate is higher than yesterdays. However, if it is accompanied by a red arrow, it denotes that the live gold rate is lower than yesterday.

4. Does GoldCityMall® decide the live gold rate?

No, GoldCityMall.com ® does not decide the live international gold rates. Gold rates are volatile and subject to change on many external factors like dollar dynamics, supply and demand, geographical location, etc. At GoldCityMall® , we provide you with transparency regarding the gold rate so that you can make your own judgement.