Kuwait purchases 11.2 tons of gold during the first 9 months of 2026
Kuwait's purchases of gold bars and coins rose by 13.1% during the first nine months of 2026.
Translated by Qiyas from الأنباء — Original source
The Kuwaiti gold market witnessed a notable shift in demand structure during the first nine months of 2026, with purchases of gold bars and coins rising by 13.1% year-on-year to reach 5.5 tonnes, compared to 4.8 tonnes in the same period of 2025, an increase of 632 kilograms, according to the latest data from the World Gold Council.
The data showed that total gold demand in Kuwait, including jewelry, bars, and coins, amounted to 11.2 tonnes in the first nine months of this year, down from approximately 12.385 tonnes in the corresponding period last year, a decline of 9.51%.
The figures revealed that the share of gold bars and coins in total domestic demand rose to 48.69%, up from 38.95% in the same period of 2025, an increase of 9.73 percentage points, indicating a growing relative weight of investment gold products in the Kuwaiti market.
On a quarterly basis, demand for bars and coins grew by 27.25% in the first quarter and by 25% in the second quarter, which saw the highest quarterly purchases at 2.4 tonnes. Total gold demand across all categories reached 4.566 tonnes during that same quarter.
Conversely, demand for jewelry and gold ornaments stood at 5.8 tonnes in the first nine months of 2026, compared to approximately 7.6 tonnes in the same period last year, a decrease of 23.93%. Jewelry maintained the largest share of total purchases at 51.31%, compared to 48.69% for bars and coins, reflecting a notable convergence between the two categories in the local market.
