Kuwait’s gold demand has experienced a notable contraction, driven primarily by reduced jewelry consumption in the market. According to the World Gold Council, the emirate’s total gold demand fell to 3.6 tons, marking a significant year-on-year decrease from the previous period’s 3.8 tons.
The decline reflects challenging market conditions affecting consumer purchasing patterns in the region. Jewelry consumption, which typically represents a substantial portion of Kuwait’s gold demand, was particularly impacted during this period. Industry analysts suggest that various external factors have influenced buying behavior among consumers.
The contraction underscores the sensitivity of Kuwait’s gold market to broader regional and economic conditions. Market participants continue to monitor demand trends closely as the year progresses.
Source: Times Kuwait | April 30, 2026