Yemeni gold markets see relative stability with marginal price increases in Sanaa, Aden

SANAA, July 18 (YPA) – The gold prices in Yemen fluctuated on Saturday, recording a slight increase over the past 24 hours, amid a noticeable price disparity between the goldsmith markets in Sanaa and Aden.

In the markets under the Sanaa government’s control, the gold sovereign was recorded at 500,000 YER, while the 21-karat gold per gram reached approximately 64,000 YER. This reflects an increase of 4,000 YER for the sovereign and 500 YER per gram compared to previous rates. By the end of last June, prices in Sanaa had closed at 503,000 YER for the sovereign and 64,300 YER per gram.

Meanwhile, in the markets under the Saudi-backed government’s control in Aden, the gold sovereign reached 1,455,500 YER, and the 21-karat gold per gram stood at around 193,000 YER, marking a 4,000 YER increase for the sovereign. At the close of June, prices in Aden were positioned at 1,476,000 YER for the sovereign and 193,000 YER per gram.

This minor fluctuation follows a period of notable instability in gold prices across both Sanaa and Aden markets throughout the month of June.

YPA