Gold prices drop to record lows in Sanaa, Aden markets

SANAA, Oct. 31 (YPA) – Gold prices in Yemen dropped to record levels on Saturday, marking significant new lows across goldsmiths and jewelry markets in both Sanaa and Aden.

In markets under the Sanaa-based Government control, the price of a gold coin fell to 489,000 Yemeni riyals, while 21-karat gold settled at 63,000 riyals per gram. This represents a weekly drop of 13,000 riyals per coin and 2,400 riyals per gram compared to last week’s rates.

Meanwhile, in markets under the Aden-based government, the gold coin reached 1,429,000 Yemeni riyals, and 21-karat gold recorded 185,000 riyals per gram. Prices in Aden registered a weekly decline of 34,000 riyals per coin and 5,000 riyals per gram.

YPA