Yemeni gold prices plunge to record lows amid persistent market volatility
SANAA, June 06 (YPA) – Gold prices in Yemen dropped significantly on Saturday, hitting record lows across the jewelry markets in Sanaa and Aden after a 48-hour downward trend, according to market dealers.
In the Sanaa market, the price of a gold sovereign (Guineas) fell to YER 532,000, while 21-karat gold was priced at YER 69,000 per gram. This marks a sharp 48-hour decline of YER 10,000 per sovereign and YER 1,000 per gram. The drop follows a highly volatile May, which concluded with the gold sovereign at YER 544,000 and 21-karat gold at YER 69,800 per gram.
Meanwhile, in the Aden markets, the gold sovereign plummeted to YER 1,537,500, while 21-karat gold settled at YER 205,000 per gram. This represents a steep decline of YER 50,000 per sovereign within the last 48 hours. The local market in Aden has been experiencing ongoing instability, having closed out the month of May at YER 1,589,000 per sovereign and YER 204,000 per gram.
The stark disparity in nominal prices between Sanaa and Aden continues to reflect the broader divergence in exchange rates and monetary policies between the country’s two administrative centers.
Key Market Figures Summary
| Region / Market | Commodity | Current Price (YER) | 48-Hour Change (YER) | May Closing Price (YER) |
| Sanaa | Gold Sovereign | 532,000 | ▼ 10,000 | 544,000 |
| Sanaa | 21K Gold (per gram) | 69,000 | ▼ 1,000 | 69,800 |
| Aden | Gold Sovereign | 1,537,500 | ▼ 50,000 | 1,589,000 |
| Aden | 21K Gold (per gram) | 205,000 | ▲ 1,000* |
YPA