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Why Gaza Gold Costs More
Gold prices in Gaza have risen to around $170 per gram for 21-karat gold, compared with $110 globally. The increase is driven by the halt in imports for nearly three years, limited supply, and rising demand for gold as a way to preserve savings amid a liquidity crisis and declining confidence in banks. Gold stocks have fallen from around three tonnes before the war to less than one and a half tonnes. Meanwhile, the average monthly volume of hallmarked gold jewelry dropped to around 23 kilograms in the third quarter of 2026, compared with 108 to 146 kilograms before the war. Consumers are bearing the cost of the price gap, while experts warn that merchants and savers could face losses if imports resume and local prices move closer to global levels.
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