Bahrain · BHD · December 2024
Gold Price in Bahrain — December 2024
In December 2024, the gold price in Bahrain closed at approximately .د.ب988 per troy ounce, equivalent to .د.ب371 per tola or .د.ب32 per gram. This represents a -0.86% change on the month (.د.ب997 open → .د.ب988 close).
Open
.د.ب997
per troy ounce
Close
.د.ب988
per troy ounce
High
.د.ب1,025
per troy ounce
Low
.د.ب986
per troy ounce
All unit prices at December 2024 close — Bahrain
| Unit | Weight | Closing BHD price |
|---|---|---|
| Troy ounce | 31.1035 g | .د.ب988 |
| Gram | 1.0000 g | .د.ب32 |
| 10 grams | 10 g | .د.ب318 |
| Kilogram | 1,000 g | .د.ب31,764 |
| Tola | 11.664 g | .د.ب371 |
Karat-purity breakdown at December 2024 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KBAHRAIN STD | .د.ب32 | .د.ب370 |
| 22K | .د.ب29 | .د.ب339 |
| 21K | .د.ب28 | .د.ب324 |
| 18K | .د.ب24 | .د.ب278 |
| 14K | .د.ب19 | .د.ب217 |
| 10K | .د.ب13 | .د.ب154 |
Daily gold price in BHD — December 2024
December 2024 gold market: Consolidation caps a historic year
Range-boundA year-end pause after a 25%+ annual gain.
Gold consolidated near $2,620 into year-end as the Fed delivered another cut but guided to a slower 2025 pace. Even after the late-year pause, gold finished 2024 up roughly 25–27% — one of its best annual gains of the century.
What drove gold in December 2024
- Fed cuts but turns more cautious for 2025
- firm dollar
- year-end profit-taking
- record annual central-bank demand
Key events in December 2024
- Dec 18Fed cuts but signals fewer 2025 cuts; gold steadies
What happened next
Gold entered 2025 near record highs, with central-bank demand still the dominant structural driver.
For gold buyers in Bahrain
Closing 2024 up around 25%+ confirmed gold's best year in over a decade — a payoff for buyers who trusted the central-bank and rate-cut story.
The 2024 gold market: Above $2,500 — breakout to new highs
2024 saw gold break decisively above $2,000 and reach $2,790 by year-end. Central-bank buying continued at record pace. Geopolitical tensions (Middle East, Ukraine) and Fed rate cuts beginning in September drove the rally. Year close: $2,624.
Key drivers in 2024
Fed cuts begin, central-bank buying records, BRICS expansion, Middle East tensions, USD weakness
2024 XAU/USD high
$2,790 (Oct)
2024 XAU/USD low
$1,991 (Feb)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Bahrain gold market
Bahrain's retail gold trade centres on Manama Souq. 24K and 21K purities are standard. The kingdom applies a 10% VAT on jewellery making charges.
Standard quote unit
gram
Common purity
24K
Currency
BHD (.د.ب)
Daily gold price — December 2024, Bahrain
.د.ب997
$2,650.36/oz
.د.ب997
$2,651.91/oz
.د.ب999
$2,655.67/oz
.د.ب999
$2,657.24/oz
.د.ب999
$2,655.64/oz
.د.ب995
$2,645.73/oz
.د.ب1,006
$2,676.48/oz
.د.ب1,006
$2,676.48/oz
.د.ب1,015
$2,698.43/oz
.د.ب1,023
$2,721.27/oz
.د.ب1,025
$2,726.30/oz
.د.ب1,013
$2,692.87/oz
.د.ب1,002
$2,664.48/oz
.د.ب1,002
$2,664.48/oz
.د.ب1,000
$2,658.74/oz
.د.ب997
$2,651.79/oz
.د.ب988
$2,626.44/oz
.د.ب990
$2,631.92/oz
.د.ب990
$2,633.39/oz
.د.ب990
$2,633.39/oz
.د.ب986
$2,621.54/oz
.د.ب992
$2,639.18/oz
.د.ب992
$2,639.18/oz
.د.ب992
$2,638.30/oz
.د.ب988
$2,628.10/oz
.د.ب988
$2,628.10/oz
.د.ب988
$2,627.63/oz
How Bahrain gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The BHD/USD exchange rate comes from exchangerate-api.com's 2024 year-end snapshot.
Conversion. Every BHD figure on this page is computed as XAU/USD price × BHD/USD rate. We use the year-end exchange rate consistently across all December 2024 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Bahrain, add the country-specific levies described in the “Bahraingold market” section above.
FAQ — Bahrain gold price in December 2024
What was the gold price in Bahrain in December 2024?
In December 2024, gold in Bahrain opened at .د.ب997/oz and closed at .د.ب988/oz — a move of -0.86% on the month. Per tola: ≈.د.ب371; per gram: ≈.د.ب32; per 10g: ≈.د.ب318.
What was the 24K gold rate per tola in Bahrain in December 2024?
The 24K gold rate per tola in Bahrain at the December 2024 close was approximately .د.ب371, derived from international XAU/USD spot of $2,627.63/oz times the 2024-end BHD/USD exchange rate of 0.376. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Bahrain in December 2024?
Bahrain's most-quoted retail standard is 24K per gram. At the December 2024 close, that worked out to approximately .د.ب32 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
BHD prices on this page are computed from the verified international XAU/USD spot price for December 2024 (sourced from gold-api.com), multiplied by the 2024-end BHD/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The .د.ب figures here represent the international gold spot price converted to BHD at the 2024-end exchange rate. Bahrain's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Bahrain? See live gold prices in Bahrain with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2024 archive or the USD-only December 2024 page with the country-by-country list at the bottom.
Other markets? Compare December 2024 prices across other major gold-trading countries: Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Oman, Jordan.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to BHD at the 2024-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Bahrain before transacting.