Gold prices, both local and importedhave known a decline in recent days in Algeriaafter a summer period marked by particularly high prices.
This was revealed by an investigation carried out by the television channel Ennahar from several jewelry stores in the wilaya from Oum el Bouaghi. According to the information collected, the price of gold has decreased slightly. This decrease is between 300 and 1000 DA per gram.
Thus, current prices are between 17,000 DA and 17,500 DA per gram pour l’or local, and between 18,500 and 21,000 DA for imported gold.
A jeweler interviewed by Ennahar explained that the increase in prices observed during the summer period was mainly due to the wedding season. This upward trend was reversed with the arrival of winter.
He also pointed out that gold prices have seen a some instability since the start of the new year.
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This drop in prices was welcomed by consumers, who took the opportunity to buy gold in anticipation of a possible future rise.
-To recap, the gold market in Algeria is currently experiencing a stabilization phase after a period of high volatility. Prices have fallen, providing consumers with a purchasing opportunity.
Gold price in Algeria: a year 2024 under high tension
If the start of 2025 is marked by a certain stabilization of gold prices, it should be remembered that the previous year was particularly tumultuous for this precious metal. Indeed, 2024 was characterized by a meteoric and unexpected rise gold prices, both on the international and local markets.
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In October 2024 in particular, gold prices reached record highs, surprising market participants and consumers. In Algeria, the gram of local gold was then exchanged around 18 000 AD, while imported gold could reach 22 000 AD, either a increase of approximately 20% in just one month.
This buying fever was not limited to new gold. Second-hand gold also saw its prices rise, although less pronounced. The Italian gram of gold, for example, traded from 14 300 AD in October 2024, a high level compared to previous years.
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