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Style or security? How culture shapes gold buying habits in Kuwait

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Every community has its go-to gold, affected by tradition, resale value, aesthetics

KUWAIT: As Eid approaches, it’s easy to notice how different gold markets draw in people with different nationalities. According to local jewelers, one key factor drives these preferences: karat – the measure of gold’s purity mixed with other metals. The availability of certain karats across shops not only impacts price, but also influences the jewelry’s color, strength and the styles favored by each community.

“Each country tends to have its own distinct preference for gold karat,” said Ahmad Gad, a jeweler at Al-Mubarakiya Gold Souq, one of the most popular markets among diverse nationalities in Kuwait.

He broke down the three most common karats in Kuwait and who typically prefers each: “Indians usually go for the rich yellow of 22K gold. Arabs lean toward 21K for its shine. As for 18K, which has a softer glow, it’s often chosen by people who like European styles — Filipinos, for example.”

The Indian favorite

Indian buyers are especially drawn to 22K gold, valuing both its high purity and cultural significance. “For Indians, what matters most is purity. If it were practical, they’d choose 24K – but it’s too soft for jewelry,” said Ayoub, an Indian gold salesman who has worked in Kuwait for seven years.

Pure 24-karat gold, considered 100 percent gold, is typically reserved for bars and coins, as its softness makes it unsuitable for wearable, intricately designed jewelry. To increase durability, gold is alloyed with other metals, resulting in lower karats: 22K gold contains 91.7 percent pure gold, and is ideal for the ornate, heavily detailed pieces typical in Indian culture.

“Our classic Indian pieces can only be made with 22K,” said Naresh Kumar, a jeweler at Souq Al Wataniya in Kuwait City, which mainly serves Indian and Bengali customers. “It’s also the standard karat in India, so it’s easier to resell there.” Gad added, “Every community prefers gold that can be resold easily in their home country.”

Smart investment

Despite its cultural significance, 22K gold is less commonly stocked in Kuwait compared to 21K. You’ll find 21K gold widely available in popular markets like Al-Mubarakiya, Hawally, Salmiya and Farwaniya. According to jewelers, 21K is the most sought-after karat among Arabs. With 87.5% purity, it offers a sweet spot between visual beauty and long-term value. “21K is ideal for those who want a beautiful ornament that also holds its value,” said Gad. “It has a higher resale price compared to lower karats, especially if it’s locally made Kuwaiti gold, free of decorative cloves.”

Kuwait is known for its high-quality 21K gold, thanks in part to strong trade ties with the UAE, home to some of the Gulf’s most skilled goldsmiths. This partnership enables Kuwait to import a wide variety of 21K designs in large quantities.

Elegant, but less valuable

By contrast, 18K gold is found in smaller quantities across Kuwait, mostly in the Salmiya Gold Souq, which caters largely to Filipino buyers. While 18K contains 75 percent pure gold and is often used for dainty, European-style pieces, jewelers say it carries the highest making charges and offers weaker resale value, making it less appealing to investment-focused shoppers.

“The lower the gold’s karat, the harder it is to mold,” explained Kumar. “Working with low karats like 18K takes more time and precision, which increases labor costs.” That added labor is reflected in the making charge — a markup applied to the price of gold per gram for craftsmanship, which doesn’t contribute to the resale value.

Still, 18K remains the go-to for many Filipino shoppers and others who prioritize aesthetics over return value. “I prefer 18K because it’s simpler and more elegant,” said Rachel, a Filipino customer. “The higher-karat designs are too loud – too madame. Unlike 18K pieces which I can easily stack and wear daily without feeling it’s too much.

For many, gold is more than a fashion statement – it’s financial security. “Gold is the most affordable investment for me right now. Instead of wasting money, I buy gold. It’s like my money is still there, just preserved in a different form,” said Nada Dawod, an Egyptian gold enthusiast.

“When I was younger, I loved 18K gold,” she said. “But once I started buying gold with my own money, I switched to 21K. It has better resale value and comes with a lower making charge. Even if I like a design in 18K, I try to find a similar one in 21K.”

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NBK warns customers about risks of fraudulent online shopping offers

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KUWAIT: In line with its unwavering commitment to fostering financial literacy and empowering all segments of society, NBK continues to bolster its support for the “Let’s Be Aware” banking awareness campaign. Spearheaded by the Central Bank of Kuwait in collaboration with local banks and Kuwait Banking Association (KBA). As part of its commitment to customer protection, NBK is actively educating the public about fraudulent online shopping offers, often promoted through social media. These scams typically feature links to fake applications or websites that lure victims with enticing discounts and promotions.

Designed to mimic legitimate platforms, these fraudulent sites deceive users into providing sensitive personal and banking details — such as account and credit card numbers — ultimately compromising their financial security. NBK urges customers to remain vigilant and avoid engaging with suspicious links, reinforcing its dedication to safeguarding the community from cyber threats. NBK advises customers to exercise caution and avoid being misled by deceptive shopping deals that promise steep discounts. The bank emphasizes the importance of verifying website URLs and refraining from clicking on links from unknown sources — especially those received via email that advertise offers that appear too good to be true.

Furthermore, NBK cautions customers about the risks of saving credit card details on e-commerce websites or browsers for faster future transactions. The bank highlights that such platforms are susceptible to security breaches, potentially exposing stored banking data to theft. The Bank also emphasizes that it will never request personal information via email, text messages, or phone calls. Additionally, NBK warns customers against responding to such messages, as they are often fraudulent attempts to steal banking credentials, sensitive data, or funds.

NBK remains vigilant in monitoring emerging fraud tactics, educating customers, and providing clear guidance on how to stay protected. Through comprehensive awareness materials shared across its digital platforms, the bank continuously emphasizes the importance of engaging only with trusted links and avoiding interactions with unidentified sources. Harnessing its vast communication capabilities, NBK utilizes all its digital channels — boasting the largest following among Kuwaiti banks — to ensure the widest dissemination of the campaign’s messages, effectively reaching the largest possible audience.

Led by the Central Bank of Kuwait in partnership with Kuwait Banking Association, “Let’s Be Aware” stands as the region’s most comprehensive financial literacy campaign. Aimed at empowering bank customers, the initiative delivers essential education on critical financial topics. Key focus areas include practical steps to prevent fraud, strategies for maximizing banking services, and fostering a strong culture of savings and investment. By equipping individuals with the knowledge and tools to make informed financial decisions, the campaign strengthens financial security and resilience across Kuwait’s banking sector.

As a leading financial institution in Kuwait and the region, NBK remains a key supporter of the Central Bank of Kuwait’s initiatives aimed at enhancing financial literacy and promoting banking awareness across all segments of society. The bank actively organizes various educational events to keep the community informed about critical banking issues while also investing in specialized training programs for its employees. By strengthening expertise in fraud prevention and financial crime mitigation, NBK reinforces its commitment to safeguarding customers and upholding the integrity of the financial sector.

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Kuwait unveils Bayraktar TB2

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Ministry of Social Affairs distributes hearing aids to citizens

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KUWAIT: Minister of Social Affairs, Family and Childhood Affairs Dr Amthal Al-Huwailah on Thursday announced the distribution of the first batch of hearing aids to citizens with hearing impairments, following a years-long suspension. The initiative aims to support their daily lives and enhance their ability to communicate and integrate into society. Speaking to Kuwait News Agency (KUNA), Dr Al-Huwailah emphasized that hearing aids are vital tools that enable individuals to lead independent lives and engage naturally with their surroundings.

“This is just the beginning,” she said, noting that subsequent batches will follow to meet all pending requests, with priority given based on the order of application. She also underscored the commitment of the Public Authority for the Disabled to continue providing a range of assistive and prosthetic devices—including wheelchairs and other essential equipment—to empower individuals with disabilities both psychologically and socially, and to further support their integration into the community. — KUNA

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