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    Home » Commerce Ministry labels over 59,000 tons of precious metals in seven months
    Kuwait News

    Commerce Ministry labels over 59,000 tons of precious metals in seven months

    Kuwaiti TribuneBy Kuwaiti TribuneOctober 1, 2025No Comments3 Mins Read
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    • To keep up market integrity, the Treasured Metals Division enforces strict measures in opposition to unstamped or counterfeit gold. Inspection groups are dispatched to shops present in violation, with unstamped items seized and referred to the Prosecution Workplace.
    • Counterfeit instances involving pretend gold or copper-filled jewellery endure lab verification earlier than authorized motion is taken. The Ministry highlighted that the adoption of the brand new official stamp below Decision No. 114 of 2021 has strengthened market regulation, alongside measures resembling a complete ban on money transactions to scale back dangers.

    The Ministry of Commerce and Trade introduced {that a} whole of 59,391 tons of valuable metals had been stamped in the course of the first seven months of 2025, producing charges estimated at 1.753 million dinars.

    In response to information from the Ministry’s Gold Division, operations peaked in April with 26.58 tons labeled, whereas January, February, and March recorded 3.22, 3.17, and 5.57 tons respectively. The remaining months included 12.79 tons in Could, 3.92 tons in June, and 4.09 tons in July.

    Silver topped the record of stamped metals, with 32,485 tons marked and charges totaling 324,920 dinars. Gold got here second with 20.23 tons, producing over 1.018 million dinars in charges. Different classes included 2.55 tons of gold inlaid with valuable stones value 182,210 dinars, 1.3 tons of silver inlaid with stones value 32,528 dinars, and one ton of gold inlaid with diamonds valued at 107,400 dinars.

    Watches and equipment additionally accounted for a major share of stamping. The Ministry reported that 0.05-sized watches totaled 708.9 kilograms, whereas stone-inlaid equipment reached 663.44 kilograms. Watches sized 0.1 amounted to 328.59 kilograms, stainless steel-ceramic watches to fifteen.8 kilograms, and silver watches with diamonds to 668 grams. Altogether, stamped watches amounted to 1.04 tons.

    Different stamped objects coated a variety of supplies, together with titanium with diamonds, artificial stones, diamond-set equipment, platinum, and diamond-set valuable metals. The Ministry famous that roughly 15,260 items of plated equipment had been stamped, producing 1.526 million dinars in charges. Moreover, 8,634 gemstone prayer beads had been stamped, with charges of 4,317 dinars.

    To keep up market integrity, the Treasured Metals Division enforces strict measures in opposition to unstamped or counterfeit gold. Inspection groups are dispatched to shops present in violation, with unstamped items seized and referred to the Prosecution Workplace.

    Counterfeit instances involving pretend gold or copper-filled jewellery endure lab verification earlier than authorized motion is taken. The Ministry highlighted that the adoption of the brand new official stamp below Decision No. 114 of 2021 has strengthened market regulation, alongside measures resembling a complete ban on money transactions to scale back dangers.

    In the meantime, native gold costs rose by 0.76% yesterday, with a gram of pure gold reaching 36.885 dinars, in comparison with 36.605 dinars within the earlier session. Costs for 22-karat, 21-karat, and 18-karat gold additionally climbed to 33.843, 32.307, and 27.691 dinars respectively, whereas the ounce reached 1,147.24 dinars.


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