Eid Surge Revives Gold Trade at Manama Souq
TDT | Manama
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With Eid al-Adha approaching, Manama Souq is witnessing a renewed surge in shopper activity, with the gold sector in particular showing a noticeable revival after a relatively quiet period. During a field visit by The Daily Tribune, several jewelers noted that the market has regained vibrancy, with rising footfall and stronger buyer interest compared to recent months.
At Al Akram Jewelers, Abdullah highlighted that the drop in gold prices - from around BD 58–60 to approximately BD 48 for 21-carat gold has played a key role in boosting demand. He added that daily customer numbers have increased substantially, rising from around 10 -15 during quieter periods to nearly 40–50 visitors per day during the current festive season.
Another jeweler, Kunal Ramesh reflected that while the overall situation has improved, the influx of customers from neighboring countries such as Kuwait and Qatar - who typically seek Bahraini gold designs—remains moderate but is expected to grow gradually as Eid approaches.
Overall, traders describe the current period as a welcome boost for Manama Souq, with Eid bringing renewed energy, stronger sales, and a positive outlook for the gold market. What truly stands out, however, is the return of the souq’s signature vibrancy - its bustling alleys, lively exchanges, and festive energy, firmly restoring the spirit that defines Manama Souq during peak seasons.
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