Welcome to Jawhara Al Maaden’s gold guide for Thursday August 13. Gold stands near $4,400 per ounce — a two-month high — and our customers are asking excellent questions. Here are the clearest answers we can give, in the friendly spirit our shop is known for.
Today’s prices:
24K: ~$141.45/gram | 22K: ~$129.65/gram | 21K: ~$123.75/gram | 18K: ~$106.10/gram
Q: Why did gold rise this week?
A: America’s inflation report on Wednesday showed prices cooling to 3.4% — and with America also losing jobs last month, almost nobody now expects an interest rate rise in September (the chance fell to about 40%). When rates stay low, gold — which pays no interest — becomes more attractive, so buyers stepped in and lifted it above $4,400.
Q: I heard the Hormuz peace deal was close. What happened?
A: The hopes of last week faded, honestly. Iran has ruled out direct talks with Washington for now, and its officials say the strait stays closed until their conditions are met. Only 14 ships crossed on Tuesday. This keeps oil high near $89 — difficult news for the region — but it also keeps gold well supported, because gold is what people trust when uncertainty lasts.
Q: Is $4,400 too expensive? Should I wait?
A: Consider the honest numbers. Gold is still about 21% below January’s record of $5,597. Analysts expect $4,500 to $4,900 by year-end. And waiting has been costly — since the start of August, a 50-gram necklace has risen more than $530 in gold value. If your occasion is soon, buying now is sensible. If you are flexible, today’s American producer-price report (this afternoon our time) could briefly dip prices toward $4,360 — a fair second chance if it comes.
Q: What about silver? Everyone is talking about it.
A: Rightly so — silver passed $65 this week, its highest in seven weeks. Mixed gold-and-silver jewellery is 2026’s smartest trend, and it lets you enjoy both shining metals in one look.
Q: What is the wisest way to buy in a rising market?
A: The same wisdom as always: buy what your occasion needs without delay, and for savings, buy steadily — a fixed amount monthly — rather than guessing days. The world’s central banks buy this way, month after month, and they have been the year’s most successful buyers.
Q: What should I watch next?
A: Today’s American producer prices, tomorrow’s retail sales, and any news from the strait. Big data can swing prices within hours.
Important: Please confirm the live price with us before purchasing — the market moves quickly these days.
Gold is up about $1,000 from a year ago — patient hands have been rewarded. Jawhara Al Maaden thanks you for your wonderful questions and welcomes you always, with answers as clear as our gold is bright.
Today’s prices: 24K — $141.45/gram | 22K — $129.65/gram | 21K — $123.75/gram
All prices USD. Thursday August 13 indicative. Volatile market. Please confirm final pricing in store.
