Gold Price in Palestine Today

Gold price in Palestine today, updated live with the world spot price and the daily shekel exchange rate: gram prices for 21K, 24K and 18K in shekels, Jordanian dinars and US dollars, plus the ounce, bullion and silver. Palestine is a 21K country — stamped 875, it is the karat of Palestinian jewellery and dowries — and it is a three-currency market: the same piece can be quoted in shekels in one shop, Jordanian dinars in the next and dollars in a third. This page shows all three side by side, because the gold and its world price are one — only the quoting currency changes.

Gold in Palestine — what to know

The heart of the trade is the gold market of Jerusalem’s Old City, with further markets in Nablus, Ramallah, Hebron — a city long known for its traditional crafts — and Gaza City. The key local facts for visitors: Palestinian jewellery is 21K (875) by law and custom, following the Jordanian and Levantine karat tradition, and the market thinks in three currencies at once — the shekel for daily trade and payment, the Jordanian dinar (pegged at 0.709 per dollar for decades) as the historic savings and trade currency many people ask prices in first, and the US dollar for savings and the diaspora. Always ask which currency a quote is in before comparing it with any table, including ours. Shop prices for new jewellery sit above the raw spot-derived gram price, because workmanship and the shop’s margin are added on top; there is no official fixed workmanship rate in Palestine, so we publish none, and our Arabic checker page splits any shop quote into raw value versus additions so you can compare jewellers yourself. The same spot basis applies in the West Bank and Gaza alike; what varies locally is availability and each shop’s margin, and we publish no invented regional price. Gold lira coins also circulate — the Ottoman Rashadi and the English sovereign, both 22K historical pieces — and because surviving coins vary by issue and condition, we price them by the open formula: the day’s gram price for 22K, times the coin’s actual weighed weight — any lira should be weighed and its hallmark checked before money changes hands.

The Arabic Palestine section

Every Palestine page also exists in Arabic with the full toolset: the flagship 21K page, 24K, 18K, silver, bullion and the gold lira, the ounce, a gold calculator with unit converter and portfolio tracker, a zakat calculator, a price checker, and a sell calculator for the used market: أسعار الذهب في فلسطين بالعربية

Frequently Asked Questions

What is the gold price in Palestine today?

Live Palestine prices are in the table above: gram prices for 21K, 24K and 18K in shekels, Jordanian dinars and US dollars, updated with the world spot price and the daily shekel rate. When this page was built, 21K — Palestine’s standard — was about 361.89 shekels per gram and 24K about 413.59 shekels at a spot price of $4,195.60 per ounce and a shekel rate of about 3.07 per dollar. These are raw metal values before workmanship and shop margin.

What does ‘875 gold’ mean in Palestine?

It is the hallmark number for 21K: 875 parts per thousand (87.5%) pure gold. Palestine follows the Jordanian and Levantine tradition, so 21K/875 is the legal and popular standard for jewellery and dowry sets. 24K is reserved for bars and ounces; 18K appears mostly in fine, stone-set and imported pieces.

Why is gold quoted in three currencies in Palestine?

Because daily life runs on three currencies: the shekel is the currency of wages, bills and most payments, so gold is usually paid for in shekels; the Jordanian dinar — fixed at 0.709 per dollar — is the historic savings and trade currency, and many buyers ask for the dinar price before the shekel price; and the US dollar serves savings and the diaspora. The gold and its world price are identical in all three — only the unit of the quote changes. Never compare a dinar quote with a shekel table without converting.

How are the shekel prices calculated?

We take the world spot price in US dollars and convert it at the daily market rate for the shekel — about 3.0661 per dollar when this page was built. Dinar figures are derived from the same world price at the dinar’s fixed peg of 0.709 per dollar, and dollar figures are the world price itself per gram. That is also why Palestinian gold prices in shekels can move even on a day when world gold is flat, if the shekel rate itself moved.

Where do people buy gold in Palestine?

In the gold market of Jerusalem’s Old City, and in jewellers across Nablus, Ramallah, Hebron and Gaza City. Always buy with an official invoice showing weight, karat and price, and check the 875 hallmark on jewellery; for investment, buy sealed stamped bars from a recognised dealer so resale is easy. Used gold is widely traded too — pieces sold for melting are valued on their pure-gold content only.