Mazad launches weekly online auctions for premium 24K gold bars amid rising global prices 

The auctions were designed with an emphasis on safety, security, and transparency, ensuring a reliable environment for bidders across the region to invest confidently 

Manama — Mazad, a local subsidiary of Bahrain Mumtalakat Holding Company ‘Mumtalakat’, introduced a series of weekly online auctions featuring premium 24K gold bars and 22K gold jewellery. The inaugural auction ran from August 21 to August 29, offering investors a chance to acquire these high-value assets at competitive prices. 

In the context of soaring global gold prices, Mazad’s auctions present a strategic opportunity for investors. Experts forecast a continued rise in gold prices, suggesting that now is an opportune moment for buyers to invest rather than sell. 

Mazad’s platform hosted a range of 24K gold bars and luxurious 22K gold jewellery, available at prices below current market rates. The auctions were designed with an emphasis on safety, security, and transparency, ensuring a reliable environment for bidders across the region to invest confidently. 

Talal Alaraifi, CEO of Mazad, underscored the company’s dedication to providing high-quality investment options. “Our weekly auctions featuring 24K gold bars exemplify Mazad’s commitment to offering valuable opportunities for both investors and collectors,” Alaraifi said. 

In Bahrain, the jewellery market is experiencing a dynamic shift. The rising global gold prices have led to increased interest from investors and collectors seeking stable and valuable assets. Mazad’s initiative aligns with the growing trend of investing in precious metals as a hedge against market volatility. 

Mazad’s auctions are set to meet the increasing demand for gold investment opportunities, reflecting the vibrant and evolving landscape of Bahrain’s jewellery market. 

Retail Jeweller ME News