Gold & Silver Price Today in Palestine
Live prices per gram in ILS
Live gold and silver prices in Palestine in ILS. Gold karats 24/22/21/18/14K and silver purities 999/925/900 — updated daily.
🥇 Gold Price — Palestine
| Karat | Per Gram (ILS) |
|---|---|
| 24K | |
| 22K | |
| 21K | |
| 18K | |
| 14K |
ILS/gram
ILS/gram
ILS/gram
ILS/gram
ILS/gram
21K Gold — 7-Day Chart (ILS/gram)
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Silver Price Today in Palestine
Fine 999, Sterling 925 and Coin 900 silver prices in ILS per gram, ounce and kilo. Updated daily from live XAG/USD rates.
| Purity | Per Gram (ILS) |
|---|---|
Fine 999 Silver — 7-Day Chart (ILS/gram)
Gold in Palestine
Palestine has a vibrant gold tradition, with jewelry playing a central role in weddings and family savings. The gold markets of Ramallah, Nablus, and Jerusalem's Old City are the main trading centers in the West Bank, while Gaza has historically had active gold shops in its downtown markets. Prices are quoted in both Israeli New Shekel (ILS) and Jordanian Dinar, reflecting Palestine's complex currency situation.
Local Market Context
Palestinian gold is sold primarily in ILS in the West Bank (under Israeli economic arrangements through the Paris Protocol), with JOD also used in border regions. Jerusalem's Old City souk hosts traditional Arab gold shops alongside Israeli dealers. Palestinian goldsmiths are known for distinctive designs blending Levantine and traditional Arab motifs. Gold is considered one of the most important gifts at Palestinian weddings.
Taxes & Duties on Gold in Palestine
Palestine applies a 17% VAT (following Israeli VAT law under the Paris Protocol in the West Bank) with no additional import duty on gold. This 17% VAT makes Palestine's jewelry prices noticeably higher than VAT-free Arab neighbors like Kuwait and Qatar. The displayed price on freshgoldprice.com includes the 17% VAT in the retail figure.
Buying Tips for Palestine
Compare prices between Jerusalem Old City shops, Ramallah jewelry districts, and Nablus market before buying. Always verify the karat stamp and request a weight receipt. In the West Bank, prices are typically quoted in ILS — verify the ILS/JOD rate if comparing to Jordanian prices. Buy from established dealers with visible shop registrations for quality assurance.
Gold as an Investment in Palestine
Gold is a primary savings vehicle for Palestinian families given limited access to formal financial markets and ongoing economic uncertainty. The 17% VAT means bullion investment is more expensive than in GCC markets, but the security and liquidity of physical gold outweigh this for most investors. Small gold coins and bracelets are particularly valued for their portability and universal acceptance.
Gold & Silver Price FAQ — Palestine
- What is the gold price per gram in Palestine today?
- The current gold price per gram in Palestine is shown in the gold table above in ILS, sourced from international XAU/USD spot rates converted to local currency.
- Which gold karat is most popular in Palestine?
- Gold karats vary in popularity across Palestine. The price is shown in the table above in ILS per gram.
- How are gold karats calculated?
- Pure gold is 24K. Price per gram of each karat = 24K price × (karat ÷ 24). So 18K gold = 75% pure gold.
- What is the silver price per gram in Palestine today?
- The current silver Fine 999 price per gram in Palestine is shown in the silver section above in ILS, updated daily from live XAG/USD spot rates.
- What is the difference between Fine 999 and Sterling 925 silver?
- Fine 999 silver is 99.9% pure and is the standard for investment bars and bullion. Sterling 925 is 92.5% silver alloyed with copper, widely used for jewelry and silverware.
- Does the gold price in Palestine include VAT?
- Yes. Palestine charges 17% VAT on gold jewellery — already factored into the price above.
- What currency is gold priced in for Palestine?
- Gold in the West Bank is primarily priced in Israeli New Shekel (ILS), reflecting the Paris Protocol economic arrangements. Jordanian Dinar is also accepted in many border regions. Gaza prices are increasingly quoted in ILS or USD.
- Is there VAT on gold in Palestine?
- Yes. The West Bank applies a 17% VAT on gold purchases under the Paris Protocol (aligned with Israeli tax law). There is no import duty, but the 17% VAT makes Palestinian jewelry prices higher than zero-VAT Arab neighbors.
- What karat is most popular in Palestinian gold jewelry?
- 21K is the standard for Palestinian wedding jewelry and traditional pieces. 18K is common for modern designs. Gold is central to the traditional Palestinian wedding gift (mahr), where the groom presents the bride with gold jewelry.