Gold prices on the Tbilisi gold exchange have declined in recent months, with the price of 1 gram falling to around GEL 370, according to market participants. Despite this correction, prices remain significantly higher compared to earlier levels, reflecting continued volatility in global markets.
On international markets, gold is currently trading at around $4,800 per ounce, down from a peak of $5,600, although it still shows a strong annual increase of nearly 44%. Over the past month alone, prices have risen by more than 8%, highlighting ongoing fluctuations in the precious metals market.
In Georgia, retail prices vary depending on purity and design. Market data shows that 1 gram of gold in Tbilisi currently starts from around GEL 300, while jewelry prices can reach GEL 370 per gram. High-purity bullion gold exceeds GEL 420 per gram, according to local traders.
Gold experts say the market remains unstable and sensitive to global price movements. “Prices are constantly changing, which creates confusion for both buyers and sellers,” said one local appraiser, noting that two months ago prices had reached as high as GEL 400 – GEL 500 per gram. Traders also observe that rising prices tend to push consumers toward lighter and more affordable jewelry options.
