Mazad, a unit of Bahrain’s sovereign wealth fund Mumtalakat, announced the launch of weekly online auctions featuring 24K gold bars and 22K gold jewellery, catering to investors seeking to capitalise on rising gold prices.
The inaugural auction began yesterday and runs until next Thursday, offering buyers a chance to acquire gold at potentially attractive prices amidst a global price surge. Industry experts anticipate further price increases, making the timing opportune for buyers.
Mazad’s platform will host these weekly auctions, showcasing a diverse selection of 24K gold bars and luxurious 22K gold jewellery available at competitive prices.
Prospective buyers can access the auctions through the Mazad website (mazad.app) or by downloading the Mazad app.
