Golden Opportunities: Hajj Pilgrims Flock to Saudi Markets for Souvenirs
Every year, markets in Saudi Arabia witness increased footfall as Hajj pilgrims look for souvenirs and gifts to commemorate the journey of a lifetime.
The gold market, especially in Makkah, Madinah, and Jeddah, thrives with its showcase of intricate designs, from traditional to contemporary styles, catering to diverse jewelry tastes.
Speaking to Arab News, Mohammed Akbar, a trader in Jeddah said: “During the Hajj season, we make it a point to showcase designs that cater to all nationalities. Pilgrims from diverse countries have a penchant for various types of gold.
Inspecting Quality: Ministry of Commerce Ensures Safe Shopping Experience
The Ministry of Commerce recently sent inspection teams across Madinah, which conducted over 12,765 visits to commercial establishments and centers as part of its Hajj season operational plan to ensure pilgrims a safe shopping experience.
“Buying gold is viewed as an investment, particularly by many Asian and African pilgrims, as they often find gold jewelry to be more affordable and of superior quality compared to what is available in their home countries. We expect an increase in gold sales this year.”
Rising Price of Gold: A Trend Among Hajj Pilgrims
The rising price of gold has emerged as a significant trend, indicating the increasing demand and investment appeal of this valuable metal among pilgrims. As per traders, the rates for 21-carat gold are expected to range between SR250 ($66.6) to SR254 per gram, and SR267 per gram for 22-carat gold during the Hajj season.
Highlighting the Souvenirs: Beyond Gold Purchases
Beyond gold purchases, the market for Hajj souvenirs includes an array of items with Islamic motifs. Handcrafted goods, such as calligraphy art, prayer beads, and intricately designed prayer rugs, serve as tangible reminders of the sacred journey undertaken by pilgrims. These souvenirs not only hold sentimental value but also serve as meaningful gifts to loved ones back home.
The Ministry of Commerce recently sent inspection teams across Madinah, which conducted over 12,765 visits to commercial establishments and centers as part of its Hajj season operational plan to ensure pilgrims a safe shopping experience.