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.
Prioritising safety and transparency, the auctions ensure a fair bidding process for regional buyers, fostering trust for investors seeking high-value assets.
“We are committed to providing access to premium assets with enduring value and significant investment potential,” said Talal Alaraifi, chief executive of Mazad. “The introduction of weekly gold auctions underscores our dedication to delivering exceptional opportunities for discerning investors and passionate collectors.”
Prospective buyers can access the auctions through the Mazad website (mazad.app) or by downloading the Mazad app.
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