Athman Gold buyers, here is your end-of-week summary: gold is closing Friday April 25 near $4,710 per ounce. Last Friday, April 18, gold was near $4,818 — a week-on-week decline of approximately $108 per ounce, or roughly $3.47 per gram on a 24K basis. In practical terms at the counter:
On a 10-gram piece: you save approximately $34.70 compared to last Friday’s price. On a 20-gram bracelet: approximately $69.40 saved. On a 50-gram necklace: over $173 saved versus seven days ago. These are the largest week-on-week gram savings of 2026 so far — and they are real, at the counter, right now.
What drove the week’s fall? Two things worked together. First, President Trump on Thursday ordered the US Navy to “shoot and kill” any boats laying mines in the Strait of Hormuz, escalating the naval standoff dramatically. A third aircraft carrier arrived in the Gulf. Two cargo ships were seized by Iran. But rather than driving gold higher as a safe haven, the escalation drove oil prices up — and higher oil means higher inflation and higher-for-longer interest rates, which strengthens the dollar and pressures gold. It is an unusual dynamic but it has been the defining one since February.
Second, the Federal Reserve’s FOMC meeting on April 28–29 is creating pre-meeting uncertainty. Markets are uncertain whether Chair Powell will acknowledge that oil-driven inflation limits his ability to cut rates this year. If he signals cuts are still possible — gold bounces. If he sounds hawkish — more pressure.
Buy now or wait? The gram savings this week are the answer. The Fed meeting next Tuesday is the next catalyst.
Today’s approximate prices: 24K — $151.44/gram | 22K — $138.82/gram | 21K — $131.88/gram
