The Ministry of Commerce and Industry has announced a major update under the Kuwait gold trading law 2025, officially banning the sale and purchase of gold in cash.
According to Ministerial Resolution No. 182 of 2025, all institutions and companies operating under the Ministry’s supervision in the fields of gold, precious stones, and precious metals are now prohibited from conducting any cash transactions when concluding contracts or executing deals. Instead, all payments must be made using non-cash methods approved by the Central Bank of Kuwait, in full compliance with its regulations. This move comes as a key enforcement measure under the Kuwait gold trading law 2025 to ensure transparency and accountability in gold trading.
The Ministry clarified that this step aims to enhance financial transparency, reduce money-laundering risks, and align the gold sector with the national digital payment framework. Violations of the Kuwait gold trading law 2025 will result in immediate closure of the establishment and referral to the competent investigative authorities for legal action, in addition to any penalties prescribed under existing laws.
All traders and companies are urged to comply strictly with the new regulation and update their transaction methods accordingly. Adhering to the Kuwait gold trading law 2025 will help businesses avoid penalties and ensure smooth operations under the updated gold trading framework.
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