Last month, the Directorate of Precious Metals at the Ministry of National Economy stamped about a ton of gold (0.953 kg), while its revenues from the process of stamping gold jewelry that bears the Palestinian hallmark “The Dome of the Rock” amounted to approximately 1.11 million shekels.

The Ministry of Economy stated in a statement today, Monday, that the average price of an ounce of gold reached (1970) dollars last month, an increase of 2% compared to the same month of last year, at (1947) dollars.

Last year, the directorate stamped about 17.75 tons of gold, an increase of 93% from the average, compared to the previous five years, while the total revenues collected as a result of the stamping process amounted to 17.77 million shekels.

The Precious Metals Directorate annually stamps about 10 tons of gold jewelry, while around 577 factories, workshops, and shops work in the manufacture and sale of precious metals, employing 3,000 manufacturers and merchants, and are subject to the supervision and inspection teams of the Precious Metals Directorate.

The Directorate called on citizens to obtain an invoice containing details of the item, caliber, weight, statement, price of the item, total price, currency, and the name of the business when buying gold, and to verify the Palestinian stamp on the jewelry, in addition to the type of jewelry industry (local or foreign).