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Surge in Lebanese gold demand amid global price rally, despite volatility

Gold hit an all-time high of $3,500 per ounce last Tuesday.

Surge in Lebanese gold demand amid global price rally, despite volatility

Man holding several ounces of gold at Boghos Exchange in Burj Hammoud on Friday, April 25, 2025. (Credit: Stephanie Bechara/OT)

BEIRUT — “No one goes in,” shouts one security guard to his colleague as they try to manage the crowd packed in front of Boghos Exchange, a local gold and silver seller in Burj Hammoud (Matn). Inside the store, the situation is no different: dozens of people are queuing to buy precious metals at every counter, as electronic screens in the corners of the room flash real-time commodity prices.This has been the state of the shop for the past five weeks, managing director Chris Boghos says to L’Orient Today.Further north in Tripoli, Ahmad Tleihi, owner of a local jewelry store, shares a similar story. “There's been an uptick in demand the past two weeks, especially for gold coins and ounces,” he says. “I’ve noticed a considerable wave of new faces coming in, beyond my usual clientele, either to ask questions or make a purchase.”Since the...
BEIRUT — “No one goes in,” shouts one security guard to his colleague as they try to manage the crowd packed in front of Boghos Exchange, a local gold and silver seller in Burj Hammoud (Matn). Inside the store, the situation is no different: dozens of people are queuing to buy precious metals at every counter, as electronic screens in the corners of the room flash real-time commodity prices.This has been the state of the shop for the past five weeks, managing director Chris Boghos says to L’Orient Today.Further north in Tripoli, Ahmad Tleihi, owner of a local jewelry store, shares a similar story. “There's been an uptick in demand the past two weeks, especially for gold coins and ounces,” he says. “I’ve noticed a considerable wave of new faces coming in, beyond my usual clientele, either to ask questions or make a...