Top key features and benefits
Ministry of Commerce
Trading Ability via
- For the purpose of saving and investing, KFH presents the “Gold” account to guarantee the most secure and easiest mean for selling and buying Gold bars.
- Own the purest form of gold (purity percentage of 999.9).
- The opportunity to achieve high returns by making use of the global increase of gold prices.
- Competitive prices and accessible to everyone.
- Highly secured, as all the gold biscuits are issued and guaranteed by “KFH” as well as the Ministry of Commerce.
- Packaged with safe high standards.
- Flexibility on custody by either keeping the gold with the client or at “KFH”.
- Free custody for gold biscuits at “KFH”.
- An easy way to open account, buy and sell gold biscuits through KFH online application starting from 100g.
- Minimum opening balance is 100 grams of Gold.
- No opening fees for "Gold" Account.
- The account is opened only for individuals and may not be opened for legal entities.
- The minimum legal age to open the "Gold" account is (21) year.
- The customer is not permitted to deal with the "Gold" account by directly making cash payments in exchange for gold; to verify the purchase and sale transaction, the existence of an individual bank account for the customer “Current” account, “Savings” account, or “Electronic” account at KFH is a requirement,in Kuwaiti Dinars.
- The traded gold has a 24 finesse with a purity rate of 999.9 and the weight of the traded. gold bars exists in units of 100 grams.
- The minimum amount required to open the "Gold" account is a purchase of 100 grams of gold.
When KFH sells the gold to the customer, the customer has one of the following options:
- To store at KFH all the gold that it has purchased;
- To store at KFH part of the gold that it has purchased.
- To fully withdraw and take possession of all the gold that the customer has purchased from KFH.
- Buy and sale transactions of gold are based on exchange rates valid at the time of the transaction; the rates that KFH announces are derived from daily gold prices that may be subject to multiple price fluctuations each day.
- The customer may only conduct buy and sale transactions for gold bars issued, approved, and sealed with security marks by KFH, with particular sequence numbers, though the gold bar units do not necessarily need to be in sequential order upon actual delivery to customer so long as they include the agreed weight for each transaction.
This account can be opened on KFHOnline or in one of the following KFH's branches:
- Head Office.
- Mubarak Al-Kabeer.
- “Al-Nukhba” and “Al-Ruwwad” branch at “Baitak” tower.
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