Gold’s surging value is a global phenomenon, but Israel’s unique dynamics amplify the issue
Gold prices roared back with a vengeance in 2024, hitting a staggering $2,700 per ounce ($87,000 per kilo) this week — a 35% spike since the start of the year.
While this surge might delight investors, it’s causing headaches for travelers passing through Israel. Increasingly, families are being stopped at Ben-Gurion Airport and slapped with taxes on personal items — or worse, forced to surrender their jewelry under allegations of illegally importing gold.
Here’s what you need to know about this glittering dilemma:
A kilogram of gold was worth $65,000 at the beginning of the year. Last week, it hit $90,000. Enough to stir up some excitement, wouldn’t you say?
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