KUWAIT: The Ministry of Commerce and Industry affirmed that all commercial activities related to gold, jewelry, and precious metals are subject to strict control procedures in accordance with applicable regulations and legislation, noting that continuous inspection tours are conducted in the gold market to apply the highest standards of quality and integrity. The official spokesman for the Ministry of Commerce, Abdullah Al-Harz, denied in a press statement on Monday the news circulating on social media about the seizure of quantities of gold bearing forged stamps, explaining that it is an old incident dating back to 2021 and that necessary measures were taken at the time.

Al-Harz added that the joint team between the Commercial Control Department and the Precious Metals Department continuously conducts inspection tours in the gold market to apply the highest standards of quality and integrity, in addition to ensuring the accuracy of the scales used and adherence to the required conditions in the buying and selling processes for consumers.

He urged the consumer to obtain an invoice for purchasing gold from the store that shows the weight, carat, and value in detail, after which he can go to the Precious Metals Department at the Ministry of Commerce and Industry to examine the gold to verify what is written on the invoice. He stressed that the Ministry of Commerce will not be lenient in enforcing the law to ensure the protection of consumer rights and achieve transparency in the market to enhance market control and ensure compliance with laws. — KUNA