The average price of gold rose today in Syria, Saturday, March 12, 2022, with the beginning of the weekend in the global gold markets.
Gold price today in Syria
The average price of a gram of 24-carat gold in Syria rose today, to regarding 160,905 thousand pounds ($64.05).
The average price of a gram of 21 carat gold in Syria (the most traded one in the market) also increased to regarding 140,796 thousand pounds ($56.05).
While the average price of a gram of 18 karat gold in Syria in today’s trading was regarding 120,681 thousand pounds ($48.04).
As for economic gold prices in Syria today in the local markets, the average price of a gram of 14 karat gold was recorded at regarding 93,862 thousand pounds ($ 37.37).
The price of an ounce and the gold pound today in Syria
The average price of an ounce of gold today in Syria, during evening transactions in the local markets, rose to the level of 5.004 million pounds (1992 dollars).
The average price of the gold pound in Syria today (8 grams of 21 karat) has risen to regarding 1.126 million pounds ($448.39).
Gold prices today globally
Globally, gold prices fell below $2000 an ounce when settling trading on Friday (the week’s closing session), with investors evaluating several geopolitical and economic developments.
Investors’ appetite for safe assets declined following Russian President Vladimir Putin stated that some progress had been made in talks with Ukraine, although he did not elaborate on the details of this improvement in the discussions between the two sides.
Data revealed that the “Michigan” index of consumer confidence in the United States fell to its lowest level in 11 years at 59.7 points, compared to 62.8 points last February, with fears of increasing prices in the country.
The markets are awaiting the Federal Reserve’s meeting scheduled for next week, amid expectations that the US Central Bank will raise the interest rate for the first time since the start of the “Corona” pandemic.
The US consumer price index rose 7.9% in February on an annual basis, the highest pace recorded since 1982.
And the price of gold futures contracts for April delivery fell by 0.8%, or the equivalent of $ 15.40, to reach $ 1985 an ounce when the session was settled yesterday, Friday.
In the total trading last week, the price of futures contracts for the precious metal increased by 0.9%.
