The average price of gold stabilized today in Algeria, Sunday, March 13, 2022, coinciding with the global gold market holiday.
Gold price today in Algeria
And a gram of 24 karat gold in Algeria, during today’s transactions in the local market, was recorded at regarding 9,165 thousand dinars (64.05 dollars).
The gram of 21 karat gold (the most traded in the market) stabilized today in Algeria, at regarding 8,020 thousand dinars ($56.05).
While a gram of 18 karat gold in Algeria, during local market transactions today, amounted to 6.874 thousand dinars ($ 48.04).
In terms of economic gold transactions in Algeria, the average price of a gram of 14 karat gold amounted to regarding 5,346 thousand dinars ($ 37.37).
Gold price per ounce and pound today in Algeria
The average price of an ounce of gold today in Algeria, during today’s transactions in the local market, stabilized at regarding 285.042 thousand dinars (1992 dollars).
The average price of the gold pound in Algeria in today’s trading was regarding 64,159 thousand dinars ($448.39).
Global gold prices
Globally, gold prices fell below $2000 an ounce when settling Friday’s trading (the week’s closing session), with investors evaluating many 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.
And 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 Friday session was settled.
In the total trading last week, the price of futures contracts for the precious metal increased by 0.9%.