Gold prices fell in Lebanon today, Saturday, January 22, 2022, amid anticipation in the country for the results of implementing a new exchange rate for the dollar.
The Central Bank of Lebanon announced that it will continue to allow commercial banks to buy any amount of dollars at the price of the “exchange” platform.
The price of the dollar in Lebanon ranged today, Saturday, between 23,150 thousand and 23,100 thousand pounds, while an official Lebanese source said Friday that Lebanon will apply an exchange rate between 15 and 20 thousand pounds to the dollar for operating expenses in the draft budget for 2022, in which the deficit is expected to reach 20.8 %.
Gold price in Lebanon today
The price of a gram of 24-carat gold in Lebanon fell today, Saturday, to record regarding 88.991 thousand pounds ($59.05), compared to 89,367 thousand pounds ($58.99) at the end of trading on Friday.
The price of a gram of 18 karat gold in Lebanon fell today, to 66,744 thousand pounds ($ 44.29), compared to 67,027 thousand pounds ($ 44.24) at the close of trading on Friday.
As for economic gold prices in Lebanon, the price of a gram of 14 karat gold recorded regarding 51.912 thousand pounds ($ 34.45), and the price of a gram of 12 karat gold recorded regarding 44,496 thousand pounds ($ 29.53).
The price of 21 karat gold in Lebanon today
The price of a gram of 21 karat gold in Lebanon fell this morning, to record regarding 77,869,000 pounds ($51.67), compared to 78,198 thousand pounds ($51.61 at the end of trading yesterday, Friday).
The price of an ounce in Lebanon on Friday morning was regarding 2.767 million pounds (1837 dollars), and the price of the gold pound in Lebanon today (8 grams of 21 karat) recorded regarding 622.953 thousand pounds (413.39 dollars).
Gold prices today globally
Gold hovered near its highest level in two months, as inflation and geopolitical risks boosted the safe-haven precious metal, while palladium is heading for its best week since March thanks to strong demand.
And the price of gold in spot transactions for the last trading session fell 0.2% to $ 1835.13 an ounce at 1011 GMT. US gold futures fell 0.4% to $1,835.40.
Gold rose regarding 0.9% this week following prices jumped to a two-month high of $1,847.72 on Thursday as US 10-year Treasury yields fell.
Investors are now focused on the US Federal Reserve meeting scheduled for January 25-26 as it plans to raise interest rates to counter inflation.
And the price of palladium in spot transactions jumped 0.8% to $ 2075.68 an ounce, on its way to achieving a weekly gain of more than 10%. Platinum rose 0.1% to $ 1040.40, on its way to its best week since last June.
While silver settled at 24.44 dollars an ounce on the way to record the best weekly gain in a year following rising by 6.4%.
