Gold prices stabilized today in Palestine, Sunday, February 27, 2022, with the international financial markets continuing to close their doors, and to resume their activity on Monday.
Gold price today in Palestine
The average price of a gram of 24-carat gold in Palestine, during local market transactions today, was about 196.44 shekels ($60.77).
The average price of a gram of 21 karat gold in Palestine (the most traded in the market), during today’s local transactions, was about 171.89 shekels ($53.18).
The average price of a gram of 18 karat gold during today’s transactions in Palestine in the local markets was about 147.33 shekels ($45.58).
In terms of economic gold transactions in Palestine, the average price of a gram of 14 karat gold recorded about 114.59 shekels ($35.45).
Gold price per ounce and pound today in Palestine
And the average price of an ounce of gold today in Palestine, during transactions in the local markets, was about 6,109 thousand shekels (1890 dollars). The average price of the gold pound was 1,375 shekels ($425.41).
Gold prices today globally
Globally, global financial markets caught their breath at the end of last week, and gold prices fell, after a strong rise since trading last Thursday, following the Russian military operation on Ukraine.
On Thursday, the price of an ounce jumped to the level of $ 1970, the highest level in 18 months, before declining later, after US President Joe Biden confirmed that his country’s army would not interfere in Ukraine.
At the end of Friday’s session, spot gold prices fell by 0.77% to $1889.28 an ounce.
And at the end of last week, Goldman Sachs strategists said that the rally in gold may reach a new record at $2,350, helped by demand for ETFs, on the back of the situation in Ukraine.