Gold prices fell today in Tunisia, Friday, March 11, 2022, coinciding with the decline of the yellow metal in global markets.
Gold price today in Tunisia
The price of a gram of 24 karat gold in Tunisia, during evening trading today, fell to regarding 185.93 dinars ($ 63.09).
The price of a gram of 21 karat gold in Tunisia (the most traded in the market) fell this evening, to regarding 162.70 dinars ($ 55.21).
Meanwhile, the price of a gram of 18 carat gold in the evening trading in Tunisia was regarding 139.45 dinars ($ 47.32).
In terms of economic gold transactions in Tunisia, the price of a gram of 14-karat gold decreased to regarding 108.46 dinars ($36.80).
Gold price per ounce and pound in Tunisia
And the price of an ounce of gold fell today in Tunisia, during evening trading, to regarding 5.783 thousand dinars (1962 dollars).
The price of the gold pound (8 grams of 21 carat) also fell this evening, in Tunisia, to regarding 1302 dinars ($441.66).
Gold prices today globally
Gold fell on Friday, as US Treasury yields rose overnight on data that indicated a sharp rise in inflation, but prices are heading for their second consecutive weekly gain following no progress in talks between Russia and Ukraine.
And gold fell in spot transactions 0.6% to $ 1984.91 an ounce (an ounce) by 0615 GMT. US gold futures fell 0.6% to $1989.20.
“Trading is very much going to be war-driven once more,” said Stephen Innes, managing partner at SBI Asset Management. “But what will weigh on sentiment if there is no escalation on the war front is the Federal Open Market Committee, which will be much hawkish.” A bit more than what the market thinks now.
Gold is highly sensitive to higher US interest rates, as it increases the opportunity cost of owning the non-yielding metal.
As for other precious metals, palladium rose 0.2% to $2,933.67 an ounce. The metal hit an unprecedented high of $3,440.76 on Monday, backed by fears of supply disruptions from Russia, its largest producer.
Silver fell in spot transactions 0.9% to $ 25.64 an ounce, while platinum fell 0.7% to $ 1061.23, and is heading to incur the largest weekly loss since November.
