Gold prices in Tunisia declined, during trading this evening, Monday, January 10, 2022, amid anticipation of global price developments.
Gold price today in Tunisia
The price of a gram of 24 karat gold in Tunisia decreased during evening trading, recording 166.35 dinars ($ 57.74).
The average price of a gram of 21 karat gold (the most traded in the market) in Tunisia also decreased, recording 145.56 dinars ($ 50.53).
While the average price of a gram of 18 karat gold in Tunisia was regarding 124.77 dinars ($43.31).
In terms of economic gold transactions in Tunisia, the average price of a gram of 14 karat gold was regarding 97.04 dinars ($ 33.68).
Gold price per ounce and pound in Tunisia
The average price of an ounce of gold fell during trading this evening in Tunisia, at regarding 5174 dinars (1796 dollars).
The average price of the gold pound also decreased in trading this evening in Tunisia, at regarding 1165 dinars ($ 404.21).
Global gold prices
They rose despite US 10-year Treasury yields hitting a two-year high, while traders hedge once morest inflation and existing geopolitical risks.
And the price of gold in immediate transactions 0.3% to $ 1800.76 an ounce by 1148 GMT, recovering slightly following falling to its lowest level since December 16 on Friday.
The price of gold in the US futures market also rose 2.0% to $1800.30.
The increase in yields weighed on the stock market on Monday as investors feared the possibility of higher US interest rates.
The core US CPI is expected to rise 5.4% year-on-year in December, up from 4.9% the previous month, which might underscore the need for the Federal Reserve to raise interest rates sooner than expected.
Some investors consider gold a hedge in the face of high inflation, but it is vulnerable to rising US interest rates, which increase the opportunity cost of holders of the yellow metal that does not generate returns.
In other precious metals markets, the price of silver in spot transactions rose 0.06% to $22.44 an ounce, platinum rose 0.4% to $958.51 an ounce and palladium rose to two thousand dollars an ounce.
