Gold prices stabilized in Algeria today, Monday, January 18, 2021, in early morning trade, amid a lull following global market holidays.
The price of a gram of 24 carat gold in Algeria during early trading Monday morning was about 7 thousand and 819 dinars.
The price of a gram of 21 carat gold at the beginning of Monday’s trading was about 6,842 dinars.
The price of a gram of 18 carat gold was about 5864 dinars.
Economic gold prices
The price of a gram of 14 carat gold in Algeria, when opening transactions on Monday, was stable at about 4,561 dinars.
The price of a gram of 12 carat gold was about 3909 dinars.
The price of an ounce and a pound of gold
The price of an ounce of gold in Algeria remained at 243,164 dinars (1830 dollars).
The price of the pound of gold was about 54 thousand and 733 dinars (411.82 dollars).
The world gold prices had concluded its last dealings last Friday, down by more than 1%.
And the yellow metal suffered its second weekly loss in a row.
Gold prices were affected after the dollar continued to rise, casting a shadow over the appetite for gold as a hedge against inflation.
Gold has not yet benefited from US President-elect Joe Biden’s announcement of a new stimulus package worth $ 1.9 billion.