Gold prices fell in Syria during evening trading today, Thursday, June 10, 2021, according to the Bulletin of the “Goldsmiths Association”.
While the prices of the precious metal rose to varying degrees, in the Syrian unofficial (black) market, with the rise in the average price of the dollar on the “black market”, despite the decline in gold prices globally.
Syria is facing a complex crisis with regard to gold prices, as the decline in the local currency in its value has led to the presence of two gold prices in the country.
The price of the dollar on the unofficial, parallel market, “black” in the Syrian capital, Damascus, on Tuesday evening, recorded about 3170 pounds for purchase, and 3240 pounds for sale.
The official price of gold
According to the official bulletin issued by the “Craft Society for Crafting and Making Jewelery in Damascus,” the price of a gram of 21 carat gold in Syria fell, Thursday evening, to about 157.5 thousand pounds for purchase, and 158,000 pounds for sale.
While the price of a gram of 18 carat gold in Syria decreased to about 134,929 thousand pounds for purchase, and about 135,429 thousand pounds for sale.
black market price
While the price of a gram of 24-carat gold rose in Thursday evening’s transactions, in the “black” Syrian unofficial market, to about 192,235 thousand pounds for purchase, and 196,480 thousand pounds for sale.
As for the price of a gram of 21 karat gold, it increased to about 168,281 thousand pounds for purchase, and 171.997 thousand pounds for sale.
As for the price of a gram of 18 karat gold in Thursday evening trading, it rose to about 144,326 thousand pounds for purchase, and 147,513 thousand pounds for sale.
Economic gold prices in Syria
And the price of a gram of 14 karat gold in trading on Thursday evening was about 122,168 thousand pounds for purchase, and 124.866 thousand pounds for sale.
Gold prices fell, on Thursday, in global stock exchanges, after the dollar rose slightly.
Spot gold fell 0.3% to $1,883.26 an ounce by 05:45 GMT.
US gold futures fell 0.4% to $1,888.20 an ounce.
The dollar index rose slightly to trade near 90.189 against rival currencies, which increases the cost of gold to holders of other currencies.
All eyes are on US CPI data after last month’s report showed it rose by the most in nearly 12 years in April.
According to estimates of economists polled by Reuters, the index advanced 0.4% last May.