Gold prices rose in Algeria, this evening, Friday, July 23, 2021, despite the stability of the prices of the yellow metal globally.
And the price of a gram of 24 carat gold, in Algeria, today, Friday, increased to about 7809 dinars ($ 57.99).
The price of a gram of 21 karat gold (the most traded in the market) also rose to about 6833 dinars ($50.74).
And the price of a gram of 18-karat gold in Algeria rose to about 5857 dinars ($43.49).
As for economic gold prices in Algeria, the price of a gram of 14-karat gold scored about 4,555 dinars ($33.83).
While the price of a gram of 12-carat gold was about 3904 dinars ($29).
Gold price per ounce and pound
And the price of an ounce of gold in Algeria increased, in Friday’s trading, to about 242.855 thousand dinars (1804 dollars).
The price of the gold pound in Algeria (8 grams of 21 carat) also increased to about 54,663 thousand dinars ($405.94).
global gold prices
Gold prices are heading for the first weekly decline in five weeks, despite their stability in Friday’s trading, on global stock exchanges, as the rise of the dollar made the metal more expensive for holders of other currencies, and faced the support coming from the decline in US bond yields.
And the price of gold settled in spot transactions at $1807.45 an ounce by 06:34 GMT.
Meanwhile, US gold futures settled at $1,806.20.
At these prices, gold is down by 0.2% since the beginning of the week.
The dollar index is heading near its highest level in 3.5 months, against other major currencies, and is heading for the second weekly rise in a row.
And “Fitch Solutions” expected, in a note, that gold will remain stuck within this range in the coming weeks..However, inflation will remain a major driver of gold prices in the coming months, and support prices in the near term.
Giving some support to gold, yields on US Treasuries fell.