Gold prices fell in Syria this evening, Friday, July 23, 2021, despite the stability of the precious metal prices globally.
The price of a gram of 24-carat gold decreased to about 185,949 thousand pounds for purchase and 188.837 thousand pounds for sale.
And a gram of 21 karat gold (the most traded in the Syrian market) fell to about 162.778 thousand pounds for purchase and 165.306 thousand pounds for sale.
The price of a gram of 18 karat gold in Syria rose to about 139,607 thousand pounds for purchase and 141.775 thousand pounds for sale.
As for economic gold prices in Syria, the price of a gram of 14 karat gold recorded about 118,173 thousand pounds for purchase and 120.008 thousand pounds for sale.
Gold ounce and pound
The price of an ounce in Syria decreased to about 5.792 million pounds for purchase and 5.882 million pounds for sale.
The price of the gold pound (8 grams of 21 karat) also fell to about 1.303 million pounds for purchase and 1.323 million pounds for sale.
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.