Gold prices rose in Syria, today, Tuesday, September 21, 2021, supported by the decline of the dollar and investors’ anticipation of the results of the “American Central” meeting.
Gold price in Syria today
The price of a gram of 24 karat gold in Syria, during the morning trading on Tuesday, was about 192 thousand pounds for purchase, and 191,429 thousand pounds for sale.
And the price of a gram of 21 karat gold in Syria (the most traded in the market) rose on Tuesday, reaching the level of 168,000 pounds for purchase, and 167,500 thousand pounds for sale.
And the price of a gram of 18 karat gold in Syria rose on Tuesday, to record about 144 thousand pounds for purchase, and 143.571 thousand pounds for sale.
As for economic gold prices in Syria, the price of a gram of 14 karat gold recorded about 112 thousand pounds for purchase, and 111,667 thousand pounds for sale, and the price of a gram of 12 karat gold recorded about 96 thousand pounds for purchase, and 95,714 thousand pounds for sale.
Gold price per ounce and pound
The price of an ounce in Syria, during Tuesday’s trading, recorded about 5.971 million pounds for purchase, and 5.953 million pounds for sale.
The price of the gold pound in Syria (8 grams of 21 karat), on Tuesday, was at 1.344 million pounds for purchase, and 1.340 million pounds for sale.
Gold prices today
Gold prices rose on Tuesday, as the decline in the dollar provided support for the metal, but caution as traders await the US Federal Reserve meeting, in which it may clarify its plans to reduce stimulus, kept trading in a limited range.
Spot gold rose 0.1% to $1,766.04 an ounce by 1131 GMT.
US gold futures rose 0.2% to $1,767.20.
“The big question that needs to be answered is whether the current market uncertainty will change any potential timeline the Federal Reserve may have when it comes to announcing a reduction in its asset purchases,” said Michael Hewson, chief market analyst at CMC Markets UK. .
“More than anything else, this is likely to further push gold down.”
Gold is a hedge against inflation that may result from widespread stimulus and currency depreciation. An increase in interest rates raises the opportunity cost of holding non-returnable gold.
Giving gold a boost, the dollar fell 0.2% after hitting near a one-month peak in the previous session.
precious metals prices
Silver rose 1.3% to $22.53 an ounce, platinum rose 1.1% to $920.67 an ounce, and palladium rose 2.7% to $1,936.71.