Gold prices today, Monday, October 18, 2021 in Algeria


Gold prices in Algeria rose today, Monday, October 18, despite the decline in the precious metal markets globally.

Gold price in Algeria today

The price of a gram of 24 carat gold in Algeria increased during evening trading on Monday, reaching a value of 7803 dinars ($56.88).

And the price of a gram of 21 karat gold in Algeria (the most traded in the market) was 6827 dinars ($49.77).

And the price of a gram of 18 karat gold in Algeria, during Monday’s trading, reached the level of 5852 dinars ($ 42.66).

As for economic gold prices in Algeria, the price of a gram of 14 karat gold scored about 4552 dinars ($ 33.18), and the price of a gram of 12 karat gold scored about 3901 dinars ($ 28.44).

Gold price per ounce and pound

And the price of an ounce in Algeria, during evening trading on Monday, reached the level of 242.660 thousand dinars (1769 dollars).

And the price of the gold pound in Algeria, (8 grams of 21 karat), was about 54,619 thousand dinars (398.18 dollars).

Global gold prices

Globally, gold prices fell slightly on Monday, after the increase in US bond yields and the strength of the dollar weakened the attractiveness of the precious metal.

Spot gold lost 0.3% to $1,762.80 an ounce, and US gold futures fell 0.2% to $1,764.30 an ounce.

Gold has become less attractive after US 10-year Treasury yields achieved extended gains, and the dollar rose 0.2% against its competitors, making the precious metal more expensive for holders of other currencies.


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