Gold prices in Syria witnessed stability during the trading of Sunday, October 17, 2021, with the continuation of the weekend in the global financial markets.
Gold price today in Syria
The price of a gram of 24 carat gold in trading today, Sunday in Syria, was about 71,474 thousand pounds ($56.86).
And the price of a gram of 22 carat gold in Syria during Sunday’s trading remained at 65,518 thousand pounds ($52.12).
The price of a gram of 21 karat gold (the most traded in the market) in Syria, on Sunday, was about 62,541 thousand pounds ($49.76).
The price of a gram of 18 karat gold in Syria also stabilized during today’s trading, at about 53,606 thousand pounds ($ 42.65).
As for economic gold transactions in Syria, the price of a gram of 14-carat gold reached about 41,693 thousand pounds ($33.17).
Gold price per ounce and pound
And the price of an ounce of gold was about 2.222 million pounds (1,768 dollars). While the price of the gold pound in Syria reached about 500,327 thousand pounds (398.04 dollars).
global gold prices
Gold prices fell on Friday (the closing of the week’s trading) after the rise in US bond yields and an unexpected increase in retail sales last September weakened the attractiveness of the precious metal as a safe haven.
At the end of the first session on Friday, gold prices fell globally, by 1.57%, or $28.20, to $1,767.62 per ounce.
The decline in gold prices globally came due to the rise in the dollar, with the approach of the Federal Reserve Board’s announcement of new monetary policies, which are heading to reduce stimulus packages and increase interest rates.