Gold prices in Syria jumped, in trading this evening, Thursday, October 14, 2021, in conjunction with the rise in the prices of the precious metal globally.
The price of gold in Syria
The average price of a gram of 24 karat gold in Syria rose to about 202,470 thousand pounds.
The average price of a gram of 21 karat gold in Syria (the most traded in the market) also increased to about 177.240 thousand pounds.
While the average price of a gram of 18 karat gold in Syria was about 152,010 thousand pounds.
As for economic gold prices in Syria, the average price of a gram of 14 karat gold was about 128,672 thousand pounds.
Gold price per ounce and pound
The price of an ounce in Syria rose to about 6.307 million pounds, compared to about 6.3 million pounds yesterday.
The price of the gold pound in Syria (8 grams of 21 carat) also increased to about 1.419 million pounds, compared to about 1.4 million pounds.
Gold prices today globally
Gold prices jumped today, Thursday, to their highest level in nearly a month, supported by the decline in the dollar and US Treasury bond yields. This comes as investors assess whether the Federal Reserve will tighten monetary policy at the expected early time.
And gold rose in spot transactions, by 0.3% to $ 1797.27 an ounce (an ounce) by 09:20 GMT, after hitting its highest level since September 15 at $ 1797.31.
While US gold futures rose 0.2% to $ 1797.90.
Today, the dollar index and the benchmark 10-year US Treasury bond yields fell.
Independent analyst Ross Norman described the rise in gold as “constructive” but said it should break the technical resistance levels at $1800 and $1,835 before any other big move up.
precious metals prices
For other precious metals, silver rose in spot transactions, by 0.9% to $23.28 an ounce.
Platinum also rose, by 1.6 percent to $ 1036.52, while palladium increased by 3.7 percent to $ 2184.26.