Gold prices today, Wednesday, September 15, 2021 in Yemen

Gold prices today, Wednesday, September 15, 2021 in Yemen
Gold prices today, Wednesday, September 15, 2021 in Yemen

Gold prices in Yemen fell today, Wednesday, September 15, 2021, in parallel with the decline of the yellow metal in global markets.

Gold price in Yemen

The price of a gram of 24-carat gold in Yemen fell to the level of 14,527 riyals ($ 57.92).

The price of a gram of 21 carat gold in Yemen (the most traded in the market) was about 12,711 riyals ($50.68).

The price of a gram of 18 karat gold in Yemen decreased by 10,895 riyals ($ 43.44).

As for economic gold prices in Yemen, the price of a gram of 14 karat gold recorded about 8,474 riyals ($ 33.79).

The price of a gram of 12 karat gold was about 7,263 riyals ($ 28.96).

The price of an ounce and a pound of gold in Yemen

The price of an ounce in Yemen was 451,784 riyals ($1,801).

The price of the gold pound in Yemen was 101,690 riyals ($405.47).

global gold prices

Globally, gold prices fell in futures and spot transactions, today, Wednesday, in light of the stability of the dollar.

An ounce of gold for December 2021 delivery fell 0.23% to $1,803 an ounce.

In spot delivery, gold fell 0.14% to $1801.90 an ounce.

This came as the US dollar settled within its recent ranges against its peers on Wednesday after US inflation data lower than expected reduced expectations of an immediate cut in stimulus programs, while disappointing Chinese data pressured the yuan and the Australian dollar.

The dollar index reached 92.632, little changed from yesterday when it fell after inflation data, before rising due to safe haven demand following the Wall Street drop.

While high inflation rates continue to pressure US policy makers, data last night showed that

“There is a belief that if inflation does indeed increase, the Federal Reserve will have to put pressure on it, and that means a faster reduction in asset purchases and an interest rate hike sooner than expected. That will not be good for gold,” said Kyle Rhoda, analyst at IG Market.

Roda added that gold is in a range between $ 1,760 and $ 1,830, and this reflects a general hesitation at the present time regarding the pandemic, growth, inflation expectations and politics.

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