Gold prices stabilized in Algeria, today, Sunday, September 19, 2021, coinciding with the weekly holiday for the global markets for precious metals.
Gold price in Algeria today
And the price of a gram of 24 carat gold in Algeria, during evening trading, today, Sunday, was about 7708 dinars ($ 56.42).
And the price of a gram of 21 karat gold (the most traded in the market) stabilized, recording 6744 dinars ($49.37).
And a gram of 18 karat gold remained at 5780 dinars ($ 42.32).
As for economic gold prices in Algeria, the price of a gram of 14 karat gold scored about 4499 dinars ($ 32.91).
The price of a gram of 12-carat gold was about 3857 dinars ($ 28.22).
Gold price per ounce and pound
The price of an ounce in Algeria was about 239,712 dinars (1,755).
The price of the gold pound in Algeria (8 grams of 21 carat) stabilized, recording about 53,956 dinars (394.99 dollars).
global gold prices
Gold prices rebounded on Friday (the closing of the week’s trading) after falling to its lowest level in a month during the previous session, but the dollar’s strength put the precious metal on a weekly decline path, while investors await the Federal Reserve’s (US Central Bank) meeting next week.
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Spot gold rose 0.5% to $1,762.55 an ounce, while US gold futures rose 0.4% to $1,762.80 an ounce. The yellow metal lost 1.6 percent of its value this week.
Gold fell 2.7% on Thursday, after the dollar index jumped, while an unexpected rise in US retail sales last month boosted expectations that the Federal Reserve would scale back its stimulus program sooner than expected.
The Federal Reserve’s Open Market Committee meets on September 21 and 22.
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