Gold prices fell today in Syria, on the evening of Friday, December 10, 2021, despite the rise of the precious metal globally.
Gold price today in Syria
And the price of a gram of 24 carat gold in Syria, at the end of Friday’s trading, was about 72,097 thousand pounds ($57.37).
The price of a gram of 21 carat gold (the most traded in the market) on Friday evening in Syria, amounted to about 63,087 thousand pounds ($50.20).
The price of a gram of 18 carat gold decreased at the end of Friday’s trading in Syria, recording about 54,074 thousand pounds ($43.03).
In terms of economic gold transactions in Syria on Friday evening, the price of a gram of 14 karat gold fell at about 42,057 thousand pounds ($ 33.46).
The price of an ounce and a pound of gold in Syria
And the price of an ounce of gold in Syria, during Friday’s trading, scored about 2.242 million Syrian pounds (1,784 dollars).
While the price of the gold pound in Syria, at the close of Friday’s trading, amounted to about 504.694 thousand pounds ($401.58).
Global gold prices
Gold prices rose, in trading on Friday, on global stock exchanges, with the rise in consumer prices in the United States last November, while enhancing the attractiveness of the precious metal to hedge against inflation.
Gold prices rose, despite expectations that inflation data may prompt the Federal Reserve (the US central bank) to reduce its purchases of bonds at a faster pace.
And gold rose in spot transactions, by 0.5% to $ 1783.91 an ounce (an ounce) by 14:10 GMT.
US gold futures also increased, by 0.6% to $ 1786.90.
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Although gold is considered a hedge against inflation, lowering stimulus and raising interest rates usually lead to higher government bond yields, raising the opportunity cost of holding the non-yielding yellow metal.
Attention now turns to the Federal Reserve meeting scheduled for 14-15 December.
Other precious metals
And silver rose in spot transactions, by 0.9% to $22.12 an ounce.
Platinum also increased, by 0.7% to $941.37, heading towards achieving the first weekly increase in 4 weeks.
While palladium fell by 2.7 percent to $1,763.07.
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