Gold prices in Lebanon jumped today, Wednesday, January 5, 2022, affected by the rise of “Al-Nafis” globally against the decline of the dollar in front of the rise in bond yields.
The price of the dollar against the pound, at the beginning of today’s transactions in the unofficial parallel market in Lebanon, ranged between 30,000 and 30,100 pounds per dollar.
Gold price in Lebanon today
The price of a gram of 24 karat gold in Lebanon rose today, Wednesday, to record about 88.421 thousand pounds ($ 58.53), compared to 87,610 thousand pounds ($ 57.96) at the end of trading on Tuesday.
The price of a gram of 18 karat gold in Lebanon rose during the middle of trading today, Wednesday, to reach 66,317 thousand pounds ($ 43.90), compared to 65,709 thousand pounds ($ 43.47) at the closing of trading yesterday.
As for economic gold prices in Lebanon, the price of a gram of 14 karat gold recorded about 51.579 thousand pounds ($ 34.14), and the price of a gram of 12 karat gold recorded about 44.211 thousand pounds ($ 29.26).
The price of 21 karat gold in Lebanon
The price of a gram of 21 karat gold in Lebanon today (the most traded in the market) jumped to 77,370 thousand pounds ($ 51.21), compared to 76,661 thousand pounds ($ 50.72) at the end of trading yesterday.
The price of an ounce in Lebanon today, Wednesday, was about 2.749 million pounds (1820 dollars), and the price of the gold pound in Lebanon today (8 grams of 21 karat) recorded about 618.964 thousand pounds (409.70 dollars).
Gold prices today globally
Gold prices rose slightly today, Wednesday, as the increase in infections with the mutant Omicron boosted demand for it as a safe haven for investments.
However, the trading movement remained confined to a limited range, as investors awaited the details of the recent policy meeting of the Federal Reserve (the US central bank), with increasing bets on raising interest rates.
And gold rose in spot transactions 0.2% to $ 1818.79 an ounce (an ounce) at 1025 GMT, and its price in futures transactions in the US market rose 0.3% to $ 1819.50.
Markets are awaiting the details of the Federal Reserve’s meeting on December 14 and 15, which will be issued at 1900 GMT today, and may shed light on the board’s plan to raise interest rates and ease the stimulus measures that were motivated by the pandemic.
In the markets of other precious metals, the price of silver settled unchanged at $23.06 an ounce, and the price of platinum rose 0.9% to $980 an ounce and palladium 2.1% to $1910.08 an ounce.
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