The average price of gold in Bahrain rose today, Saturday, January 29, 2022, despite the drop in the yellow metal at the end of the week’s trading globally.
Gold price in Bahrain today
And the price of a gram of 24 karat gold in Bahrain rose, during trading this evening, to about 21.72 dinars ($ 57.64).
The price of a gram of 21 karat gold (the most traded in the market) in Bahrain also rose to about 19 dinars ($50.44).
And the price of a gram of 18 karat gold in Bahrain increased to about 16.29 dinars ($ 43.23).
In terms of economic gold transactions in Bahrain today, the average price of a gram of 14 karat gold rose to the level of 12.67 dinars ($ 33.62).
Gold price per ounce and pound in Bahrain
And the price of an ounce of gold in Bahrain rose, during today’s trading, to about 675.44 dinars (1,793 dollars).
The price of the gold pound in Bahrain also rose to about 152.03 dinars ($ 403.49).
Gold prices today globally
Gold prices fell at the end of the week’s trading (Friday), to record the largest weekly losses since November, on the back of the US Federal Reserve’s tough stance.
Markets digested the US Federal Reserve’s tightening policy plan which led to higher dollar and treasury yields.
And the price of gold futures contracts – for delivery in April – by the end of Friday trading, decreased by 0.5%; To reach the level of 1786.60 dollars an ounce.
And the price for immediate delivery of the yellow metal fell by 0.5%, to record $1,787.82 an ounce.
The yellow metal fell by 2.6%, equivalent to 47.5 dollars, during this week’s trading, which is its worst decline since the week ending on November 26.
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