Gold prices in Syria continued to rise today, Friday, October 1, 2021, despite the decline in the prices of the precious metal in global markets.
The average price of a gram of 24-carat gold in Syria jumped to the level of 198.515 thousand pounds, compared to about 195.379 thousand pounds yesterday.
The average price of a gram of 21 karat gold in Syria (the most traded in the market) rose to about 173.778 thousand pounds, compared to 171,033 thousand pounds yesterday.
The average price of a gram of 18 karat gold in Syria rose to the level of 149,041 thousand pounds, compared to about 146.687 thousand pounds yesterday.
As for economic gold prices in Syria, the price of a gram of 14 karat gold was about 126,159 thousand pounds.
Gold price per ounce and pound
The price of an ounce in Syria rose to about 6.184 million pounds, compared to about 6.087 million pounds yesterday.
And the price of the gold pound in Syria (8 grams of 21 carat) increased to about 1.391 million pounds, compared to about 1.369 million pounds yesterday.
Gold prices today globally
Gold prices fell today globally, in Friday’s trading, as the dollar rose thanks to speculations of an interest rate increase, but the yellow metal is still coherent above the $1750 level.
Gold is on track for a limited weekly gain, as concerns about rising inflation and growth are hurting risk appetite.
Gold prices today
Spot gold fell 0.2% to $1,753.67 an ounce by 0915 GMT.
US gold futures fell 0.2% to $1,754.30.
But the yellow metal is still up about 0.2% in the week, as the dollar’s decline yesterday, Thursday, contributed to gold recording a jump of about 2%.
The dollar index (which measures the performance of the US currency against a basket of 6 other major currencies) fell 0.08% to trade at $94,315.
Silver and copper price today
At the same time, the price of silver, according to the Comex rating of the New York Mercantile Exchange, for the month of December fell by 0.09% to trade at $22.027 an ounce, and the price of copper for the month of December fell by 0.97% to trade at $4.0655 per pound.