The price of gold in Palestine rose remarkably during the early morning trading today, Thursday, October 7, 2021.
The marginal rise of gold in Palestine coincided with the rise recorded by the global gold trading movement when settling yesterday’s session.
Gold price today in Palestine
The price of a gram of 24-carat gold in Palestine increased at the beginning of trading today, Thursday, to about 183.79 shekels ($56.75).
The price of a gram of 22 carat gold in Palestine rose to about 168.48 shekels ($52.02).
The price of a gram of 21 karat gold (the most traded in the market) in Palestine today, Thursday, rose to about 160.82 shekels ($49.66).
The price of a gram of 18 karat gold in Palestine also rose on Thursday, to about 137.85 shekels ($42.56).
As for the level of economic gold trading, the price of a gram of 14-karat gold in Palestine rose to about 107.21 shekels ($33.11).
Gold price per ounce and pound
The price of an ounce of gold in Palestine rose in morning trading on Thursday, to about 5,716 thousand shekels (1,765 dollars).
The price of the gold pound in Palestine rose to about 1,287,000 shekels (397.28 dollars).
global gold prices
Gold was marginally higher when it settled on Wednesday, with a slight drop in bond yields, and after the release of economic data.
The precious metal saw a volatile performance on Wednesday with the 10-year US Treasury yield falling but still above 1.5%, in addition to a rebound in the dollar making it more expensive to buy gold for holders of other currencies.
ADP data revealed that US private sector jobs rose 568,000 last month, exceeding expectations for a 425,000 increase.
Next Friday, the United States is scheduled to release the monthly jobs report for last September, amid expectations of adding 490 thousand jobs.
The price of gold futures contracts for December delivery rose by a marginal 0.05%, or 90 cents, to reach $1,761.80 an ounce upon settlement.
Meanwhile, the dollar index, which monitors the performance of the US currency against a basket of six major currencies, rose 0.4% to 94.311 points.