In Lebanon, Saturday, March 12, 2022, the price of gold rose today, despite the global gold market holiday.
Gold prices in Lebanon today
The average price of a gram of 24 carat gold in Lebanon is about 96.768 thousand pounds ($ 64.05).
And the average price of a gram of 21 carat gold in Lebanon (most traded in the market) was 84,674 thousand pounds ($ 56.05).
The average price of a gram of 18 carat gold in Lebanon is 72,577 thousand pounds ($ 48.04).
Today, the average price of 14 carat gold in Lebanon is about 56,448 thousand pounds ($ 37.37).
The price of an ounce and a pound of gold in Lebanon today
The average price of an ounce in Lebanon during today’s trade is about 00 3,009 million ($ 1992).
The average price of a pound of gold in Lebanon today (8 grams 21 carats) is about 677,391 thousand pounds ($ 448.39).
Globally, gold fell on Friday, ahead of the weekly holiday on Saturday and Sunday, the last trading day of global stock markets on Friday, on the back of data indicating a significant rise in US Treasury yield inflation, but prices reaching its second level. Continued weekly gains due to no progress in negotiations between Russia and Ukraine.
Gold fell in spot trades to $ 1984.91 an ounce (one ounce) at 0615 GMT. And the US gold futures are down to $ 1989.20.
“Trade will again be war-oriented,” said Stephen Innes, managing partner of SBI Asset Management. “But if there’s no increase at the war front, it’s the Federal Open Market Committee that weighs the sentiments. Be very vulture.” The market is a little higher than you think now.
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