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Gold prices today in Algeria, Friday March 18, 2022

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The average price of gold fell today in Algeria, Friday, March 18, 2022, coinciding with the fall of the precious metal in global markets.

Gold Price Today in Algeria

And a gram of 24-carat gold in Algeria, during today’s transactions on the local market, marked about 8,884 thousand dinars (62.33 dollars).

And the 21-carat gold gram (the most traded on the market) fell in today’s price in Algeria, to about 7,774 thousand dinars (54.54 dollars).

While one gram of 18-carat gold in Algeria, during today’s local market transactions, amounted to 6,663 thousand dinars ($46.75).

As for the economic transactions of gold in Algeria, the average price of a gram of 14-carat gold reached about 5,182 thousand dinars (36.36 dollars).

Gold price per ounce and pound today in Algeria

The average price of an ounce of gold today in Algeria, during today’s transactions on the local market, fell to about 276,299 thousand dinars (1938 dollars).

The average price of a pound of gold in Algeria today was about 62,191 thousand dinars (436.31 dollars).

Gold prices today worldwide

Gold prices fell slightly on Friday, with the Federal Reserve (the US central bank), raising the interest rate.

The US Federal Reserve’s 0.25% rate hike made the precious metal less expensive for holders of other currencies, but rising Treasury yields capped gains.

And spot gold contracts fell 0.51% to $1,933.25 an ounce, after hitting the lowest level since February 28 at $1,894.70 last Wednesday.

And gold futures contracts traded during the previous session at the level of $1,928.35 an ounce (one ounce), amid expectations that the gold index will receive support points at the $1,895.20 level. an ounce, and resistance points at 1994.80 dollars an ounce. .

The dollar index, which measures the performance of the US currency against a basket of 6 other major currencies, rose 0.10% to trade at 98.07 points.

The silver index for the month of May fell 0.96% to settle at $25.37 an ounce, while the price of copper futures for the month of May rose 0.70% to settle at $4.73. The pound.

The dollar’s decline following the 0.25% interest rate cut made gold cheaper for holders of other currencies after the US Central Bank fallout from the war in Ukraine.

The Federal Reserve’s decision raised 10-year US Treasury yields to the highest level since May 2019, in the previous session.

The price of gold in US currency is highly sensitive to rising US interest rates as this increases the cost of holding non-yielding bullion.

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