Gold is higher in Algeria today, Monday March 21, 2022, for all karats, according to traders.
Gold Price Today in Algeria
And the average price of a gram of 24-carat gold in Algeria rose to about 8,880,000 dinars ($62.19) on the local market today.
The average price of a gram of 21-carat gold (the most traded on the market), at today’s price in Algeria, amounted to about 7,771 thousand dinars (54.42 dollars).
While the average price of a gram of 18-carat gold in Algeria, in the middle of today’s trading, was about 6,660 thousand dinars (46.64 dollars).
As for the economic transactions of gold in Algeria, the average price of a gram of 14-carat gold was about 5,180 thousand dinars (36.26 dollars).
Gold price per ounce and pound today in Algeria
The average price of an ounce of gold rose today in Algeria, during this afternoon’s trading on the local market, to about 274,181 thousand dinars (1934 dollars).
The average price of a pound of gold in Algeria increased today to about 62,164 thousand dinars ($435.34).
Gold prices today worldwide
Globally, gold prices rose on Monday, supported by safe-haven demand at a time when the Ukraine crisis showed no signs of abating, despite the US Federal Reserve’s plan to implement bold steps to combat inflation that capped gold’s gains.
And the price of gold in spot transactions, down 3.0% at $1,927.22 per ounce (per ounce) at 05:28 GMT.
While US gold futures fell 1.0% to $1,927.30.
“A little bit of safe haven is flowing (into) gold today because Ukraine has officially waived the deadline set by Russia (to hand over Mariupol),” said Matt Simpson, senior market analyst at City Index.
Ukraine on Monday rejected Russian calls to hand over the port city of Mariupol, whose beleaguered residents lack food, water and electricity, and there is no sign of the heavy fighting abating.
Holdings of the world’s largest gold-backed trading fund SPDR Gold Trust rose 0.8% to 1,082.44 tonnes on Friday, the highest level since early March.
other precious metals
Palladium rose 3.4% to $97.9725 an ounce. It had risen to a record $3,440.76 on March 7, fueled by fears of supply disruptions from Russia, the precious metal’s biggest producer.
The price of silver also increased in spot transactions, up 3.0% to $25.03 an ounce, while platinum rose 6.0% to $1,028.20.