Gold prices rose today in Bahrain, Saturday March 26, 2022, despite the precious metal’s slide on global markets at the end of the trading week.
Gold Price Today in Bahrain
The price of a gram of 24-carat gold in Bahrain today, during afternoon trading, rose to about 23.82 dinars ($63).
And the price of a gram of 21-carat gold (the most traded on the market), in the midst of today’s trading in Bahrain, rose to about 20.85 dinars ($55.13).
The price of a gram of 18-carat gold rose today in Bahrain to about 17.87 dinars ($47.25).
Looking at cheap gold prices today in Bahrain, the price of one gram of 14-carat gold was recorded at about 13.90 dinars ($36.75).
Gold price per ounce and pound today in Bahrain
And the average price of an ounce in Bahrain rose tonight to about 740.95 dinars (1959 dollars).
And the average price of a pound of gold today in Bahrain (8 grams of 21 carats), in the middle of today’s trading, was about 166.78 dinars ($441.03).
Gold prices today worldwide
Globally, gold prices fell at the close of the trading session on Friday (the last session of the week), but posted weekly gains in light of growing anxiety over the Russo-Ukrainian war and inflationary pressures.
The United States and its allies held more meetings yesterday to discuss developments in the Ukraine war, after US President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint team to reduce the bloc’s dependence on Russian energy supplies.
Separately, US Treasury Secretary Janet Yellen said in an interview with CNBC that she expects the US economy’s strong performance to continue despite rising energy prices and raw Materials.
The report from the University of Michigan showed that the US consumer confidence index registered 59.4 points in the final reading for the month of March, which is the lowest level in 10 years, compared to 62.8 points in February. previous. 5.4% next year.
Accelerating inflation in the United States prompted more members of the Federal Reserve to support raising interest rates by 50 basis points. May be appropriate depending on economic data.
The price of gold futures contracts for April delivery fell 0.4%, or $8, to hit $1,954.20 an ounce as the trading session closed on Friday, but posted weekly gains of around 1, 3 percent.
The price of gold for June delivery also fell 0.4%, or $7.90, to settle at $1,959.80 an ounce at the close, while its weekly gain topped 1.3%.