Gold prices fell in Lebanon today, Monday March 28, 2022, with the precious metal falling globally at the start of trading for the week.
Gold Price Today in Lebanon
And the price of a gram of 24-carat gold today in Lebanon, during today’s trading, was about 94,250 thousand pounds ($62.36).
And the price of a gram of 21-carat gold (the most traded on the market), today, fell to about 82,471 thousand pounds (54.57 dollars).
The price of a gram of 18-carat gold also fell today in Lebanon, to about 70,689 thousand pounds (46.77 dollars).
As for the economic gold prices today in Lebanon, the price of a gram of 14-carat gold registered about 54,980 thousand pounds (36.38 dollars).
The price of an ounce and a pound of gold today in Lebanon
The average price of an ounce in Lebanon during today’s trading was about 2.931 million pounds (1939 dollars).
And the average price of a pound of gold today in Lebanon (8 grams of 21 carats), during the day today, was about 659,769 thousand pounds (436.53 dollars).
Gold prices today worldwide
Gold prices fell globally at the start of weekly trading today, Monday, after a rally during last week’s trading, and after the US president left Europe without taking escalation action. against Russia.
Markets had expected additional sanctions on Russia during a visit by US President Joe Biden to Europe, but he did not announce the sanctions feared by global markets, allaying fears among investors.
In Monday morning trading, spot gold prices fell 0.72%, or $14.1, to $1,944.25 an ounce, down from Friday’s close of $1,584.
And last week, gold prices rose again, reaching their highest level in 10 days; This comes even as central banks signal a tough tightening cycle this year to combat high inflation.
It is clear that there is still a lot of uncertainty and anxiety in the markets, and while central banks try to control inflation, the worst is yet to come according to global investment banks; With commodity prices so high, things can get even worse.
So there is still a lot of desire for safe havens and a hedge against inflation, as has become clear again, in the surge in demand for gold contracts.