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Gold prices today in Lebanon Thursday 17 March 2022

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Gold prices rose today in Lebanon, Thursday March 17, 2022, in conjunction with the rise of the precious metal in global markets.

Gold Price Today in Lebanon

The average price of a gram of 24-carat gold in Lebanon was about 93,774 thousand pounds ($62.14).

And the average price of a gram of 21-carat gold in Lebanon (the most traded on the market) was 82,055 thousand pounds (54.38 dollars).

While the average price of a gram of 18-carat gold in Lebanon was 70,332 thousand pounds (46.61 dollars).

Looking at cheap gold prices in Lebanon today, the average price of a gram of 14-carat gold was around 54,702 thousand pounds ($36.25).

The price of an ounce and a pound of gold today in Lebanon

And the average price of an ounce (one ounce) in Lebanon during today’s trading amounted to about 2,916 million pounds (1933 dollars).

While the average price of a pound of gold in Lebanon today (8 grams of 21 carats), reached 656,436 thousand pounds (435.00 dollars).

Gold prices today worldwide

Gold futures prices rose during the Asian session on Thursday, with April gold futures trading at $1,938.10 an ounce, up 1.51%, according to the New York Mercantile Exchange’s Comex rating.

The previous session witnessed a rise in the price of gold during trading, with the price of an ounce (one ounce) registering towards $1939.35, amid expectations that the gold index would receive support points at a price of 1895.20 dollars an ounce, and resistance points at the level of 2004 dollars an ounce.

As for the dollar index contracts, which measures the performance of the US currency against a basket of 6 other major currencies, it fell 0.26% to trade at $98.36.

The dollar’s slide makes gold less expensive for holders of other currencies, while benchmark 10-year Treasuries have also fallen from recent highs.

Gold is highly sensitive to rising interest rates as this increases the cost of holding non-yielding bullion while supporting the price of the dollar.

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