Gold prices stabilized today in Palestine during trading on Sunday March 27, 2022, coinciding with the continuation of the weekend for global financial markets.
Gold Price Today in Palestine
The price of a gram of 24-carat gold stabilized today in Palestine, during Sunday morning in local markets, at about 202.55 shekels (63 dollars).
The price of a gram of 21-carat gold (the most traded on the market), in the average day today in Palestine, marked about 177.24 shekels (55.13 dollars).
The price of a gram of 18-carat gold today in Palestine was about 151.92 shekels ($47.25).
Looking at cheap gold prices today in Palestine, the price of one gram of 14-carat gold was recorded at around 118.15 shekels ($36.75).
Gold price per ounce and pound today in Palestine
The average price of an ounce in Palestine this morning in local markets was about 6,299 thousand shekels ($1959).
And the average price of a pound of gold today in Palestine (8 grams of 21 carats), at the start of today’s transactions locally, was about 1,418 thousand shekels (441.03 dollars).
Gold prices today worldwide
The global markets are waiting for the opening of operations this Monday, after the declarations of the American president, Joe Biden, who threatened Russia with advancing “an inch” to any of the territories of the NATO member states.
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.
At the close of trading on Friday, gold prices rose 0.02%, or 46 cents, compared with the close of trading on Thursday, to register the price of about $1,958.20 an ounce.