Gold prices fell in Syria today, Tuesday, March 22, 2022, amid anticipation of developments in precious metals markets globally.
Gold Price Today in Syria
The average price of a gram of 24-carat gold today in Syria fell to about 154,993 thousand pounds ($61.70).
The average price of a gram of 18-carat gold today in Syria has also fallen to about 116,247 thousand pounds ($46.28).
Looking at cheap gold prices today in Syria, the average price of a gram of 14-carat gold was about 90,413 thousand pounds ($35.99).
While the average price of a gram of 12-carat gold today in Syria is about 77,496 thousand pounds (30.85 dollars).
21-carat gold price today in Syria
The average price of a gram of 21-carat gold today in Syria, (the most traded on the market), fell to about 135,622,000 pounds ($53.99).
The average price of an ounce in Syria today fell to around 4.82 billion Syrian pounds (US$1919).
The average price of a pound of gold today in Syria (8 grams of 21 carats) also fell, registering some 1,084 million pounds (431.92 dollars).
Gold prices today worldwide
Gold prices stabilized on Tuesday, with US bond yields rising to multi-year highs following the Federal Reserve’s decisive stance on inflation, while the escalation of the conflict between Russia and Ukraine boosted demand for the safe haven metal. .
And the price of gold stood in spot trading at the level of $1936.03 an ounce (one ounce) at 0605 GMT.
US gold futures rose 0.5% to $1,938.80 an ounce.
The chairman of the US Federal Reserve, Jerome Powell, indicated that the central bank will raise interest rates more than expected if necessary to curb inflation, which has risen to very high levels.
10-year US bond yields rose above 2.3 percent for the first time since May 2019.
Market pundits said strong moves in the US bond market increasingly signaled an impending recession, while markets questioned the central bank’s plan to ensure a “soft anchor” of the economy while raising rates. interest rates to contain inflation.
And what halted gold’s slide were Ukraine’s declarations that it would not heed Russia’s ultimatums, which demanded that it stop defending the besieged city of Mariupol.
And the price of palladium, used in the auto industry, fell 0.4% to $2,574.04 an ounce.
The price of silver in spot transactions rose 0.5% to $25.33 an ounce and platinum rose 0.2% to $1,039.46 an ounce.