16.3 C
New York
Monday, May 23, 2022

Gold prices today in Yemen Thursday 17 March 2022

- Advertisement -
- Advertisement -

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

Gold Price Today in Yemen

And the price of a gram of 24-carat gold in Yemen rose during the afternoon today, to about 15,672 thousand riyals (62.63 dollars).

And the price of a gram of 21-carat gold in Yemen (the most traded on the market), in the middle of today’s trading, rose to about 13,714 thousand riyals ($54.80).

The average price of a gram of 18-carat gold in Yemen rose to about 11,755 thousand riyals ($46.97) in today’s trading.

Looking at cheap gold prices in Yemen today, the average price of a gram of 14-carat gold rose to about 9,142 thousand riyals ($36.53).

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

The average price of an ounce of gold today in Yemen has risen to about 487,412 thousand riyals ($1948).

While the average price of a pound of gold (8 grams of 21 carats) in Yemen today is about 109,710 thousand riyals (438.40 dollars).

Gold prices today worldwide

Globally, gold prices rose, in trading on Thursday, with the dollar falling after the Federal Reserve (the US central bank) raised interest rates, making the precious metal less expensive for holders of other currencies, but higher Treasury yields capped gains.

And spot gold contracts rose 0.4% to $1,936.26 per ounce (per ounce) by 08:05 GMT, after hitting the lowest level since February 28 at $1,894.70 on Wednesday. .

US gold futures also rose 1.3% to $1,934.20.

The dollar index fell, making gold cheaper for holders of other currencies, after the Federal Reserve decided to raise interest rates in a shift from coping with the repercussions of the Corona pandemic to combating the economic risks of inflation and the war in Ukraine.

The Federal Reserve’s decision raised 10-year US Treasury yields to the highest level since May 2019 in the previous session.

And gold, quoted in the US currency, is very sensitive to rising interest rates in the US, as this increases the cost of holding non-yielding bullion.

The price of palladium, which is used in the auto industry, rose 2.4 percent to $2,465.52 an ounce.

The metal hit a record high of $3,440.76 an ounce on March 7, fueled by concerns about supply disruptions from Russia, the top palladium producer.

Silver was also up 0.6% at $25.22 an ounce, while platinum was down 0.1% at $1016.44.

Source link

- Advertisement -

New Articles