Gold selling prices fell currently in Lebanon, through modern morning trading, Monday August 22, 2022, coinciding with the drop of the treasured metal globally.
Lebanon ranks 2nd in the Arab globe following Saudi Arabia for gold reserves, with reserves of 286.8 tons, according to the Globe Gold Council report printed very last June.
Gold rate right now in Lebanon
And the price of just one gram of 24-karat gold in Lebanon nowadays was around 84,658,000 kilos ($ 55.80), compared to 85,175,000 lbs at the finish of yesterday’s trading.
The cost of a single gram of 21-karat gold currently in Lebanon (the most traded on the market place), fell to all over 74,077,000 kilos ($ 48.83), when compared to 74,514,000 lbs . at the shut of trading yesterday.
The price of one particular gram of 18-karat gold in Lebanon these days attained £ 63,494,000 ($ 41.85), compared to £ 63,869,000 at the close of trading yesterday, according to the “gold-price tag-now” platform specializing in gold selling prices. ‘gold.
As for low cost gold rates in Lebanon nowadays, the cost of one gram of 14-karat gold was about £ 49,384,000 ($ 32.55), up from £ 49,675,000 at the near of trading yesterday.
The price of an ounce and a pound of gold in Lebanon now
The price of an ounce of gold nowadays in Lebanon was all-around 2,632 million kilos ($ 1,736), whilst the price tag of the pound of gold nowadays in Lebanon arrived at about 592,620,000 lbs . ($ 390.64).
World-wide gold rates
Gold rates fell much more than $ 14 on Monday, hitting their least expensive degree in far more than 3 months, impacted by the energy of the dollar.
This will come amid expectations that interest prices will be elevated by the US Federal Reserve to control growing inflation.
By 08:21 GMT, the cost of gold futures – for delivery in December – fell by .82%, or $ 14.40, to sign up the degree of $ 1748.50 an ounce.
And gold rates shut buying and selling last Friday with a decrease for the fifth consecutive session, recording the least expensive degree in 3 months, with the US greenback growing.
About the earlier week, yellow metal price ranges have posted losses of about 2.9%, publishing their to start with weekly drop in 5 weeks.
The spot shipping and delivery price of the yellow metal fell by .70% to $ 1,734.82 an ounce.
At the similar time, the rate of silver futures contracts – for supply in September – fell 1.20% to $ 18.95 an ounce.
The location price tag of platinum also fell 1.18%, to $ 888.58 an ounce, and the spot price of palladium fell 1.61%, to $ 2095.40 an ounce.
The dollar was up .1% at a one particular-thirty day period high versus its rivals, creating gold additional costly for buyers holding other currencies.
Yields on benchmark 10-12 months US Treasuries also rose to a just one-thirty day period superior, expanding the chance charge of keeping gold devoid of yields.
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