Gold rose today in Algeria, Monday, March 21, 2022, for all carats, according to dealers.
Gold price today in Algeria
And the average price of a gram of 24-carat gold in Algeria increased, during today’s evening trading in the local market, to about 8,880,000 dinars ($62.19).
The average price of a gram of 21 karat gold (the most traded in the market), in today’s trading in Algeria, rose to about 7.771 thousand dinars ($ 54.42).
While the average price of a gram of 18 carat gold in Algeria, in the middle of today’s trading, was about 6,660 thousand dinars ($46.64).
In terms of economic gold transactions in Algeria, the average price of a gram of 14 karat gold was about 5.180 thousand dinars ($ 36.26).
Gold price per ounce and pound today in Algeria
The average price of an ounce of gold rose today in Algeria, during this evening’s transactions in the local market, to about 274.181 thousand dinars (1934 dollars).
The average price of the gold pound in Algeria increased in today’s trading, to about 62,164 thousand dinars (435.34 dollars).
Gold prices today globally
Globally, gold prices rose in trading on Monday, supported by the demand for a safe haven at a time when the Ukrainian crisis showed no signs of abating, despite the US Federal Reserve’s plan to implement bold measures to combat inflation that limited gold’s gains.
And the price of gold in spot transactions, by 3.0% to $ 1927.22 an ounce (an ounce) by 05:28 GMT.
While US gold futures fell 1.0% to $1927.30.
“A little bit of safe haven flows (heading) into gold today because Ukraine has officially rejected the deadline set by Russia (to deliver Mariupol),” said Matt Simpson, senior market analyst at City Index.
Ukraine on Monday rejected Russian calls to hand over the port city of Mariupol, whose beleaguered residents are short of food, water and electricity, with no sign of intense fighting waning.
Holdings of the world’s largest gold-backed trading fund, SPDR Gold Trust, rose 0.8% to 1,082.44 tons on Friday, the highest level since the beginning of March.
Other precious metals
Palladium rose 3.4% to $97.9725 an ounce. It had risen to a record $3,440.76 on March 7, driven by fears of supply disruptions from Russia, the largest producer of the precious metal.
The price of silver also rose in spot transactions, by 3.0% to $25.03 an ounce, while platinum increased 6.0% to $1028.20.