The average price of gold rose today in Algeria, Saturday 12 March 2022, despite the global gold market holiday.
Gold price today in Algeria
And the average price of a gram of 24-carat gold in Algeria rose, during today’s transactions in the local market, to about 9,165 thousand dinars (64.05 dollars).
And the average price of a gram of 21 karat gold (the most traded in the market), in today’s trading in Algeria, increased to about 8,020 thousand dinars ($56.05).
While the average price of a gram of 18 karat gold in Algeria, during local market transactions today, was about 6,874,000 dinars ($48.04).
In terms of economic gold transactions in Algeria, the average price of a gram of 14 karat gold amounted to about 5,346 thousand dinars ($ 37.37).
Gold price per ounce and pound today in Algeria
The average price of an ounce of gold today in Algeria, during today’s transactions in the local market, rose to about 285.042 thousand dinars (1992 dollars).
The average price of the gold pound in Algeria rose in today’s trading, to about 64,159 thousand dinars (448.39 dollars).
Global gold prices
Globally, gold fell on Friday, the last trading day on global stock exchanges before the weekly holiday of Saturday and Sunday, as US Treasury yields increased against the background of data that indicated a significant rise in inflation, but prices are heading to achieve their second consecutive weekly gain after the lack of any progress in talks between Russia. and Ukraine.
And gold fell in spot transactions to 1984.91 dollars an ounce (an ounce) by 0615 GMT. And US gold futures fell to $1989.20.
“Trading is very much going to be war-driven again,” said Stephen Innes, managing partner at SBI Asset Management. “But what will weigh on sentiment if there is no escalation on the war front is the Federal Open Market Committee, which will be much hawkish.” A bit more than what the market thinks now.