Gold prices in Kuwait fell today, Friday, January 21, 2022, in conjunction with the decline in the prices of the precious metal globally.
Gold price in Kuwait today
And the price of a gram of 24 karat gold in Kuwait, during trading today, Friday, was about 17.83 dinars ($ 58.98).
And the price of a gram of 21 karat gold (the most traded in the market) at the opening of trading today in Kuwait, scored about 15.60 dinars ($51.61).
The price of a gram of 18 karat gold in Kuwait this morning of trading reached about 13.37 dinars ($ 44.24).
In terms of economic gold transactions in Kuwait today, the price of a gram of 14 karat gold fell to about 10.40 dinars ($ 34.41).
The price of an ounce and a pound of gold in Kuwait
And the price of an ounce of gold in Kuwait recorded today, Friday, during early trading, a decline to about 554.60 dinars (1834 dollars).
While the price of the gold pound, at the beginning of trading today in Kuwait, reached about 124.83 dinars (412.87 dollars).
Gold prices today globally
Gold hovered near its highest level in two months on Friday, as inflation and geopolitical risks boosted the safe-haven precious metal, while palladium was heading for its best week since March thanks to strong demand.
And the price of gold in spot transactions fell 0.2% to $ 1835.13 an ounce at 1011 GMT. US gold futures fell 0.4% to $1,835.40.
Gold rose about 0.9% this week after prices jumped to a two-month high of $1,847.72 on Thursday as US 10-year Treasury yields fell.
Investors are now focused on the US Federal Reserve meeting scheduled for January 25-26 as it plans to raise interest rates to counter inflation.
The price of palladium in spot transactions jumped 0.8% to $ 2075.68 an ounce, on its way to achieving a weekly gain of more than 10%, and platinum rose 0.1% to $ 1040.40 on its way to its best week since last June.
While silver settled at 24.44 dollars an ounce on the way to record the best weekly gain in a year after rising by 6.4%.