Gold prices fell today in Yemen during the trading of Friday, April 1, 2022, with the decline of the precious metal in global markets.
Gold price today in Yemen
The price of a gram of 24 karat gold today in Yemen was 15,508 thousand riyals ($ 61.97).
And the price of a gram of 18 karat gold fell today in evening trading in Yemen, to record 11,631 thousand riyals ($ 46.48).
As for economic gold prices today in Yemen, the price of a gram of 14 karat gold scored about 9,047 thousand riyals ($ 36.15).
The price of 21 karat gold today in Yemen
The price of a gram of 21 karat gold today in Yemen (the most traded in the market) fell to the level of 13,570 thousand riyals ($ 54.23).
The price of an ounce of gold also fell today in Yemen, to about 482.307 thousand riyals (1927 dollars).
The price of the gold pound fell today in Yemen, to about 108,560 thousand riyals (433.81 dollars).
Gold prices today globally
Gold fell today, Friday, and is heading for a weekly decline, as the rise in Treasury yields affected the attractiveness of the non-yielding metal, and increased pressure on it due to the rise of the dollar.
And gold fell in spot transactions 0.4% to $ 1929.90 an ounce by 08:25 GMT.
US gold futures fell 0.9% to $1,936.
“It is particularly relevant to developments in fixed income markets with returns rising again,” said Peter Fertigue, analyst at Quantitative Commodity Research.
The benchmark 10-year US Treasury yield rose today again above the 2.4% level, after falling to its lowest level in a week during the previous session.
Higher returns increase the opportunity cost of holding gold.
The dollar rose for the second consecutive session, which undermined the attractiveness of gold, priced in it.
And gold is heading to record a weekly loss of about 1.4%, after it fell earlier in the week, amid signs of progress in talks between Russia and Ukraine.
Spot silver fell 0.5% to $24.65 an ounce, and is on its way to a weekly decline.
Platinum rose 0.1% to $984.56, while palladium advanced 0.6 percent to $2,274.34. And the two metals are heading for their fourth consecutive weekly loss.