Gold prices in Yemen stabilized at high levels, Sunday, February 13, 2022, coinciding with the weekly holiday for the precious metal markets globally.
And the global gold markets are on holiday on Saturday and Sunday, and to reopen their dealings tomorrow, Monday.
Gold price in Yemen today
And the price of a gram of 24 karat gold in Yemen, during trading today, was 14,967 riyals ($ 59.81), while the price of a gram of 21 karat gold (the most traded in the market) reached 13,096 riyals ($ 52.33).
The price of a gram of 18 karat gold reached about 11225 riyals ($44.86), and in terms of economic gold transactions in Yemen today, a gram of 14 karat gold scored about 8731 riyals ($34.89).
The price of an ounce and a pound of gold in Yemen
The price of an ounce of gold in Yemen during today’s trading recorded 465,466 thousand riyals (1860 dollars); While the price of the gold pound reached about 104.770 thousand riyals (418.66 dollars).
Global gold prices
Globally, gold prices rose when settling Friday’s trading session (the last session of the week), supported by growing concerns about the continuation of inflationary pressures and with anticipation of monetary policy developments.
At the end of last Friday’s session, the price of an ounce of gold rose by 1.75%, or $31.80, to settle at $1,858.58 per ounce.
Concerns about rising prices increased after data from the US Bureau of Labor Statistics showed on Thursday that the inflation rate in the United States rose to 7.5% during last January on an annual basis, which represents the highest pace in 40 years.
On Friday, a US report said the United States believed that Russian President Vladimir Putin had decided to invade Ukraine, and had already communicated his plan to the Russian military.
During the next week, any developments in the prices of the yellow metal will be subject to geopolitical developments, and not technical fees for gold prices at the present time.