Damascus, Sept. 7 (SANA) The price of 21-karat gold in Syria fell by 50 Syrian pounds per gram on Monday compared with Sunday, according to the General Authority for Precious Metals Management.
The authority’s daily bulletin put the selling price of 21-karat gold at 16,100 Syrian pounds ($131.97) per gram and the buying price at 15,800 pounds ($129.51). A gram of 18-karat gold was priced at 13,800 pounds ($113.11) for selling and 13,500 pounds ($110.66) for buying.
In international markets, spot gold fell 0.7% to $4,398.13 an ounce, while US gold futures for December delivery dropped 0.7% to $4,443.60, Reuters reported.
Gold came under pressure after stronger-than-expected US employment data reinforced expectations of a Federal Reserve rate hike this month. Traders priced in a 58.4% chance of a rate increase at the Fed’s Sept. 15-16 meeting, according to CME’s FedWatch tool.
Spot silver fell 1% to $65.53 an ounce, platinum declined 0.8% to $1,806.59 and palladium slipped 0.5% to $1,393.76.
N.J/MF
