Welcome to our guide on the gold price in the State of Palestine. We keep you updated on gold’s value in your area. The gold market changes often, and we’re here to help.
Right now, 24-karat gold in Palestine costs 60.43 Jordanian dinars (JOD) per gram. This is the purest gold and is very popular. You can also find prices for other gold purities like 22-karat, 21-karat, 18-karat, and 14-karat on our site.
The spot gold price in Palestine is 9,629.27 JOD per ounce. This is more than last year’s price of 7,592.60 JOD per ounce. It shows how fast the gold market can change.
Key Takeaways
- The current price of 24-karat gold in Palestine is 60.43 JOD per gram.
- The spot gold price in Palestine is 9,629.27 JOD per ounce, up from 7,592.60 JOD last year.
- Gold prices in Palestine fluctuate based on supply and demand dynamics in global trading centers.
- Experts recommend allocating 5-10% of investment portfolios to commodities like gold for diversification.
- Live gold price updates in Palestine are available on our platform, providing you with the most current market information.
Current Gold Market Overview in Palestine
The Palestinian gold market is influenced by global prices and trends. It’s a big player in the Middle East. It works 24/7, 5 days a week, keeping up with world news.
Latest Price Movements and Trends
The gold price in Palestine hasn’t changed much. This shows the market is stable. Economic and political factors have kept things balanced lately.
Market Trading Hours and Updates
Gold trading in Palestine happens in UTC and New York time. This gives updates and prices to investors and buyers. It helps traders make quick decisions based on market news.
Key Trading Centers Affecting Palestinian Gold Prices
Prices in Palestine are affected by big financial hubs like Tokyo, London, and New York. These places are key to the global gold market. They help set trends and changes in Palestine.
| Trading Center | Influence on Palestinian Gold Prices |
|---|---|
| Tokyo | Japan’s role as a leading consumer and trader of gold significantly impacts the price dynamics in Palestine. |
| London | The London Bullion Market, one of the largest and most influential gold trading platforms, exerts a strong influence on gold rates in Palestine. |
| New York | The New York Commodities Exchange (COMEX) is a crucial reference point for gold pricing, with its trading activities directly impacting the Palestinian gold market. |
“The Palestinian gold market is a reflection of the global economic landscape, with its prices and trends mirroring the dynamics of the international precious metals industry.”
Live Gold Rates Per Gram in Palestine
Today, the live gold rates per gram in Palestine are as follows:
| Gold Karat | Price per Gram (ILS) | Price per Gram (USD) |
|---|---|---|
| 24K | 309.86 | 85.28 |
| 22K | 284.02 | 78.18 |
| 21K | 271.11 | 74.62 |
| 18K | 232.38 | 63.93 |
| 14K | 180.77 | 49.76 |
These live gold rates in Palestine show the latest market changes. They are updated in real-time. People can use these rates to make smart choices when buying gold price per gram Palestine or taking part in the Palestinian bullion trade.
Gold bars in Palestine come in sizes from 1 gram to 1000 grams. Prices are in Jordanian Dinar (JOD). People can pick the right gold bar size for their needs and budget.
In Palestine, 18K gold is most common. It has 75% pure gold. 21K gold, with 87.5% pure gold, is also liked by locals. But 24K gold, with 99.9% purity, is rare for jewelry because it’s soft. Yet, it’s a top choice for investing.
“Investing in gold is a wise choice in Palestine, as the metal has historically been a reliable store of value and a hedge against economic uncertainty.”
Experts say gold prices in Palestine will likely go up. This is because of global economic trends, local demand, and stability. People should keep up with the latest gold price per gram Palestine. They should also think about the Palestinian bullion trade as a good investment.
24K, 22K, and 18K Gold Price Analysis
If you’re thinking about West Bank gold investing or love Palestinian jewelry market trends, knowing about gold is key. Palestine has many gold choices, from 24-karat (24K) to 22-karat (22K) and 18-karat (18K).
Premium Gold Quality Rates
24K gold is the top choice, costing 60.43 Jordanian Dinars (JOD) per gram in Palestine. It’s 100% pure, perfect for those wanting the best gold.
Investment Grade Gold Specifications
For West Bank gold investing, 24K gold is the best. It keeps its value well over time. It’s pure and valuable in the Palestinian market.
Jewelry Market Standards
In the lively Palestinian jewelry market, 22K and 18K gold are favorites. 22K costs 55.40 JOD per gram, and 18K is 45.32 JOD. They’re good for jewelry because they’re affordable yet quality.
Knowing about gold in Palestine helps investors and jewelry lovers. It helps them make choices that fit their needs, whether for West Bank gold investing or Palestinian jewelry market trends.
Gold Price in State of Palestine: Market Dynamics
The Palestinian gold market is linked to the world’s supply and demand. Lately, gold prices have stayed pretty steady. Many things affect gold prices in Palestine, like the economy, world events, and currency rates.
| Gold Price Movements | Value |
|---|---|
| Gold Price Increase | 0.8% to $1,937.80 per ounce |
| Gold Futures Price | $1,950.65 per ounce |
| Gold Price Gain | 5% by mid-October 2023 |
| Largest One-Day Increase | 3.2% to $1,928.15 per ounce on October 13 |
| Speculator Net Short Holdings | Increased in the week ending October 10 |
| Gold Price in State of Palestine | Decreased by $7 to $2,640 per ounce |
| 24-Carat Gold Price in Palestine | Dropped by Rs 700 to Rs 275,200 per tola |
| 10 Grams Gold Price in Palestine | Increased by Rs 600 to Rs 235,940 |
The Palestinian gold market changes a lot. It’s affected by the world’s economy, politics, and currency rates. As it keeps changing, people will watch closely. They want to make good choices in this shifting world.
Currency Exchange Impact on Gold Values
The value of gold in Palestine changes with currency exchange rates. The Jordanian Dinar (JOD) is worth about 0.71 USD. This rate affects the gold price in Palestine.
It’s important to watch both gold and currency markets. This helps investors make smart choices.
JOD to USD Conversion Rates
The JOD to USD exchange rate is key for gold value in JOD in Palestine. The US Dollar is used in global gold trading. So, changes in the JOD/USD rate can change gold prices.
Investors should keep up with the latest JOD to USD rates. This helps them with their Palestine currency exchange and gold investments.
Regional Currency Fluctuations
Other currencies like the Euro (EUR) and British Pound (GBP) also affect gold prices in Palestine. Changes in their value against the JOD can change gold prices.
It’s important to watch these currency movements. This helps understand the gold value in JOD in the Palestinian market.
“The impact on the forex market from the conflict may be temporary but could lead to ripple effects depending on the conflict’s duration and intensity.”
Palestinian Gold Trading Markets
The Palestinian gold markets are part of the Middle Eastern precious metals scene. Major cities in the Gaza Strip and the West Bank are key spots. These markets are shaped by local and global economic trends.
Local dealers and jewelers are big players in the Palestinian gold scene. They offer many options for Arab gold investment opportunities.
The Gaza Strip gold exchange is a major spot for gold trading. Dealers there sell everything from small jewelry to big investment bars. The West Bank also has a lively gold market. Jewelry shops and bullion dealers meet local and regional needs.
| Key Facts about Palestinian Gold Markets |
|---|
| – The Israeli New Shekel is the official currency used in the Palestinian territories of the West Bank and the Gaza Strip. |
| – The Holy Land Mint produces a variety of bullion products, coins, medals, and banknotes, including the 1 gram Pure Gold Bar In Assay that is 999.9 percent fine gold. |
| – Larger gold bars may offer potential per-ounce cost savings due to lower premiums. |
| – In Gaza, the gross domestic product fell by 81% in the last quarter of 2023, and unemployment soared to 79%. |
| – By early 2024, 82% of private sector establishments in Gaza had been damaged or fully destroyed. |
Even with tough economic times, the Palestinian gold markets are crucial. They offer many Arab gold investment opportunities in the Gaza Strip and the West Bank.
Gold Investment Options in West Bank and Gaza
If you want to invest in gold in the West Bank and Gaza, you have many choices. You can buy physical gold like bars, coins, and more.
Physical Gold Purchase Guidelines
When buying physical gold, check its purity and realness. Good dealers will show you proof of quality. Also, know the current gold prices to get a good deal. Think about what kind of gold you want, like bars or coins, based on your goals.
Storage and Security Considerations
After buying gold, you need to store it safely. You can use a personal safe or a bank box. Know the local rules for keeping and moving gold to keep it safe.
Gold investing in the West Bank and Gaza is smart. It helps protect your money from changes in value and economic worries. By knowing how to buy and store gold, you can make smart choices. This can help your investment grow over time.
| Investment Option | Key Considerations |
|---|---|
| Physical Gold Bars |
|
| Gold Coins |
|
| Gold ETFs or Funds |
|
“Gold has been a reliable store of wealth for centuries, and its role in portfolio diversification is well-established. By investing in gold in the West Bank and Gaza, you can potentially benefit from its long-term growth potential and protection against economic uncertainties.“
Historical Gold Price Analysis (2019-2024)
The Palestine gold price history has seen big changes over the years. From 2019 to 2024, gold prices went up and down a lot. This shows how the global gold market trends Palestine can be very unpredictable.
In 2019, gold prices went up by 19%. This was because of the Federal Reserve’s actions and more global instability. Then, in 2020, prices rose by 25%. This was because of the COVID-19 pandemic and economic help given worldwide.
But in 2021, gold prices dropped by 8%. This was because of tighter money rules and more people choosing cryptocurrencies. In 2022, prices went up at first, but then fell because of higher interest rates.
“By 2023, gold hit a new high due to Fed rate cuts and geopolitical tensions.”
In the first half of 2024, gold prices reached a record high of ₪10,410 per ounce on October 25th. This big jump was because of the Federal Reserve’s rate cuts and more global tensions.
Today, the current gold price in Palestine is ₪9,629.27 per ounce. This is a big jump from last year’s ₪7,592.60 per ounce. This history helps investors understand the Palestine gold price history and make smart choices about gold market trends Palestine.
Gold Trading Spreads and Commission Structures
Trading gold in the Palestinian market has its own rules. It’s important to know about spreads and commission structures. The prices you see are not just for the gold. They also include dealer margins and labor costs.
The spread percentage can change. Dealers adjust it to make a profit on both the bid and ask prices.
Dealer Margins and Labor Costs
Palestinian gold dealers add their own margins and operation costs to the prices. These costs include labor, rent, and overhead. This means prices can vary between dealers.
Market Maker Price Differences
The Palestinian gold market also sees price differences. Market makers, like banks and trading firms, play a role. They offer different buy and sell prices for gold. This can lead to small price differences for you as a trader or investor in the Palestinian gold trading fees and gold dealer margins Palestine.