Find out the latest gold prices in Yemen. They are updated in real-time. This shows how fast the precious metal market changes. As of December 4, 2024, gold costs 660,729 Yemeni Rials (YER) per ounce. This is a bit lower than yesterday’s price of 661,304 YER.
But, it’s still much higher than last year. It went up from 508,305 YER per ounce on December 4, 2023.
Gold prices in Yemen are set by the global market. Big trading places like Tokyo, London, and New York decide these prices. These prices change often. This gives you the latest news on gold’s value in Yemen.
Key Takeaways
- The current gold price in Yemen is 660,729 Yemeni Rials per ounce, down slightly from the previous day.
- Gold prices in Yemen have risen significantly compared to the same period last year, reflecting the dynamic nature of the market.
- Prices are set by global commodity market participants in major trading centers like Tokyo, London, and New York.
- Gold prices are updated frequently, providing real-time insights into the value of the precious metal in the Yemeni market.
- Reliable information on gold prices and currency exchange rates in Yemen is available from reputable sources like Exchange-rates.org.
Current Gold Market Overview in Yemen
Knowing about buying gold Yemen, gold investment Yemen, and gold trading Yemen is key. It’s important for anyone looking into gold investment Yemen. Let’s explore the main points that shape the gold market in Yemen today.
Understanding Spot Gold Prices
The spot gold price is the current price for gold right now. In Yemen, it’s 660,729 Yemeni Rial (YER) per ounce. These prices change often because of supply and demand, without a set formula.
Factors Affecting Daily Rate Changes
- Gold trading happens all over the world, 24/7, 5 days a week. This causes prices to change a lot during the day.
- Things like the economy, world events, and how people feel about investing can also change prices.
- How the Yemeni Rial compares to other currencies, like the US Dollar, also affects gold prices in Yemen.
Market Trading Hours and Updates
To keep up with the gold investment Yemen market, watching real-time updates is key. Sites like LivePriceofGold.com offer easy access to global gold rates. They show prices for different types of gold in Yemen.
| Gold Type | Price per Gram (YER) | Price per Ounce (YER) |
|---|---|---|
| 24K Gold | 21,280.55 | 660,529.55 |
| 22K Gold | 19,507.18 | 605,722.58 |
| 21K Gold | 18,620.49 | 578,235.19 |
| 18K Gold | 15,960.42 | 495,614.02 |
| 14K Gold | 12,449.12 | 386,339.72 |
By understanding the buying gold Yemen, gold investment Yemen, and gold trading Yemen markets, investors can make smart choices. They can take advantage of the changing opportunities in this market.
Price of Gold in Yemen: Live Rates by Weight
LivePriceofGold gives you the latest on the Yemeni gold market. It shows real-time gold prices for different weights and purities. As of December 4, 2024, 13:24 UTC, here are the current gold rates in Yemen:
- 24K Gold/gram: 21,254.31 Yemeni rial (YER)
- 22K Gold/gram: 19,468.95 YER
- 21K Gold/gram: 18,597.52 YER
- Spot Gold/oz: 661,009.12 YER
- Gold/tola: 247,906.05 YER
The Yemeni gold market also lists prices for gold per kilogram and in different carats. This includes 18K, 14K, 10K, and 6K. These live rates help gold dealers and investors make smart choices.
The gold price in Yemen changes due to many factors. These include global trends, supply and demand, and Yemen’s economy. By watching these live rates, gold dealers and investors can make the most of the Yemeni gold market.
Yemen Gold Market Trading Dynamics
The gold market in Yemen is complex. Many factors affect prices and trading. Knowing about supply and demand, who trades, and price changes is key.
Supply and Demand Factors
Gold prices in Yemen change based on supply and demand. If demand is high and supply is low, prices go up. But if there’s too much gold, prices fall.
Economic growth, inflation, and world events also affect gold demand in Yemen.
Market Participants and Trading Centers
Many people and groups trade gold in Yemen. This includes investors, banks, and companies. They use different places to trade, which helps set prices.
These places are important for finding out prices and sharing market news.
Price Fluctuation Patterns
The gold prices in Yemen change a lot during the day. Traders buy and sell based on what they think will happen. These changes are due to many things like interest rates and world news.
Knowing these patterns helps traders make smart choices in the Yemen gold market.
“Gold has been valuable for centuries, and the Yemen gold market is key in the world. It’s important to understand this market for anyone interested in gold trading Yemen.”
Gold Investment Opportunities in Yemen
In Yemen, investors can find many gold investment opportunities. They can buy physical gold like bars, coins, or jewelry. This way, they can own the real thing and enjoy gold’s safe status during tough times.
Experts say putting 5-10% of your money in commodities, like gold investment Yemen, is wise. The current economic state and buying gold Yemen make gold a good choice for diversifying and reducing risk.
Investors in physical precious metals Yemen need to think about storage, insurance, and how easy it is to sell. Keeping the gold safe and insured is key. Also, being able to quickly buy and sell gold adds to its value.
| Indicator | Value |
|---|---|
| Gold Price (USD/oz) | $2,036.71 |
| Calibre Mining Revenue (USD M) | $143.9 |
| International Liquidity: Gold (XDR mn) | 41.966 |
| Total Reserves incl. Gold (USD mn) | 5,241.202 |
The table shows important stats about the gold investment Yemen market. It includes the current price, industry earnings, and liquidity measures. These numbers help investors understand the market’s chances and risks.
“Investing in gold can be a smart move, especially in times of economic and geopolitical uncertainty. Yemen’s gold market presents both challenges and opportunities for savvy investors.”
Historical Gold Price Analysis in Yemen
The price of gold in Yemen has changed a lot lately. This change shows how global and local economies work together. From 2017 to 2024, Yemen’s gold market faced many challenges. These challenges led to big changes in gold prices Yemen.
Price Trends 2017-2024
The highest price of gold in Yemen was on October 30, 2024. It reached 697,634 YER per ounce. This high price was because of world financial trends, local economy, and currency changes. The USD/YER exchange rate was 250.35 as of the latest update.
Market Peak Performance Analysis
Yemen’s gold prices were affected by global conflicts and economic events. The gold market was sensitive to big world issues. Issues like the Iraq War, Syrian Civil War, Ukraine Crisis, and COVID-19 pandemic caused big price changes.
Economic Impact Factors
Looking at the past shows how global economics affect Yemen’s Yemen gold market. Big events like World War I, World War II, Iran-Iraq war, and Russia-Ukraine conflict changed gold prices. This shows how the world’s economy affects local markets.
Understanding these price trends and economic impact factors helps investors in Yemen. They can make better choices about their investments and trading plans.
“The gold market in Yemen is a dynamic and complex arena, reflecting the ebb and flow of global economic forces. By closely analyzing historical price data, we can uncover valuable insights that can inform our decision-making and help us navigate the challenges and opportunities that lie ahead.”
Conclusion
The gold market in Yemen is complex. Prices change due to many local and global factors. Knowing about spot prices, market trends, and history is key for investors and traders.
Gold is still a good investment choice. But, remember the market can be unpredictable. Always get advice from experts before investing.
Keeping up with gold investment Yemen prices and news is vital. The US dollar gold price has hit new highs. This shows gold’s growing importance worldwide.
The Yemen gold market is always changing. It’s important for people and businesses to stay informed. By understanding the market, you can make smart choices and benefit from its changes.