Welcome to the world of gold trading in Syria! If you’re an investor or just curious, you’ll love the real-time gold price updates. This guide will give you the latest news and trends in Syria’s gold market.
As of November 30, 2024, gold in Syria costs 34,315,611 Syrian Pounds (SYP) per ounce. This is a bit higher than yesterday’s price. With live updates, you’ll always have the latest info to make smart choices.
Many things affect gold prices in Syria, like global markets and local economy. Keeping up with these can help you succeed in the gold market.
Key Takeaways
- Live gold prices in Syria updated minute-by-minute
- Current spot price stands at 34,315,611 SYP per ounce
- Prices influenced by global market forces and local economic factors
- Importance of staying informed to capitalize on market opportunities
- Comprehensive guide to understanding the Syrian gold market dynamics
Understanding Syria’s Gold Market Dynamics
The Syrian gold market is shaped by global forces and key trading centers. Prices are set in major hubs like Tokyo, London, and New York. These places greatly affect Syrian gold rates and gold trading Syria.
Gold is traded worldwide, with prices changing all day, every day. This happens because of the constant battle between supply and demand.
Global Market Influence on Syrian Gold
Prices of gold in Syria are linked to the global market. When demand is high, prices go up. When demand is low, prices go down.
This change affects the Syrian economy. The value of the Syrian Pound (SYP) against the US Dollar (USD) can change a lot.
Key Trading Centers Affecting Syrian Prices
The big global trading centers that shape Syrian gold prices are in Tokyo, London, and New York. These markets are where gold is mainly bought and sold.
The prices set in these places are watched closely. They are then seen in the Syrian gold market.
Market Hours and Trading Sessions
Gold trading happens all day, every day, around the world. Transactions keep happening, no matter the time zone.
This keeps gold prices changing to show the latest market news. This constant change affects Syrian gold rates and gold trading Syria.
“The Syrian gold market is a microcosm of the global gold economy, with prices and trading patterns heavily influenced by international
| Weight | Price (SYP) |
|---|---|
| Ounce | 6,660,679.35 |
| Kilo | 214,145,503.43 |
| Tola | 2,497,754.75 |
| Baht | 3,150,168.30 |
| Grain | 13,876.39 |
| Ratti | 38,974.63 |
Price of Gold in Syria: Daily Market Analysis
The Syrian gold market is always changing. It’s key to watch how gold prices move every day. Our latest report gives you the latest on gold prices in Syria. This helps you make smart choices when investing.
24K Gold Price Movements
Right now, 24K gold in Syria costs 1,301,000 SYP to buy and 1,310,000 SYP to sell. The market has seen a 0.61% change. This high-quality gold is in demand, showing the Syrian market’s lively nature.
21K gold costs 1,142,000 SYP to buy and 1,150,000 SYP to sell, with a 0.52% change.
Investment Grade Gold Trends
For those looking at investment-grade gold, 18K is key. The price of 18K gold in Syria is 980,000 SYP to buy and 986,000 SYP to sell, with a 0.51% change. These options are great for adding variety to your investment portfolio.
| Gold Purity | Buy Price (SYP) | Sell Price (SYP) | Price Change (%) |
|---|---|---|---|
| 24K | 1,301,000 | 1,310,000 | 0.61% |
| 22K | 1,195,000 | 1,203,000 | 0.50% |
| 21K | 1,142,000 | 1,150,000 | 0.52% |
| 18K | 980,000 | 986,000 | 0.51% |
Keeping an eye on gold prices in Syria helps you make smart choices. Our team will keep you updated on the Syrian gold market. This way, you can invest with confidence.
Gold Trading Hours and Price Updates in Syria
In Syria, gold trading is open 24/7, 5 days a week. Prices change all day to show the latest market news. This helps traders and investors know the current gold prices in Syria.
The latest gold price update in Syria was on November 30, 2024, at 08:21 UTC (03:21 NY time). This lets everyone keep up with the market. It helps them make smart choices when gold trading in Syria.
| Gold Purity | Buy Price (SYP) | Sell Price (SYP) | Spread (SYP) |
|---|---|---|---|
| 24K Gold | 214,077.5 | 214,077.5 | 0.0 |
| 22K Gold | 196,237.7 | 192,313.0 | 208,012.0 |
The table shows the current Syrian gold rates for 24K and 22K gold. It lists the buy, sell, and spread prices in Syrian pounds (SYP). These updates help traders make quick and smart choices in the gold trading in Syria.
Keeping an eye on Syrian gold rates all the time helps everyone. It lets them use the latest news to their advantage. This way, they can make good trading choices.
Different Gold Purity Standards in Syrian Markets
The Syrian gold market has many purity standards. Buyers can choose from 24K gold to 14K gold. Each has its own charm and value.
24K Pure Gold Specifications
24K Syrian gold is the purest and most expensive. It costs 214,077.51 Syrian pounds per gram. This Syrian gold bullion is loved for its bright shine and high value.
Popular 21K and 22K Options
There are also 22K and 21K gold options. 22K gold costs 196,095.00 SYP per gram. 21K gold is 187,317.82 SYP per gram. These gold jewelry Syria choices are loved for being affordable yet high-quality.
Understanding 18K and 14K Categories
For those on a budget, there’s 18K and 14K gold. 18K gold is 160,558.14 SYP per gram. 14K gold is 125,235.35 SYP per gram. These options let you enjoy Syrian gold bullion and gold jewelry Syria without spending too much.
Knowing about the different gold purities in Syria helps buyers make smart choices. Whether you want the luxury of 24K gold or something more affordable, there’s something for everyone in the Syrian gold market.
Gold Price Metrics: Grams, Ounces, and Tolas
In the Syrian gold market, prices are shown in grams, ounces, and tolas. Knowing these units is key for investors and those buying or selling Syria precious metals and Syrian gold coins.
The price of 24-karat gold in Syria is 214,077.51 Syrian Pounds (SYP) per gram. This is 6,660,679.35 SYP per ounce. For tolas, it’s 2,496,957.31 SYP per tola.
| Metric | 24K Gold Price (SYP) |
|---|---|
| Per Gram | 214,077.51 |
| Per Ounce | 6,660,679.35 |
| Per Kilogram | 214,077,514.06 |
| Per Tola | 2,496,957.31 |
These prices help with trading and investing in Syria precious metals and Syrian gold coins. Whether you want a small piece or a big investment, the Syrian gold market has something for everyone.
Learning about the different gold price metrics in Syria helps you make better choices. It lets you confidently explore the Syrian gold industry’s many opportunities.
Factors Influencing Syrian Gold Prices
The price of gold in Syria changes due to many factors. These factors make the price go up and down. It’s important to know about these factors if you’re interested in the Syrian gold market.
Economic Indicators
Syria’s economy affects gold prices. Things like GDP growth, inflation, and job rates matter a lot. They change how much people want to buy gold in Syria.
Currency Exchange Impact
The value of the Syrian Pound (SYP) against the US Dollar (USD) is very important. Right now, 1 USD is about 2,511.50 SYP. This rate changes how much gold costs for people buying it in Syria.
Global Market Forces
The Syrian gold market is connected to the world. What happens in big markets affects Syria. Things like supply and demand, world politics, and big economic plans can change gold prices in Syria.
So, the price of gold in Syria changes because of the economy, currency rates, and world events. Keeping an eye on these things helps when you’re investing in Syrian gold.
Gold Investment Strategies in Syria
In Syria, you can pick from many ways to invest in gold. Experts say to put 5-10% of your money into commodities like gold investment Syria. This can protect your money from bad times and grow it over time.
When you buy Syrian gold bullion, you can pick how pure it is. The gold price is 34,315,611 Syrian Pounds (SYP) per ounce. It’s smart to talk to experts before you invest a lot in Syrian gold.
| Metric | Value |
|---|---|
| World Gold Production per Hour | More steel than gold mined since the beginning of recorded history |
| Total Gold Mined | Fits into a cube measuring just 22 meters on each side |
| First Gold Coins Struck | Around 550 BC |
| Earliest Treasures Containing Gold | 4000 BC |
| Gold Performance During 2007-2009 Financial Crisis | Increased by 25% while S&P 500 fell by over 50% |
| Gold Price Increases in Recessions | Sharp increases in roughly 3 out of every 4 recessions |
| Annual Gold Consumption in Malaysia | 50 to 100 tons |
| Gold Price Adjustment for Inflation in the Last 30 Years | Not adjusted |
By looking at these strategies and insights, you can make smart choices for gold investment Syria. This can help your investment portfolio grow over time.
Historical Gold Price Trends (2017-2024)
The gold market in Syria has seen big price changes over the years. Looking at trends from 2017 to 2024 shows a mix of local and global economic factors.
Year-over-Year Price Analysis
Gold prices in Syria are now 34,315,611 Syrian Pounds (SYP) per ounce. This is up from 26,033,732 SYP last year. It’s a 31.8% jump in gold prices Damascus in the last 12 months.
Market Peaks and Valleys
Syrian gold rates have gone up and down a lot from 2017 to 2024. The highest price was 35,602,526 SYP per ounce on October 30, 2024. The lowest was 22,517,891 SYP on June 15, 2019. These changes were due to many economic and global market factors.
Economic Impact Factors
The Syrian gold rates have been influenced by many things. Local and international economic conditions, like currency rates and inflation, have played a big role. Also, global events have affected the Syrian gold market over the last eight years.
“The gold market in Syria is a dynamic and constantly evolving landscape, reflecting the broader economic and geopolitical forces at play in the region.”
Gold Trading Regulations in Syria
| Regulation | Key Features |
|---|---|
| Syria (Sanctions) (EU Exit) Regulations 2019 |
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| U.S. Sanctions on Syria |
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| EU Sanctions on Syria |
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Conclusion
The Syrian gold market is always changing. Prices are affected by many global and local things. As of November 30, 2024, the price of gold in Syria is 214,077.51 SYP per gram for 24K gold. It’s also 34,315,611 SYP per ounce.
Understanding the Syrian gold market is key. It has different purity levels and ways to measure. This helps meet various investment needs.
To do well in this market, you need to know what’s happening. Look at past prices and how the economy and currency changes affect it. With this info, you can make smart choices and find good chances in the Syria gold market.