Introduction
Gold prices in the Syrian market recorded a notable increase on Thursday, with the price of 21-karat gold rising by 1,000 Syrian lira per gram compared to the previous trading day.
Local Gold Prices
According to the bulletin issued by the Jewelers Association, the selling price of 21K gold reached 18,600 Syrian lira per gram, while the buying price stood at 18,000 lira.
18K Gold Prices
The same bulletin showed that 18-karat gold was priced at 15,900 lira for selling and 15,300 lira for buying in the local market.
Price Compliance Reminder
The association emphasized the importance of adhering to the official daily price list and displaying it clearly at jewelry shop fronts to ensure transparency.
Global Gold at Record High
The local price increase coincided with a global surge in gold prices, with gold exceeding $5,550 per ounce for the first time ever amid rising safe-haven demand.
Market Regulation
Syria’s General Authority for Precious Metals works through affiliated jewelers’ associations to regulate the local market by issuing daily prices and monitoring compliance, helping maintain stability and prevent manipulation.
