The price of gold in Kuwait today, Tuesday, November 16, 2021, varies amid rising global precious metal at the start of trading.
Gold prices in Kuwait today
The price of a gram of 24 carat gold in Kuwait traded around 18.12 dinars ($ 60.03) during Tuesday morning trading, the same level recorded in Monday’s trade.
The price of a gram of 21-carat gold (the most traded in the market) in Kuwait rose slightly to 15.86 dinars ($ 52.52), compared to 15.85 dinars on Monday, at the start of trading on Tuesday.
The price of a gram of 18 carat gold in Kuwait today was about 13.59 dinars ($ 45.02).
Gold prices rose slightly to 10.57 dinars ($ 35.02) a gram in Kuwait on Tuesday.
The price of an ounce and a pound of gold in Kuwait
Also, the price of an ounce of gold in Kuwait was about 563.68 dinars ($ 1867) during early trading on Tuesday.
The price of a pound of gold was around 126.88 dinars ($ 420.19) when it started trading in Kuwait on Tuesday.
Global gold prices
Globally, gold futures contracts for December delivery rose 0.14% to $ 1869.20 at the start of trading on Tuesday.
Neil Kashkari, a member of the US Federal Reserve, warned last Sunday against exaggerating the response to the rise in inflationary pressures, but explained that the increase may be temporary, despite expectations that it will continue to rise over the next few months.
Federal Reserve members Thomas Parkin, Esther George, Raphael Postick and Patrick Harker are due to issue additional statements on monetary policy and the country’s economic situation during trading on Tuesday.
The main dollar index – measuring the performance of the US currency against the basket of six currencies – was up 0.3% at 95.404 points in trading on Monday.
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