Gold Markets Hold Steady: Midday Update on 18K, 24K, and Global Ounce Rates
In a display of market stability, the price of gold showed minimal fluctuation in today’s midday trading session. The latest figures, updated for the Iranian market, indicate a period of calm following recent activity.
Global Ounce Price Remains Unchanged
The international gold market presented a picture of equilibrium. As of the latest update, the global price for one ounce of gold held firm at $3,448, showing no change from the previous day’s closing rate. This steadiness follows a period of modest gains, reflecting a balanced global demand.
Recent Global Ounce Trends:
- Today (10:50): $3,448 | Change: $0.00
- Previous Day: $3,448 | Change: +$3.27 (+0.09%)
- Two Days Ago: $3,445 | Change: +$27.00 (+0.77%)
Slight Adjustments in Domestic Gold Prices
Domestically, the prices for 18-karat gold experienced a minor corrective adjustment.
- 18-Karat Gold (per gram): The price saw a slight decrease of 0.18%, moving from 8,677,455 tomans to 8,662,449 tomans.
- 18-Karat Gold (per Mithqal): Similarly, the price per mithqal saw a negligible decline of 0.17%, adjusting from 37,589,000 tomans to 37,524,000 tomans.
These minor adjustments are typical of a healthy and responsive market, aligning with the stable global benchmark and demonstrating the market’s efficient price discovery mechanisms.
Source: Intitar