Gold prices in Lebanon recorded a slight decline across all karats on Tuesday, March 11, 2025.
Global Gold Market Trends
On the global front, gold prices rose during Tuesday’s trading session due to a weaker U.S. dollar and lower U.S. Treasury yields. The rise in gold prices comes as investors await inflation data to gauge the Federal Reserve’s monetary policy trajectory amid escalating trade tensions and concerns over economic slowdown.
The U.S. dollar index hovered near its four-month low recorded last week, making gold more affordable for overseas buyers. Meanwhile, the yield on 10-year U.S. Treasury bonds declined.
Ilya Spivak, head of global macroeconomics at Tasty Live, commented, “The decline in both the U.S. dollar and Treasury yields is providing some support for gold.”
As of 09:01 AM Abu Dhabi time, spot gold rose by 0.3% to $2,898.27 per ounce, while U.S. gold futures increased by 0.1% to $2,902.50 per ounce.
“Gold prices have remained within the $2,830–$2,960 range over the past four weeks. A decisive breakout above or below this range would indicate a sustained trend movement,” Spivak added.
In a Sunday interview with Fox News, U.S. President Donald Trump refrained from speculating on whether the tariffs he imposed could lead to a U.S. recession, which has contributed to global stock market declines.
Other Precious Metals
- Silver: Up 0.3% to $32.19 per ounce.
- Platinum: Steady at $957.89 per ounce.
- Palladium: Down 0.3% to $940.47 per ounce.
Gold Prices in Lebanon Today
Gold is available in various karats, with 22-karat being the most popular due to its balance of durability and beauty. Here are today’s gold prices in Lebanon, according to “Gold-Price”:
- 24K Gold per Gram: LBP 8,350,000 ($93.55)
- 22K Gold per Gram: LBP 7,655,000 ($85.76)
- 21K Gold per Gram: LBP 7,305,000 ($81.86)
- 18K Gold per Gram: LBP 6,265,000 ($70.17)
- Gold Ounce Price: LBP 259,720,000 ($2,909.86)
- Gold Pound Price: LBP 58,450,000 ($654.88)
