Gold prices rise sharply across Libya
Gold prices in Libya recorded a notable increase on Monday, compared to the levels observed on Sunday, according to platforms tracking the movement of the precious metal in the local market.
The price of 24-carat gold rose to 760 dinars per gram, up from 742.75 dinars the previous day. 22-carat gold increased to 696.75 dinars, compared with 681 dinars, while 21-carat gold—the most traded in the local market—climbed to 665 dinars per gram, after recording 650 dinars on Sunday.
The price of broken (18-carat) gold stood at around 740 dinars, while the ounce rose to 23,642 dinars, compared with 23,104 dinars the day before. The gold sovereign was priced at approximately 5,320 dinars.
Prices vary slightly from one jewellery shop to another depending on location and craftsmanship costs, yet overall market trends indicate a renewed upward movement in gold prices amid currency fluctuations and stronger demand for gold as a safe-haven asset.
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