Syrian Gold Price Soars by $17 in Single Day
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Gold prices in Syria jumped sharply on Monday. The price for one gram of 21-karat gold rose by 25,000 Syrian Pounds (SYP).
The Goldsmiths Syndicate set the new selling price at 1,400,000 SYP per gram. The previous day's price was 1,375,000 SYP.
The Syndicate issues daily bulletins that set official rates. These prices guide the local market for buying and selling gold.
Gold is a critical asset in Syria's economy. Many citizens use it to save money, especially during times of high inflation and a weak national currency.