Friday, 24 January 2025, 11:12 AM
Gold Unit | Libyan Dinar | U.S. Dollar |
---|---|---|
Gold Ounce | 13,636.65 | 2,774.20 |
Gold Gram Karat 24k | 438.48 | 89.20 |
Gold Gram Karat 22k | 401.65 | 81.71 |
Gold Gram Karat 21k | 383.67 | 78.05 |
Gold Gram Karat 18k | 328.86 | 66.90 |
Gold Gram Karat 14k | 256.51 | 52.18 |
Gold Gram Karat 12k | 219.24 | 44.60 |
Gold Gram Karat 10k | 182.85 | 37.20 |
Gold Gram Karat 9k | 164.43 | 33.45 |
Gold Gram Karat 8k | 146.01 | 29.70 |
In Libya, gold jewelry is a significant aspect of cultural heritage and personal expression. The karats of gold predominantly used range from 18K to 24K, each with its unique characteristics and popularity.
24K gold is the purest form of gold, comprising 99.9% gold content. This karat is highly favored for its rich color and brilliance, making it a favorite for traditional jewelry. However, due to its softness, 24K gold is often not used in everyday items.
18K gold, containing 75% gold and 25% other metals, is the most commonly purchased gold in Libya. Its durability combined with a beautiful golden hue makes it ideal for intricate designs while maintaining strength for daily wear.
22K gold, with 91.6% gold content, is also popular, particularly for wedding jewelry. It strikes a balance between purity and durability, making it a favored choice among many Libyans.
Less commonly, 14K gold is utilized, which contains 58.3% gold. Its use is mainly limited to more affordable jewelry options.
Overall, the selection of gold karats reflects both personal preference and cultural significance in Libya.
The price of gold in Libya, like in many other countries, is influenced by various factors that operate both locally and internationally. One of the primary determinants is the global gold market, where prices fluctuate based on supply and demand dynamics, investor sentiment, and economic indicators. Strong demand for gold in global markets often drives up prices, which in turn affects local pricing in Libya.
In addition to global influences, Libya's local political and economic conditions play a significant role. The country's oil revenues can impact its currency value, thus affecting gold prices. When the Libyan dinar strengthens, the local cost of gold might decrease, while a weakening dinar can result in higher gold prices.
Moreover, Libyan traditions and practices contribute to gold demand. Gold jewelry, especially during marriages and cultural celebrations, remains highly sought after, leading to seasonal fluctuations in prices.
Lastly, government policies, import taxes, and local market regulations also affect gold pricing in Libya. Together, these factors create a complex interplay that determines the price of gold in the Libyan market.
The gold market in Libya has been traditionally influenced by a variety of factors including local economic conditions, global market trends, and geopolitical stability. As of recent forecasts, analysts predict that gold prices in Libya may experience fluctuations in the near future. The ongoing political instability and economic challenges could lead to increased demand for gold as a safe-haven asset among Libyan investors.
Global gold prices are expected to fluctuate based on various international factors such as inflation rates, interest rates, and the strength of the US dollar. These global trends are likely to impact the local market in Libya significantly. For instance, if the global gold prices rise due to economic uncertainty, it could elevate local prices even further.
Additionally, national policies and regulations affecting gold trade within Libya could play a crucial role in shaping future prices. Local demand, often driven by factors such as jewelry demand and investment preferences, will also influence price stability. Overall, while predictions remain cautious, the combination of local and global factors suggests that Libyan gold prices may continue to experience volatility in the coming months.
Date | Gold Ounce | Gold Gram Karat 24 | Gold Gram Karat 22 | Gold Gram Karat 21 | Gold Gram Karat 18 | Gold Gram Karat 14 |
---|---|---|---|---|---|---|
23 January 2025 | 13,530.83 | 435.07 | 398.79 | 380.61 | 326.20 | 253.86 |
22 January 2025 | 13,547.58 | 435.61 | 399.28 | 381.09 | 326.61 | 254.18 |
21 January 2025 | 13,507.95 | 434.34 | 398.11 | 379.97 | 325.65 | 253.43 |
20 January 2025 | 13,396.00 | 430.74 | 394.81 | 376.82 | 322.95 | 251.33 |
19 January 2025 | 13,362.87 | 429.67 | 393.84 | 375.89 | 322.15 | 250.71 |
18 January 2025 | 13,345.29 | 429.11 | 393.32 | 375.39 | 321.73 | 250.38 |
17 January 2025 | 13,445.72 | 432.34 | 396.28 | 378.22 | 324.15 | 252.26 |
16 January 2025 | 13,358.85 | 429.54 | 393.72 | 375.78 | 322.06 | 250.63 |
15 January 2025 | 13,203.62 | 424.55 | 389.14 | 371.41 | 318.31 | 247.72 |
14 January 2025 | 13,247.84 | 425.98 | 390.45 | 372.65 | 319.38 | 248.55 |
13 January 2025 | 13,334.22 | 428.75 | 392.99 | 375.08 | 321.46 | 250.17 |
12 January 2025 | 13,350.71 | 429.28 | 393.48 | 375.55 | 321.86 | 250.48 |
11 January 2025 | 13,298.33 | 427.60 | 391.93 | 374.07 | 320.60 | 249.50 |
10 January 2025 | 13,164.47 | 423.29 | 387.99 | 370.31 | 317.37 | 246.99 |
9 January 2025 | 13,112.85 | 421.64 | 386.47 | 368.86 | 316.12 | 246.02 |
8 January 2025 | 13,123.38 | 421.97 | 386.78 | 369.15 | 316.38 | 246.22 |
6 January 2025 | 12,936.20 | 415.95 | 381.26 | 363.89 | 311.87 | 242.71 |
5 January 2025 | 12,954.15 | 416.53 | 381.79 | 364.39 | 312.30 | 243.04 |
4 January 2025 | 12,978.76 | 417.32 | 382.52 | 365.08 | 312.89 | 243.50 |
3 January 2025 | 13,163.93 | 423.28 | 387.97 | 370.29 | 317.36 | 246.98 |
2 January 2025 | 12,934.54 | 415.90 | 381.21 | 363.84 | 311.83 | 242.67 |
1 January 2025 | 12,938.99 | 416.04 | 381.34 | 363.97 | 311.93 | 242.76 |
31 December 2025 | 12,804.13 | 411.71 | 377.37 | 360.17 | 308.68 | 240.23 |
30 December 2025 | 12,914.16 | 415.25 | 380.61 | 363.27 | 311.33 | 242.29 |
29 December 2025 | 12,879.21 | 414.12 | 379.58 | 362.28 | 310.49 | 241.64 |
28 December 2024 | 12,879.21 | 414.12 | 379.58 | 362.28 | 310.49 | 241.64 |
27 December 2024 | 12,907.16 | 415.02 | 380.41 | 363.07 | 311.17 | 242.16 |
26 December 2024 | 12,883.81 | 414.27 | 379.72 | 362.41 | 310.60 | 241.72 |
25 December 2024 | 12,839.79 | 412.86 | 378.42 | 361.18 | 309.54 | 240.90 |
24 December 2024 | 12,825.06 | 412.38 | 377.99 | 360.76 | 309.19 | 240.62 |
The gold making charges in Libya can significantly impact the overall cost of purchasing gold jewelry. Typically, these charges are calculated as a percentage of the gram price of gold. In Libya, gold making charges generally range from 10% to 25% of the gram price, depending on various factors such as the complexity of the design and the craftsmanship involved.
As gold prices fluctuate, the absolute value of these making charges can vary as well. For instance, if the price of gold is approximately 1,500 Libyan Dinars (LYD) per gram, the making charges could be around 150 LYD to 375 LYD per gram. This means that, on top of the gold price itself, customers may pay an additional amount that can considerably increase the final cost of the jewelry they wish to purchase. Understanding these charges is crucial for consumers looking to make informed decisions when buying gold in Libya.