Gold price rises in Syria despite global decline, justifications are “illogical”: experts ...Syria

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Gold price rises in Syria despite global decline, justifications are “illogical”: experts
Enab Baladi – Jana al-Issa After a stagnation witnessed since the beginning of this year, the gold markets in Damascus witnessed a clear demand during the summer season, with its prices locally reaching unprecedented levels. Gold prices have witnessed several fluctuations in the local market in Syria since the start of the Russian invasion of Ukraine last February, affected by gold prices globally, as the value of gold pricing in the goldsmiths’ markets sometimes recorded prices higher than international prices. Although the regime’s government does not recognize the black market for the exchange rate of the US dollar, it considers it the approved standard for calculating the price of gold l

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