Gold prices in Lebanon

Gold prices in Lebanon today live – the price of an ounce and a pound of gold

Gold has always been a trusted investment in Lebanon. It serves as both a safe-haven asset and a symbol of wealth. With ongoing economic instability, many Lebanese are turning to gold to protect their savings and hedge against inflation.

In this article, we’ll explore the latest gold price trends, the factors affecting the market, and what the future may hold.

Current Gold Prices in Lebanon

As of early 2025, gold prices in Lebanon remain highly volatile due to the country’s economic crisis. Gold is priced in Lebanese pounds (LL), but since it is a global commodity traded in US dollars, its local price is directly affected by currency fluctuations.

At the start of 2025, the price of 24-karat gold in Lebanon has ranged between LLXXX,XXX and LLXXX,XXX per gram. These prices change daily, reflecting both global gold trends and local economic conditions.

Factors Affecting Gold Prices in Lebanon

Several key factors influence gold prices in Lebanon:

1. Global Gold Prices

Gold prices in Lebanon follow global trends. When international gold prices rise, local prices increase. If global gold prices fall, Lebanese prices drop as well.

Gold is impacted by:

• Inflation rates
• Interest rates
• Geopolitical tensions
• Investor demand

2. Lebanese Pound Depreciation

The ongoing devaluation of the Lebanese pound is a major factor in rising gold prices.

• When the pound loses value, gold prices in LL increase.
• A 10% drop in the Lebanese pound can lead to a 10% rise in local gold prices—even if global gold prices remain stable.

3. Inflation and Economic Crisis

Lebanon has been facing an economic crisis since 2019, leading to hyperinflation. As prices soar and the currency weakens, many Lebanese see gold as a safe asset.

• Gold helps protect wealth when the economy is unstable.
• Increased demand for gold drives prices higher.

4. Gold as a Cultural Asset

Gold plays an important role in Lebanese culture. It is commonly bought for:

• Weddings
• Gifts
• Family savings

Even during economic crises, demand for gold jewelry, coins, and bullion remains strong.

5. Gold Imports and Supply Issues

Lebanon imports most of its gold. However, foreign currency shortages and economic troubles make it harder to buy and transport gold into the country.

• Import costs rise when the Lebanese pound weakens.
• Supply chain disruptions lead to higher local prices.

How Rising Gold Prices Impact Lebanon

1. Wealth Protection

For middle and upper-class Lebanese, gold is a way to protect savings. As banks struggle and the Lebanese pound loses value, gold provides a secure investment.

2. Investment and Speculation

Many investors in Lebanon are buying gold as a hedge against currency volatility. Popular gold investments include:

• Gold coins
• Bullion (gold bars)
• Gold-backed assets

With economic uncertainty, speculation on gold prices is increasing.

3. Jewelry Market Challenges

Rising gold prices have mixed effects on the jewelry industry:

• Expensive gold makes jewelry less affordable for weddings and gifts.
• Jewelers focus on selling investment gold, such as coins and bars.

What to Expect for Gold Prices in Lebanon (2025 & Beyond)?

The future of gold prices in Lebanon depends on several factors:

1. Stability of the Lebanese Pound

If the Lebanese pound stabilizes, gold prices in LL may drop (assuming global prices remain steady). This would require:

• Economic reforms
• Political stability
• Support from international financial institutions

2. Global Economic Trends

Gold’s international price is influenced by:

• Inflation
• Interest rates
• Geopolitical conflicts

If global uncertainty continues, gold prices may stay high, affecting Lebanon’s local gold market.

3. Gold as a Long-Term Investment

Despite short-term price fluctuations, gold remains a strong long-term investment.

• Gold historically outpaces inflation over time.
• Many Lebanese see gold as a safeguard against economic instability.

Conclusion

Gold continues to be a trusted investment in Lebanon. Whether for wealth protection, investment, or cultural traditions, gold plays a vital role in the economy.

With the Lebanese pound’s decline and ongoing inflation, demand for gold is expected to stay strong. While global trends will also impact local prices, gold remains one of the most stable assets for Lebanese citizens looking to secure their financial future.