Gold & Silver Price Today in Syria
Live prices per gram in SYP
Live gold and silver prices in Syria in SYP. Gold karats 24/22/21/18/14K and silver purities 999/925/900 — updated daily.
🥇 Gold Price — Syria
| Karat | Per Gram (SYP) |
|---|---|
| 24K | |
| 22K | |
| 21K | |
| 18K | |
| 14K |
SYP/gram
SYP/gram
SYP/gram
SYP/gram
SYP/gram
21K Gold — 7-Day Chart (SYP/gram)
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Silver Price Today in Syria
Fine 999, Sterling 925 and Coin 900 silver prices in SYP per gram, ounce and kilo. Updated daily from live XAG/USD rates.
| Purity | Per Gram (SYP) |
|---|---|
Fine 999 Silver — 7-Day Chart (SYP/gram)
Gold in Syria
Syria has a centuries-old gold tradition, with Damascus historically renowned as one of the great jewelry-making centers of the Arab world. Following years of civil war, gold has become the most critical savings instrument for Syrians — both inside the country and among the large diaspora. Prices are quoted in Syrian Pound (SYP), which has suffered massive devaluation since 2011.
Local Market Context
Damascus's gold souk in the old city Hamidiyya market is one of the oldest in the world, operating for over a millennium. Aleppo's gold district was a major trading hub before the war. Despite the conflict's devastating impact, Syrian goldsmiths have maintained their craft tradition, and demand for gold — driven by survival savings needs — has paradoxically increased during the crisis.
Taxes & Duties on Gold in Syria
Syria officially applies no VAT or import duty on gold, but the highest dealer margin in the Arab countries tracked (approximately 6%) reflects extraordinary political and economic risk, currency collapse, and the cost of informal import channels. The SYP has lost the vast majority of its value since 2011; practical gold transactions often occur in USD or at parallel market rates far above official SYP rates.
Buying Tips for Syria
In accessible areas of Syria, established gold district dealers remain the safest option. Transactions in USD or Turkish Lira are common in northern Syria, while Damascus traditionally uses SYP at the parallel rate. Always verify gram weight and karat on a calibrated scale. Gold is often used as collateral or barter, so quality documentation matters even more than in stable markets.
Gold as an Investment in Syria
For Syrians, gold is not an investment choice — it is a financial necessity. Physical gold allows families to preserve wealth across territorial changes, currency collapses, and displacement. Syrian gold has also been critical for refugees financing their journeys and resettlement in other countries. Small coins and jewelry serve as highly liquid assets in this environment.
Gold & Silver Price FAQ — Syria
- What is the gold price per gram in Syria today?
- The current gold price per gram in Syria is shown in the gold table above in SYP, sourced from international XAU/USD spot rates converted to local currency.
- Which gold karat is most popular in Syria?
- Gold karats vary in popularity across Syria. The price is shown in the table above in SYP per gram.
- How are gold karats calculated?
- Pure gold is 24K. Price per gram of each karat = 24K price × (karat ÷ 24). So 18K gold = 75% pure gold.
- What is the silver price per gram in Syria today?
- The current silver Fine 999 price per gram in Syria is shown in the silver section above in SYP, updated daily from live XAG/USD spot rates.
- What is the difference between Fine 999 and Sterling 925 silver?
- Fine 999 silver is 99.9% pure and is the standard for investment bars and bullion. Sterling 925 is 92.5% silver alloyed with copper, widely used for jewelry and silverware.
- Does the gold price in Syria include taxes?
- Syria does not levy import duty or VAT on gold. The displayed price reflects spot × SYP exchange rate × dealer margin only.
- Why does gold have such a high dealer margin in Syria?
- Syria's approximately 6% dealer margin — the highest among Arab countries tracked — reflects currency collapse, informal import logistics, political risk, and reduced market competition. These factors significantly increase the cost of doing business.
- How do Syrians use gold during the currency crisis?
- Syrians use physical gold extensively as a savings vehicle, store of value, and medium of exchange. It preserves purchasing power across SYP devaluations and is easily transportable for displaced families. Small gold coins are particularly valued for their liquidity.
- Is Damascus gold jewelry still produced during the conflict?
- Yes. Damascus goldsmiths have continued producing jewelry despite the war, maintaining the city's centuries-old craft tradition. Syrian goldsmithing skills are also preserved by the large artisan diaspora now working in Turkey, Lebanon, and the Gulf.