Lebanon · LBP · November 2022
Gold Price in Lebanon — November 2022
In November 2022, the gold price in Lebanon closed at approximately ل.ل2,643,401 per troy ounce, equivalent to ل.ل991,291 per tola or ل.ل84,987 per gram. This represents a +1.65% change on the month (ل.ل2,600,543 open → ل.ل2,643,401 close).
Open
ل.ل2,600,543
per troy ounce
Close
ل.ل2,643,401
per troy ounce
High
ل.ل2,675,948
per troy ounce
Low
ل.ل2,455,416
per troy ounce
All unit prices at November 2022 close — Lebanon
| Unit | Weight | Closing LBP price |
|---|---|---|
| Troy ounce | 31.1035 g | ل.ل2,643,401 |
| Gram | 1.0000 g | ل.ل84,987 |
| 10 grams | 10 g | ل.ل849,873 |
| Kilogram | 1,000 g | ل.ل84,987,260 |
| Tola | 11.664 g | ل.ل991,291 |
Karat-purity breakdown at November 2022 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KLEBANON STD | ل.ل84,902 | ل.ل990,300 |
| 22K | ل.ل77,848 | ل.ل908,023 |
| 21K | ل.ل74,364 | ل.ل867,380 |
| 18K | ل.ل63,740 | ل.ل743,469 |
| 14K | ل.ل49,718 | ل.ل579,905 |
| 10K | ل.ل35,440 | ل.ل413,369 |
Daily gold price in LBP — November 2022
November 2022 gold market: Soft inflation print sparks a sharp rebound
BullishA violent rebound on the first sign of cooling inflation.
Gold rallied strongly in November, climbing back toward $1,800 after a softer-than-expected US inflation report on November 10 sent the dollar tumbling and revived hopes that the Fed would slow its hikes. It was gold's best month of the year.
What drove gold in November 2022
- softer US CPI (Nov 10)
- dollar pullback
- Fed slowdown hopes
- renewed central-bank gold buying
Key events in November 2022
- Nov 10Cooler US inflation print; dollar drops, gold jumps
What happened next
The rebound carried gold into a quietly strong 2023, fuelled by record central-bank buying.
For gold buyers in Lebanon
November's reversal showed how violently gold can snap back once the market smells a Fed pause — rewarding buyers of the September–October lows.
The 2022 gold market: Russia sanctions and a paradigm shift
Russia invaded Ukraine on February 24, 2022. G7/EU froze $300 billion of Russian central-bank reserves — the most consequential monetary event since 1971. Central-bank gold buying hit a record 1,082 tonnes (highest ever). Year close: $1,824 despite Fed's aggressive tightening.
Key drivers in 2022
Russia sanctions, central-bank reserve freezing, Fed hikes to 4.5%, gold's structural role redefined
2022 XAU/USD high
$2,070 (Mar)
2022 XAU/USD low
$1,621 (Sep)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Lebanon gold market
Lebanon retail gold prices are quoted in the local currency per gram for 24K and 22K purities, and per troy ounce for investment-grade bullion. Local rates usually sit above the international XAU/USD spot price after import duties, sales taxes, and jewellery making charges are applied. Use this archive as the international reference price; final retail rates depend on your dealer and the date's exchange rate.
Standard quote unit
gram
Common purity
24K
Currency
LBP (ل.ل)
Daily gold price — November 2022, Lebanon
ل.ل2,600,543
$1,725.07/oz
ل.ل2,486,772
$1,649.60/oz
ل.ل2,455,416
$1,628.80/oz
ل.ل2,524,158
$1,674.40/oz
ل.ل2,535,532
$1,681.95/oz
ل.ل2,531,093
$1,679.00/oz
ل.ل2,530,640
$1,678.70/oz
ل.ل2,585,815
$1,715.30/oz
ل.ل2,630,286
$1,744.80/oz
ل.ل2,652,296
$1,759.40/oz
ل.ل2,675,948
$1,775.09/oz
ل.ل2,666,617
$1,768.90/oz
ل.ل2,670,386
$1,771.40/oz
ل.ل2,672,798
$1,773.00/oz
ل.ل2,651,090
$1,758.60/oz
ل.ل2,640,537
$1,751.60/oz
ل.ل2,642,745
$1,753.07/oz
ل.ل2,623,653
$1,740.40/oz
ل.ل2,627,573
$1,743.00/oz
ل.ل2,623,352
$1,740.20/oz
ل.ل2,646,266
$1,755.40/oz
ل.ل2,640,989
$1,751.90/oz
ل.ل2,658,891
$1,763.78/oz
ل.ل2,633,000
$1,746.60/oz
ل.ل2,642,195
$1,752.70/oz
ل.ل2,643,401
$1,753.50/oz
How Lebanon gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The LBP/USD exchange rate comes from exchangerate-api.com's 2022 year-end snapshot.
Conversion. Every LBP figure on this page is computed as XAU/USD price × LBP/USD rate. We use the year-end exchange rate consistently across all November 2022 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Lebanon, add the country-specific levies described in the “Lebanongold market” section above.
FAQ — Lebanon gold price in November 2022
What was the gold price in Lebanon in November 2022?
In November 2022, gold in Lebanon opened at ل.ل2,600,543/oz and closed at ل.ل2,643,401/oz — a move of +1.65% on the month. Per tola: ≈ل.ل991,291; per gram: ≈ل.ل84,987; per 10g: ≈ل.ل849,873.
What was the 24K gold rate per tola in Lebanon in November 2022?
The 24K gold rate per tola in Lebanon at the November 2022 close was approximately ل.ل991,291, derived from international XAU/USD spot of $1,753.50/oz times the 2022-end LBP/USD exchange rate of 1,507.5. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Lebanon in November 2022?
Lebanon's most-quoted retail standard is 24K per gram. At the November 2022 close, that worked out to approximately ل.ل84,902 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
LBP prices on this page are computed from the verified international XAU/USD spot price for November 2022 (sourced from gold-api.com), multiplied by the 2022-end LBP/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The ل.ل figures here represent the international gold spot price converted to LBP at the 2022-end exchange rate. Lebanon's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Lebanon? See live gold prices in Lebanon with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2022 archive or the USD-only November 2022 page with the country-by-country list at the bottom.
Other markets? Compare November 2022 prices across other major gold-trading countries: Jordan, Egypt, Saudi Arabia, United Arab Emirates, Iraq, Turkey.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to LBP at the 2022-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Lebanon before transacting.