Lebanon · LBP · December 2024
Gold Price in Lebanon — December 2024
In December 2024, the gold price in Lebanon closed at approximately ل.ل235,172,438 per troy ounce, equivalent to ل.ل88,191,082 per tola or ل.ل7,560,964 per gram. This represents a -0.86% change on the month (ل.ل237,207,220 open → ل.ل235,172,438 close).
Open
ل.ل237,207,220
per troy ounce
Close
ل.ل235,172,438
per troy ounce
High
ل.ل244,003,403
per troy ounce
Low
ل.ل234,627,383
per troy ounce
All unit prices at December 2024 close — Lebanon
| Unit | Weight | Closing LBP price |
|---|---|---|
| Troy ounce | 31.1035 g | ل.ل235,172,438 |
| Gram | 1.0000 g | ل.ل7,560,964 |
| 10 grams | 10 g | ل.ل75,609,638 |
| Kilogram | 1,000 g | ل.ل7,560,963,798 |
| Tola | 11.664 g | ل.ل88,191,082 |
Karat-purity breakdown at December 2024 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KLEBANON STD | ل.ل7,553,403 | ل.ل88,102,891 |
| 22K | ل.ل6,925,843 | ل.ل80,783,031 |
| 21K | ل.ل6,615,843 | ل.ل77,167,197 |
| 18K | ل.ل5,670,723 | ل.ل66,143,311 |
| 14K | ل.ل4,423,164 | ل.ل51,591,783 |
| 10K | ل.ل3,152,922 | ل.ل36,775,681 |
Daily gold price in LBP — December 2024
December 2024 gold market: Consolidation caps a historic year
Range-boundA year-end pause after a 25%+ annual gain.
Gold consolidated near $2,620 into year-end as the Fed delivered another cut but guided to a slower 2025 pace. Even after the late-year pause, gold finished 2024 up roughly 25–27% — one of its best annual gains of the century.
What drove gold in December 2024
- Fed cuts but turns more cautious for 2025
- firm dollar
- year-end profit-taking
- record annual central-bank demand
Key events in December 2024
- Dec 18Fed cuts but signals fewer 2025 cuts; gold steadies
What happened next
Gold entered 2025 near record highs, with central-bank demand still the dominant structural driver.
For gold buyers in Lebanon
Closing 2024 up around 25%+ confirmed gold's best year in over a decade — a payoff for buyers who trusted the central-bank and rate-cut story.
The 2024 gold market: Above $2,500 — breakout to new highs
2024 saw gold break decisively above $2,000 and reach $2,790 by year-end. Central-bank buying continued at record pace. Geopolitical tensions (Middle East, Ukraine) and Fed rate cuts beginning in September drove the rally. Year close: $2,624.
Key drivers in 2024
Fed cuts begin, central-bank buying records, BRICS expansion, Middle East tensions, USD weakness
2024 XAU/USD high
$2,790 (Oct)
2024 XAU/USD low
$1,991 (Feb)
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 — December 2024, Lebanon
ل.ل237,207,220
$2,650.36/oz
ل.ل237,345,498
$2,651.91/oz
ل.ل237,682,018
$2,655.67/oz
ل.ل237,822,533
$2,657.24/oz
ل.ل237,679,333
$2,655.64/oz
ل.ل236,792,835
$2,645.73/oz
ل.ل239,544,960
$2,676.48/oz
ل.ل239,544,960
$2,676.48/oz
ل.ل241,509,485
$2,698.43/oz
ل.ل243,553,665
$2,721.27/oz
ل.ل244,003,403
$2,726.30/oz
ل.ل241,011,417
$2,692.87/oz
ل.ل238,470,513
$2,664.48/oz
ل.ل238,470,513
$2,664.48/oz
ل.ل237,957,230
$2,658.74/oz
ل.ل237,334,758
$2,651.79/oz
ل.ل235,066,380
$2,626.44/oz
ل.ل235,556,840
$2,631.92/oz
ل.ل235,688,405
$2,633.39/oz
ل.ل235,688,405
$2,633.39/oz
ل.ل234,627,383
$2,621.54/oz
ل.ل236,206,163
$2,639.18/oz
ل.ل236,206,163
$2,639.18/oz
ل.ل236,127,850
$2,638.30/oz
ل.ل235,214,502
$2,628.10/oz
ل.ل235,214,502
$2,628.10/oz
ل.ل235,172,438
$2,627.63/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 2024 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 December 2024 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 December 2024
What was the gold price in Lebanon in December 2024?
In December 2024, gold in Lebanon opened at ل.ل237,207,220/oz and closed at ل.ل235,172,438/oz — a move of -0.86% on the month. Per tola: ≈ل.ل88,191,082; per gram: ≈ل.ل7,560,964; per 10g: ≈ل.ل75,609,638.
What was the 24K gold rate per tola in Lebanon in December 2024?
The 24K gold rate per tola in Lebanon at the December 2024 close was approximately ل.ل88,191,082, derived from international XAU/USD spot of $2,627.63/oz times the 2024-end LBP/USD exchange rate of 89,500. 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 December 2024?
Lebanon's most-quoted retail standard is 24K per gram. At the December 2024 close, that worked out to approximately ل.ل7,553,403 (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 December 2024 (sourced from gold-api.com), multiplied by the 2024-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 2024-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 2024 archive or the USD-only December 2024 page with the country-by-country list at the bottom.
Other markets? Compare December 2024 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 2024-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.