🇱🇧Gold in Lebanon: USD prices & the parallel market
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Why Lebanese gold is quoted in dollars
Since the 2019 banking crisis and the collapse of the Lebanese pound, the gold market in Lebanon has effectively dollarised. Jewellers in Beirut, Tripoli and Saida quote and settle in US dollar banknotes (“fresh dollars”), not in LBP. The live USD prices above are therefore the rates that matter at the counter — the same international spot price you would pay in Dubai or Istanbul, plus the shop's making charge.
Official rate vs parallel rate
An LBP price tag depends entirely on which exchange rate is applied. The official (Sayrafa-successor) rate and the street parallel rate have diverged repeatedly since 2019, at times by an order of magnitude. Because there is no licensed, reliable live feed for the street rate, this site does not publish one — any LBP conversion you see here uses the official rate from our licensed daily FX source, and is best treated as an accounting reference rather than what a money changer will quote.
Gold as the safe haven of the crisis
For many Lebanese households, gold became the practical store of value through the crisis: it is priced in dollars, liquid across the region, and immune to bank withdrawal limits. That is why per-gram USD prices — especially 21k, the most traded jewellery karat in Lebanon — are followed as closely as any exchange rate.
No live parallel-market rate is shown because no licensed source exists for it; we do not estimate or fabricate street FX rates.
See the Lebanon page for LBP prices at the official rate →
| Karat | gram | ounce | kilogram |
|---|---|---|---|
| 24k | — | — | |
| 22k | — | — | |
| 21k | — | — | |
| 18k | — | — |