The Libyan market is witnessing a state of severe instability, as the price of the US dollar on the parallel market rose to 9.18 dinars, while the global price of a gold ounce surpassed the $4900 level for the first time in history. This has directly impacted local prices, which hit new record highs today, Thursday, January 22, 2026.
🔹 Scrap Gold Prices
- 18-karat scrap gold: 1050 LYD
- 21-karat scrap gold: 1225 LYD
- 22-karat scrap gold: 1283 LYD
- 24-karat scrap gold: 1397 LYD
- 18-karat cast gold: 1066 LYD
- 24-karat cast gold: 1413 LYD
🔹 New Gold
- 18-karat: from 1250 LYD and above
- 21-karat: from 1400 LYD and above
🔹 Used Gold
🔹 Gold Bullion (Cast)
- 5 grams: 7880 LYD
- 10 grams: 15535 LYD
🔹 Selling Prices
- 18-karat gold necklace (8 grams weight): 8216 LYD
- 21-karat gold lira (8 grams weight): 9585 LYD
- 24-karat gold lira (14 grams weight): 18885 LYD
- Dowry ounce (30 grams, 18-karat): 30810 LYD
🔹 Gold Lira – 21-karat
🔹 Silver Prices
- Local cast silver: 27.60 LYD
- Rare Turkish silver bullion (999.9): 29.50 LYD
🔹 Market Movement Indicators
- Simultaneous Record Highs: The rise of the dollar to 9.18 dinars alongside gold surpassing $4900 globally reflects an unprecedented wave of inflation.
- Volatility and Instability: The significant gap between local buying and selling prices indicates a state of market confusion and difficulty in achieving balance.
- Safe Haven: The increasing demand for gold and silver (bullion and coins) highlights a trend among citizens towards hedging and protecting value.
Libyan market
The Libyan market, often referring to traditional souks found in cities like Tripoli and Benghazi, is a historic center of commerce and social life that dates back centuries, shaped by the country’s position along Mediterranean and trans-Saharan trade routes. These vibrant, open-air markets traditionally feature a maze of stalls selling everything from spices and textiles to handicrafts, reflecting a blend of Arab, Berber, and Mediterranean influences. While their operation has been periodically disrupted by modern conflicts, they remain enduring symbols of Libya’s mercantile heritage and cultural identity.
US dollar
The US dollar is the official currency of the United States, established by the Coinage Act of 1792. It evolved from a system based on Spanish milled dollars and has become the world’s primary reserve currency since the Bretton Woods Agreement in 1944.
gold ounce
“Gold ounce” is not a specific place or cultural site, but a unit of measurement for gold. Historically, the troy ounce, which is approximately 31.1 grams, has been the standard unit for precious metals since the Middle Ages, originating from the French town of Troyes.
Turkish silver bullion
Turkish silver bullion refers to investment-grade silver bars and coins produced in Turkey, often minted by the Istanbul Gold Refinery. These bullion products have gained prominence as part of Turkey’s long-standing cultural and economic tradition of precious metal craftsmanship and trade, which dates back to the Ottoman era. They are valued both as a financial asset and for their fine artistry.
