The Syrian Gold Lira: Types, Weights, and How to Trade It
The gold lira is considered the most popular gold savings tool in Syria, due to its ease of trade and consistent specifications. In this article, we review its types and how to trade it intelligently.
Types of Gold Liras Traded in Syria
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Syrian Gold Lira: Minted locally with a weight of approximately 8 grams, 21-karat.
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Rashadi Lira (Ottoman): The oldest and most widely traded, weighing about 7.2 grams, 22-karat.
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English Lira (King George Sovereign): Weighing about 8 grams, 22-karat, and carries a price premium due to its antiquity.
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Half and Quarter Lira: Smaller options for those saving limited amounts periodically.
Why Do Savers Prefer It?
Its craftsmanship fees are very low compared to jewelry, and its uniform specifications are well-known to all goldsmiths, making it quick to sell with a narrow spread between buying and selling prices.
How to Verify the Authenticity of a Lira?
Check the weight with a digital scale in front of you, compare the engraving with photos of the original issue, and deal only with trusted goldsmiths. Counterfeit liras exist in the market and are often revealed by differences in weight or sound.
When to Buy and When to Sell?
Monitor the trend of the global ounce and the exchange rate together—the price of the gold lira is a result of both. Follow the gold lira price today and compare the price premium between types before any transaction, and read the guide on the best timing to buy gold.
