Local gold prices rise to 75.30 dinars for 21-karat

Gold dominates social media discussions in Jordan.

The rise in gold prices dominated social media discussions in Jordan this Sunday, as the local market recorded its highest levels ever. The selling price of 21-karat gold, the most in-demand among citizens, reached 75.30 Jordanian dinars per gram at jewelry shops, compared to 72.80 dinars per gram for buying, according to the daily bulletin issued by the General Syndicate of Owners of Jewelry and Gold Shops.

The price of 24-karat gold reached approximately 86.20 dinars per gram, while 18-karat gold was priced at 66.60 dinars, and 14-karat gold at 50.80 dinars per gram.

This significant increase shocked many, especially those preparing for marriage, amid the continued upward wave of gold prices that has burdened citizens and forced many to reconsider their financial plans.

Experts pointed out that this surge is due to global gold price fluctuations and the impact of the US dollar on local markets, in addition to the growing demand for gold as a safe haven amid current economic conditions.

Some jewelers confirmed that citizens have started buying limited quantities and postponing large purchases until prices stabilize, warning that the continued rise could further increase financial pressure on families, especially with upcoming wedding seasons and social events.