Gold prices in Jordan continue to capture public attention as local markets witnessed an increase described by many as "record-breaking." On Sunday, the selling price of a gram of 21-carat gold reached 85.10 dinars, while the buying price was 82.10 dinars, according to the General Syndicate of Jewelry and Gold Trade Owners.

Other carat prices were reported at 98.10 dinars per gram for 24-carat, 75.90 dinars for 18-carat, and 57.70 dinars for 14-carat gold. Rabhi Allan, head of the syndicate, explained that the global market closed at $4,225 per ounce, reflecting a local increase of 2.10 dinars per gram.

Some citizens expect gold prices to continue rising, with 21-carat gold potentially reaching 90 dinars per gram, although no official confirmation has been made regarding this projection.

Geopolitical Impact

Allan noted that the increase is linked to the financial policies of the U.S. Federal Reserve, particularly interest rate cuts, along with other geopolitical influences affecting global markets.

As for gold coins, the Rshadi coin weighing 7 grams was priced at 590 dinars, while the English coin weighing 8 grams reached 675 dinars. Despite the rise, Allan confirmed that local demand remains weak, as this time of year usually sees limited gold sales, reflecting cautious behavior among consumers.