Expectations of Continued Price Surge

Gold prices in the local market witnessed an astronomical rise on Monday, with the selling price of a gram of 21-karat gold—the most sought-after by citizens—reaching 87.80 JOD, compared to 84.20 JOD for buying.

The bulletin issued by the General Association of Jewelry and Gold Trading Shops showed that the selling prices for one gram of 24, 18, and 14-karat gold were 100.30, 77.80, and 59.50 JOD, respectively, reflecting a clear and accelerated rise compared to the previous period.

Astronomical Rise Amid Ongoing Forecasts This astronomical increase comes amid expectations that the upward trend will continue in the coming period, supported by local and global economic factors, and growing demand for the precious metal as a safe haven for investors and consumers alike.

Economic analysts indicate that the rise in gold at this level reflects market uncertainty and underscores continued interest in investing in the precious metal as a means of preserving value amidst financial market fluctuations.