Record Gold Price Surges in Jordan Expectations of Continued Rise in Gold Prices

Gold prices in Jordan have surged to record levels, surpassing the 100 Dinar mark per gram for the 21-carat gold, the most demanded in the local market, causing a wave of shock among Jordanians and gold enthusiasts.

According to the Saturday morning price list, the selling price of 21-carat gold in jewelry stores reached 101 Dinars, compared to 96.60 Dinars for buying, while 24, 18, and 14-carat gold recorded levels of 115.30, 89.70, and 70.10 Dinars, respectively.

Gold prices rose after the precious metal closed on Friday at 4983 USD per ounce, approaching the 5,000 USD mark, attributed to global political and economic factors, such as international tensions and the US president’s threats to Greenland, in addition to the impact of the European Union and Iran on global markets.

Gold prices are expected to continue rising, with the possibility of the ounce exceeding 5,000 USD, confirming ongoing demand for the yellow metal from both citizens and investors, as well as continued gold selling by savers to secure profits.

As for gold coins, the English pound reached 807 Dinars in the local market, while the Rashadi pound recorded 705 Dinars, with expectations of further market movement due to strong demand and global fluctuations.

Social media users described the rise in gold prices as "fire," while others said it was a "shocking" and "unexpected" increase, predicting that the price of gold per gram could reach 200 Dinars, according to comments from Jordanians.