Gold Continues to Dominate Jordan’s Economic Scene 21-Karat Gold at Jewelry Shops: 95.7 JOD

Gold prices in the local market witnessed a remarkable decline on Monday, surprising both traders and investors alike.

The selling price of one gram of 21-karat gold at jewelry shops reached 95.7 JOD, compared to 90.90 JOD for buying, in the first official pricing after the weekend break.

The bulletin issued by the General Association of Jewelry and Ornament Shop Owners indicated that the price per gram of gold for 24-, 18-, and 14-karat grades reached 109.30, 84.90, and 66.20 JOD respectively for selling purposes, reflecting a clear decline compared to previous periods.

Gold continues to dominate Jordan’s economic landscape, with investors and shops closely monitoring price movements, amid expectations of potential fluctuations in the coming days.

This decline comes at a time when the market is full of anticipation, as many consumers hope that the new prices will provide opportunities to purchase gold at better rates, following a wave of price increases in the past period.

While gold continues to lead economic news headlines, the biggest question remains: will prices continue to fall, or will the market experience relative stability soon?