Gold Prices Rebound After Sharp Drop on Thursday

Gold prices in the Jordanian market rebounded on Saturday after the sharp decline recorded on Thursday, as citizens and investors closely monitored daily price movements in jewelry shops and financial markets.

The selling price of a gram of 21-karat gold reached 102 JOD, with the buying price at 97.4 JOD, according to the General Union of Jewelry and Goldsmith Shop Owners.

Other gold karats for sale were priced at 117.3 JOD per gram for 24K, 91.10 JOD for 18K, and 71.20 JOD for 14K, according to the second Saturday price list.

On Thursday, gold prices experienced a sharp decline compared to Wednesday, prompting some to take advantage of the lower prices to buy gold bars and jewelry as a safe investment amid market fluctuations.

Local economic experts continue to monitor the yellow metal’s prices, noting that daily gold fluctuations are influenced by global market changes and the dollar exchange rate, in addition to domestic demand from citizens who use gold to preserve the value of their money.