The price of 21-karat gold reached 93.6 Jordanian dinars The decline in gold prices may encourage buying

Gold prices in Jordan witnessed a new decline on Tuesday, according to the second pricing issued by the General Syndicate for Owners of Jewelry and Goldsmith Shops, amid wide attention from citizens and buyers, especially with the continued fluctuations in prices during recent days.

According to the announced pricing, the selling price of one gram of 21-karat gold, the most demanded in the local market, reached 93.60 Jordanian dinars, compared to 89.20 dinars for purchasing purposes, reflecting a noticeable decline compared to previous prices, amid the local market’s connection to global ounce price movements.

Twenty-one karat gold is considered the most commonly traded among Jordanians, especially during social occasions such as weddings and engagements, making any change in its prices a matter of direct concern for a wide segment of citizens, in addition to traders who monitor buying and selling activity on a daily basis.

Specialists in the gold market believe that the current decline may encourage some citizens to buy and benefit from lower prices, especially with the approaching summer occasions season, while others prefer to wait for further declines in the coming days, amid continued fluctuations in global markets.