Noticeable rise by 1.40 Jordanian dinars 21-karat gold reaches 96.20 dinars on Thursday

Gold prices in the local market witnessed a noticeable increase on Thursday by 1.40 dinars per gram, according to the daily pricing issued by the General Syndicate of Owners of Goldsmiths and Jewelry Shops, marking a renewed upward trend for the yellow metal after a period of relative decline.

According to the pricing, the selling price of 21-karat gold, the most in demand in the local market, reached 96.20 dinars for sales from jewelry shops, compared to 91.70 dinars for buying. Meanwhile, the price of 24-karat gold reached 110.30 dinars, and 18-karat gold reached 85.30 dinars for selling purposes.

This increase comes at a time when global gold markets are experiencing volatility, amid ongoing economic instability and political tensions in the region, which continue to cast their shadow over local markets, including the Jordanian market, where demand for gold typically rises as it is considered a safe haven during times of uncertainty.

Increase in engagement and wedding celebrations

Locally, this price movement coincides with the summer season, which is considered a peak period for gold demand in Jordan, as engagement and wedding ceremonies increase, usually reflecting higher activity in jewelry markets for purchases and preparations for social occasions.

Observers believe that continued regional tensions, along with global market fluctuations, may keep gold prices on an upward or volatile path in the coming period, as consumers closely monitor any new price changes during the current season.