Price of 21-karat gold hits JD41 per gramme in local market

General

Prices of 21-karat gold, the highest demand at local market, stood at JD41 per gramme, as purchasing price, against JD39.30 as selling price, an official said Saturday. Jordan Jewelers Association’s Secretary General, Ribhy Allan, told Jordan News Agency (Petra) that the price of 24-karat and 18-karat gold amounted to JD48 and JD36.60 respectively. The price of a Rashadi lira, weighing seven grammes, stood at JD289, while an English lira, which weighs eight grammes reached JD330, Allan said. He added that last week the gold experienced many events in the global market, especially following the US Federal Reserve’s decision on Wednesday to raise the interest rate by 25 basis points, with which it recorded a new historical price of $2080 per ounce, before experiencing fluctuation at the end of its weekly trading with the rise of the dollar. He added that gold prices in global markets on Friday reached $2,016 per ounce.

Source: Jordan News Agency