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Jordan News
2 days ago
- Business
- Jordan News
21-Carat Gold Price Reaches JD 69.6 Locally - Jordan News
The selling price of 21-carat gold, the most sought-after by citizens in the local market, reached JD 69.6 per gram on Saturday, while the buying price stood at JD 67.6. اضافة اعلان The selling prices per gram for other gold carats from jewelry shops were as follows: 24-carat: JD 79.8 18-carat: JD 62 14-carat: JD 46.7 Meanwhile, the price of the 7-gram Rashadi gold lira reached JD 485, and the 8-gram English lira reached JD 555. According to Rabhi Allan, President of the General Syndicate of Owners of Jewelry and Gold Shops, there was moderate demand for gold jewelry in the local market over the past week. Allan told the Jordan News Agency (Petra) that gold closed its weekly trading on the global market on Friday at $3,433 per ounce, an increase of $50 per ounce due to the ongoing military escalation between Iran and Israel.
Jordan News
10-05-2025
- Business
- Jordan News
Gold Prices Rise by 70 Piasters in the Local Market - Jordan News
The price of 21-karat gold, the most in-demand among citizens in Jordan, reached 67.80 dinars per gram for selling at jewelry shops on Saturday, while the buying price stood at 65.80 dinars. اضافة اعلان Prices for other gold purities per gram for buying from jewelers were as follows: 24 karat: 77.80 dinars 18 karat: 60.30 dinars 14 karat: 45.80 dinars According to Rabhi Allan, President of the General Syndicate of Owners of Trade and Jewelry Shops, the price of: Rashadi gold coin (7 grams): 472 dinars English gold coin (8 grams): 540 dinars Allan told Petra News Agency that demand for coins, bars, and ounces for saving and investment is moderate, while demand for gold jewelry remains weak. He added that gold closed Friday's global trading at $3,325 per ounce, highlighting that geopolitical tensions worldwide have made the gold market extremely volatile, with prices fluctuating up to $100 in a single day.
Zawya
28-04-2025
- Business
- Zawya
Gold prices soar in Jordan, reshaping investment trends
AMMAN — Gold prices in Jordan have risen "sharply" since the beginning of the year, mirroring international trends pushing the precious metal to record highs, according to industry stakeholders. According to the General Syndicate of Owners of Trade and Jewellery Shops, the price of 21-karat gold, the most popular among Jordanians, has reached JD68 per gramme for selling and JD66 for buying. Meanwhile, prices for 24-karat, 18-karat, and 14-karat gold have climbed to JD78.1, JD60.6, and JD45.9 per gramme, respectively. President of the Jordanian Jewellers Association Rabhi Allan said that the 7-gramme Rashadi gold coin now stands at JD474, while the 8-gramme English gold coin is priced at JD542. He noted that international gold trading closed last Friday at $3,318 per ounce — the highest level on record. Amid the ongoing economic uncertainty, demand for gold coins remains strong, with many Jordanians viewing them as a safe haven investment and a secure method to preserve wealth. Allan noted that Rashadi and English gold coins, in particular, have grown increasingly popular among buyers looking to shield their savings from market volatility. Despite the surge in gold prices, gold coins remain widely available in the local market, and jewellery shop owners are encouraging consumers to consider investing during this period. However, the soaring prices are placing a heavy burden on young couples preparing for marriage, as gold remains a deeply symbolic part of Jordanian wedding traditions, especially in preparing the Mahr, or bridal dowry. Many couples are now revising their wedding budgets, scaling back gold purchases, or even postponing their wedding plans altogether. 'I have always dreamed of a wedding with all the traditions, but with these gold prices, we are being forced to compromise on everything,' said Leen Bakir, who plans to marry later this year. 'Even a simple gold set feels out of reach now.' Jewellers across the Kingdom are witnessing the strain firsthand. "We see more couples trying to negotiate smaller sets," said Salim Samara, a jeweller in Wehdat, noting that many are opting for simpler rings or lower-carat gold options to reduce costs. Sector experts attribute the price hikes to international gold market volatility combined with local inflationary pressures. Traditionally, the wedding season boosts demand for jewellery, but this year, rising prices are dampening purchasing power and changing long-held customs, according to stakeholders. As wedding season approaches its peak, the impact of climbing gold prices extends beyond economics, reshaping an integral part of Jordan's social and cultural fabric. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
27-04-2025
- Business
- Jordan Times
Gold prices soar in Jordan, reshaping wedding traditions, investment trends
Industry stakeholders say that gold prices in Jordan have risen "sharply" since the beginning of the year, mirroring international trends pushing the precious metal to record highs (JT file) AMMAN — Gold prices in Jordan have risen "sharply" since the beginning of the year, mirroring international trends pushing the precious metal to record highs, according to industry stakeholders. According to the General Syndicate of Owners of Trade and Jewellery Shops, the price of 21-karat gold, the most popular among Jordanians, has reached JD68 per gramme for selling and JD66 for buying. Meanwhile, prices for 24-karat, 18-karat, and 14-karat gold have climbed to JD78.1, JD60.6, and JD45.9 per gramme, respectively. President of the Jordanian Jewellers Association Rabhi Allan said that the 7-gramme Rashadi gold coin now stands at JD474, while the 8-gramme English gold coin is priced at JD542. He noted that international gold trading closed last Friday at $3,318 per ounce — the highest level on record. Amid the ongoing economic uncertainty, demand for gold coins remains strong, with many Jordanians viewing them as a safe haven investment and a secure method to preserve wealth. Allan noted that Rashadi and English gold coins, in particular, have grown increasingly popular among buyers looking to shield their savings from market volatility. Despite the surge in gold prices, gold coins remain widely available in the local market, and jewellery shop owners are encouraging consumers to consider investing during this period. However, the soaring prices are placing a heavy burden on young couples preparing for marriage, as gold remains a deeply symbolic part of Jordanian wedding traditions, especially in preparing the Mahr, or bridal dowry. Many couples are now revising their wedding budgets, scaling back gold purchases, or even postponing their wedding plans altogether. 'I have always dreamed of a wedding with all the traditions, but with these gold prices, we are being forced to compromise on everything,' said Leen Bakir, who plans to marry later this year. 'Even a simple gold set feels out of reach now.' Jewellers across the Kingdom are witnessing the strain firsthand. "We see more couples trying to negotiate smaller sets," said Salim Samara, a jeweller in Wehdat, noting that many are opting for simpler rings or lower-carat gold options to reduce costs. Sector experts attribute the price hikes to international gold market volatility combined with local inflationary pressures. Traditionally, the wedding season boosts demand for jewellery, but this year, rising prices are dampening purchasing power and changing long-held customs, according to stakeholders. As wedding season approaches its peak, the impact of climbing gold prices extends beyond economics, reshaping an integral part of Jordan's social and cultural fabric.
Jordan News
12-04-2025
- Business
- Jordan News
Gold Prices Reach Historic High in the Local Market - Jordan News
Gold Prices Reach Historic High in the Local Market Gold of all types recorded an unprecedented historical high in the local market, driven by a surge in global gold prices amid ongoing economic developments around the world. اضافة اعلان On Saturday, the selling price of 21-karat gold—the most preferred by citizens in the local market—reached 66.1 Jordanian dinars per gram at jewelry stores, while the buying price stood at 64.1 dinars. The selling prices for 24-karat, 18-karat, and 14-karat gold were 75.6 dinars, 59 dinars, and 44.7 dinars per gram, respectively. According to Rabhi Allan, head of the General Syndicate of Owners of Jewelry and Gold Shops, the price of a 7-gram Rashadi gold coin reached 465 dinars, and the 8-gram English gold coin was priced at 530 dinars. Allan told the Jordan News Agency (Petra) that demand for gold in the local market is very strong, especially for gold coins and bars for saving and investment purposes—particularly compared to the same time in previous years. He added that demand for gold jewelry intended for weddings is moderate, while the supply is described as 'almost nonexistent.' He also noted that gold recorded a new all-time high in the global market on Friday, reaching $3,240 per ounce, the highest price ever. Allan attributed this surge to ongoing global economic developments and the trade war triggered by U.S. tariffs on many countries, which have unsettled global markets and led investors to turn to gold as a safe haven. He emphasized that global demand for gold from both governments and individuals is growing significantly, as they seek to hedge against uncertainty. — (Petra News Agency)
