Price of gold stabilises as demand decreases amid COVID-19

Jordan

Published: 2020-07-16 12:47

Last Updated: 2021-03-08 05:41


Price of gold stabilises as demand decreases amid COVID-19
Price of gold stabilises as demand decreases amid COVID-19

Gold prices in Jordan have stabilised, with 21-carat – the most popular gold in the Kingdom – unmoved from a sale price of JD 36.40 per gram and JD 35 purchase price.

However, local gold demand remains weak due to the reduced number of social events amid the coronavirus pandemic, said the Secretary of the General Syndicate of Proprietors of Goldsmith and Jewellery Trade Firms, Ribhi Allan.

The sale price of 24-carat gold remained at JD 34.10 per gram and JD 40.30 purchase price.

The sale price of 18-carat gold per gram is also unmoved at JD 32.40 and a purchase price of JD 29.90.

Some jewellers have profitted from the high gold prices, Allan added.