Price of gold soars in Jordan

Jordan

Published: 2020-07-25 15:39

Last Updated: 2020-07-25 16:49


Price of gold soars in Jordan
Price of gold soars in Jordan

The price of gold in Jordan rose to unprecedented levels on Saturday.

The sale price of one gram of 21-carat gold, the most popular choice of carat in Jordan, is now JD 38.50, compared to JD 35 one week ago.

Additionally, the price of one gram of 24-carat gold is JD 45.20 and a gram of 18-carat gold stands at JD 34.10.

The price of both the eight-gram gold British sovereign and the seven-gram Rashadi Lira is JD 302.

According to the General Association for Owners of Jewellery Shops, the demand for gold is still very low in comparison to previous years as a result of the rise in prices as well as the effect COVID-19 has had on weddings.

There are 850 gold merchants and goldsmiths throughout the Kingdom, who together have a minimum of JD 5 billion worth of gold.