Gold prices stabilize in Jordan, global market sees increase
Gold prices stabilize in Jordan, global market sees increase
Gold prices in the local market maintained stability for the second day in a row on Monday, according to the latest figures from the General Syndicate of Owners of Trade and Jewelry Shops.
Today, the selling price of a gram of 21-carat gold remained at JD48.4, while the buying price held steady at JD46.5.
Similarly, the price for a gram of 24-carat gold stayed at JD55.9 for selling and JD53.6 for buying. The prices for a gram of 18-carat gold were also unchanged at JD43.2 for selling and JD39.7 for buying.
Additionally, the Rashadi coin is priced at around JD344, and the English coin is selling for approximately JD393.
On the global front, gold prices saw an uptick on Monday.
The rise is attributed to expectations of a potential US interest rate cut in September and growing geopolitical tensions in the Middle East.
Attention is now focusing on the upcoming Federal Reserve meeting later this week, which is expected to influence monetary policy.
Spot gold prices increased by 0.5 percent to USD 2,397.65 per ounce by 00:25 GMT, while US Gold Futures were up by 0.7 percent, reaching USD 2,396.70.
