Gold prices soar in Jordan on Sept.1

Gold prices have gone up in Jordan’s local market, Jordan Jewelers Syndicate (JJS) announced on Monday morning.

The selling price of 21-carat gold, the most commonly traded among Jordanian citizens, rose to JD 70.10 per gram, while the buying price was JD 67.60 since yesterday.

As for the 24, 18, and 14-carat gold categories, the selling and purchasing prices increased as well:

• 24-carat gold:
  • Selling Price: JD 80.10.
  • Purchasing Price: JD 77. 50 per gram.
• 18-carat gold:
  • Selling Price: JD 62.50.
  • Purchasing Price: JD 58.00 per gram.
• 14-carat gold:
  • Selling Price: JD 47.30.
  • Purchasing Price: JD 42.70 per gram.

The selling price of the Rashadi lira (weighing 7 grams of 21-carat gold) was JD 490.70, while its buying price from citizens was JD 473.20.

Likewise, the English lira (weighing 7 grams of the same carat) witnessed an increase to JD 560.80 for its selling price, and is purchased for JD 540.80.

While the JJS officially announced all the aforementioned prices, prices may still vary between private gold dealers, as goldsmiths' production costs differ.