Prices of 21-karat gold, the highest demand at local market, stood at JD39.30 per gramme, as purchasing price, against JD37.60 as selling price, an official said Saturday. Jordan Jewelers Association’s Secretary General, Ribhy Allan, told Jordan News Agency (Petra) that the price of 24-karat and 18-karat gold amounted to JD46.30 and JD34.90 respectively. The price of a Rashadi lira, weighing seven grammes, stood at JD277, while an English lira, which weighs eight grammes reached JD315, Allan said. In the past two weeks, the local market saw an increase in the gold supply due to the rise in prices in order to collect profits, Allan added. He explained that the demand for gold in the local market has slightly improved before the holy Eid Al-Adha holiday, and is expected to increase during the coming days with the start of traditional social events in the summer season, and the return of expatriates. He added that gold prices in global markets on Friday reached $1,920 per ounce.
Source: Jordan News Agency