Prices of 21-karat gold, the highest demand at local market, stood at JD39.80 per gramme, as purchasing price, against JD38.20 as selling price, an official said Monday. 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 JD35.60 respectively. The price of a Rashadi lira, weighing seven grammes, stood at JD280, while an English lira, which weighs eight grammes reached JD320, 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 many citizens buy quantities of gold for the saving and investing purposes. He added that gold prices in global markets on Monday reached $1,953 per ounce.
Source: Jordan News Agency