Price of 21-karat gold hits JD39.8 per gramme in local market

Business

Prices of 21-karat gold, the highest demand at local market, stood at JD39.90 per gramme, as purchasing price, against JD38.20 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 JD46.90 and JD35.50 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. The demand for gold in the local market is expected to improve as of this week, increasing from average to good, Allan added. He noted that gold prices in global markets on Friday reached $1,959 per ounce.

Source: Jordan News Agency