Khaberni - Gold prices in the local market continued their ascent on Wednesday morning, achieving new record numbers, as the selling price for 21-carat gold, the most demanded by citizens, reached 82.2 Jordanian dinars for selling purposes at jewelry shops, compared to 78.9 dinars for buying.
According to the daily bulletin issued by the General Union of Owners of Jewelry Trade and Craft Shops, the price for a single gram of gold for 24, 18, and 14 carats rose to 94.2 dinars, 72.9 dinars, and 55 dinars respectively, for selling purposes at jewelry shops.
A member of the General Union of Owners of Jewelry Trade and Craft Shops, Akram Abu Shihab, said on Wednesday that the demand for gold locally is limited to individuals interested in saving by purchasing gold.
Abu Shihab described the demand for gold as "below average," but he explained that it is better compared to the past days.
He added that international reports have predicted a new wave of rising gold prices on a global level, which will in turn reflect on the prices in the local market.
Globally, the price of a gold ounce exceeded four thousand dollars on Wednesday morning for the first time in the history of the precious metal after investors turned to this safe haven amid concerns about various issues, including the US government shutdown and the political crisis in France.
The price of gold exceeded the two thousand dollar mark once in August 2020, at the height of the Corona pandemic.
After that, the metal fluctuated around this price until the year 2024 when its price suddenly rose, crossing the $2500 threshold in August 2024, then the $3000 threshold in March of the following year, before reaching $3500 in September.
Stephen Innes, an analyst at "SBI," said, "The numbers speak for themselves: Gold has already risen by more than 40% in 2025, and is heading towards a third consecutive year of double-digit gains."
