On Saturday, local gold prices experienced a notable increase. The price per gram for 21-karat gold rose to JOD 91.50. This marks an increase of JOD 1.5 compared to the previous figure.
Current Gold Prices
The price fluctuations are detailed in a bulletin from the General Syndicate of Owners of Jewelry and Goldsmith Shops. Alongside the increase for 21-karat gold, other karat values also reflect current market conditions.
- 21-karat gold: JOD 91.50 per gram (selling), JOD 87.80 (buying)
- 24-karat gold: JOD 104.70 per gram
- 18-karat gold: JOD 81.40 per gram
- 14-karat gold: JOD 63.40 per gram
Market Analysis
The rise in gold prices indicates a robust local demand. The Sindicate’s pricing list suggests that consumers are willing to pay a premium for quality gold products. This trend may impact buying patterns in the local jewelry market.
As gold prices continue to fluctuate, stakeholders are advised to stay informed about market changes. Monitoring these trends can provide valuable insights for both consumers and retailers in the jewelry sector.
