Gold prices surge in Jordan on July 7
Gold prices in Jordan saw a significant increase on Saturday, July 7, as reported by the General Syndicate of Owners of Trade and Jewelry Shops on July 6, 2024.
The purchase price for citizens of one gram of 21-carat gold has risen to JD 48.5, with a selling price of JD 46.6. Similarly, the purchase price of one gram of 24-carat gold is now at JD 56, with a selling price of JD 53.6. In the case of 18-carat gold, the purchase and selling prices are at JD 43.6 and JD 40.1, respectively.
Factors influencing gold prices
Gold prices can be influenced by a variety of factors, including economic stability, geopolitical tensions, inflation, and demand for the precious metal as a safe haven asset.
Impact on consumers and businesses
The rise in gold prices in Jordan may have implications for both consumers and businesses. Consumers looking to purchase gold jewelry or investment products may find themselves paying higher prices, while businesses in the jewelry industry may see fluctuations in demand and profitability.
Gold prices surge in Jordan on July 7
Gold prices in Jordan saw a significant increase on Saturday, July 7, as reported by the General Syndicate of Owners of Trade and Jewelry Shops on July 6, 2024.
The purchase price for citizens of one gram of 21-carat gold has risen to JD 48.5, with a selling price of JD 46.6. Similarly, the purchase price of one gram of 24-carat gold is now at JD 56, with a selling price of JD 53.6. In the case of 18-carat gold, the purchase and selling prices are at JD 43.6 and JD 40.1, respectively.
Factors influencing gold prices
Gold prices can be influenced by a variety of factors, including economic stability, geopolitical tensions, inflation, and demand for the precious metal as a safe haven asset.
Impact on consumers and businesses
The rise in gold prices in Jordan may have implications for both consumers and businesses. Consumers looking to purchase gold jewelry or investment products may find themselves paying higher prices, while businesses in the jewelry industry may see fluctuations in demand and profitability.
