The price of 21-karat gold has increased by 50 piasters to JD 47.6 per gram in the local market, according to the latest pricing issued by the Jewelers Association. This rise reflects the current trend in the global gold market, where prices have been fluctuating due to various economic factors.
Impact on Jewelry Shops
Following the increase, the selling price of 21-karat gold from jewelry shops has risen to JD 47.6 per gram, while the buying price has reached JD 45.6. This change in prices may impact consumers looking to purchase gold jewelry or invest in gold as a commodity.
Variations in Prices
Moreover, the price of higher karat gold has also seen an uptick, with 24-karat gold now selling at JD 55.1 and buying at JD 52.7. Similarly, 18-karat gold has seen an increase to JD 42.7 for selling and JD 37.1 for buying. These variations in prices highlight the dynamic nature of the gold market.
Market Comparison
It is interesting to note that the Rashadi lira is being sold for about JD 339 in the local market, while the English lira commands a higher price of about JD 386. This disparity in prices between different types of gold highlights the importance of keeping track of market trends and fluctuations for both buyers and sellers.
