Gold prices in the local market stabilized on Thursday, with the General Syndicate of Owners of Trade and Jewelry Shops reporting that the selling price per gram of 21-carat gold from jewelry stores was JD47.5, while the buying price stood at JD45.5.
Additionally, the selling price per gram of 24-carat gold was JD55, with a buying price of JD52.6. The prices for 18-carat gold also remained steady, with the selling price per gram at JD42.5 and the buying price at JD39.
Insight:
Gold prices can fluctuate based on a variety of factors such as market demand, geopolitical events, and economic indicators. Investors often turn to gold as a safe haven asset during times of uncertainty, which can drive up prices. It is important for buyers and sellers to stay informed about these factors to make informed decisions in the gold market.
