The price of 21-karat gold in the local market was recorded at JD 47.2 per gram, according to the daily price bulletin from the Jewelers Syndicate.
Stable Gold Prices
On Tuesday, the prices of gold remained stable, with the selling price of 21-karat gold at JD 47.2 per gram and the buying price at JD 45.2 per gram.
Furthermore, the selling price of 24-karat gold stood at JD 54.7 per gram, with the buying price at JD 52.3 per gram. The price of 18-karat gold also remained consistent, with the selling price at JD 42.2 and the buying price at JD 38.7 per gram.
Insight
The stability in gold prices could be attributed to various factors such as global demand, economic indicators, and geopolitical events. Investors often turn to gold as a safe-haven asset during times of uncertainties, which can influence the prices in the market.
Additionally, fluctuations in currencies, inflation rates, and central bank policies can also impact the price of gold. It is essential for investors and buyers to stay informed about these factors to make informed decisions regarding gold investments or purchases.
