Local gold prices experienced a significant surge on Wednesday, marking a notable increase in prices across various carat categories. This surge has implications for investors and jewelry buyers alike.
Price Increase Details
According to the General Syndicate of Owners of Trade and Jewelry Shops, gold prices climbed by up to 40 piasters per gram. Specifically, the selling price per gram of 21-carat gold at jewelry stores rose to JD47.2, while the buying price reached JD45.2. For 24-carat gold, the selling price per gram escalated to JD54.7, with the buying price surging to JD52.3. Furthermore, prices for 18-carat gold also saw an uptick, with the selling price rising to JD42.2 per gram and the buying price reaching JD38.7 per gram.
Impact on Coin Prices
In addition to the increase in gold prices, the selling price of the Rashadi gold coin was reported at approximately JD336, indicating a rise in the value of gold coins. Similarly, the English gold coin commanded a selling price of about JD382, reflecting the overall bullish trend in the gold market.
