Gold prices have surged by 15% since the beginning of the year, reaching record levels above $3,000 per ounce, according to the head of the Jordanian Jewelers' Association, Rabhi Allan.
اضافة اعلان
Allan explained that gold prices increased from $2,638 per ounce at the end of last year to $3,057 last week, marking a 15% rise before closing at $3,022 on Friday.
He attributed the rise in gold prices to investors turning to gold as a safe haven while moving away from digital currencies and stocks amid global political and economic developments, including U.S. tariffs on goods from countries like China, Canada, and Mexico.
The price of 21-karat gold reached 61.3 dinars per gram for selling and 59.3 dinars for buying. Meanwhile, 24-karat gold was sold at 70.5 dinars per gram and bought at 68.1 dinars. The price of 18-karat gold stood at 54.5 dinars for selling and 50.5 dinars for buying, while 14-karat gold was sold at 41.4 dinars and bought at 36.8 dinars. The English gold coin (8 grams) was priced at approximately 490 dinars, and the Rashadi gold coin (7 grams) at about 430 dinars.
Regarding local demand for gold jewelry, Allan noted a significant decline due to high prices, while demand for gold coins and bars for savings and investment purposes remained modest.
International reports indicate that gold saw strong gains in 2025, reaching 16 record levels, four of which surpassed the $3,000 per ounce mark.
