Roya News | Gold prices stabilize in Jordan, global market sees increase

According to the latest data from the General Union of Owners of Trading and Jewellery Shops, gold prices on the local market remained stable for the second consecutive day on Monday.

Today the selling price of one gram of 21-karat gold remained at 48.4 JD, while the buying price remained stable at 46.5 JD.

Similarly, the price for one gram of 24-karat gold remained at JD55.9 for selling and JD53.6 for buying. The prices for one gram of 18-karat gold remained unchanged at JD43.2 for selling and JD39.7 for buying.

Furthermore, the Rashadi coin is priced at around 344 JD, while the English coin is sold at around 393 JD.

On the global front, gold prices rallied on Monday.

The increase is attributed to expectations of a potential US interest rate cut in September and rising geopolitical tensions in the Middle East.

Attention is now focused on the next Federal Reserve meeting scheduled for later this week, which is expected to influence monetary policy.

Spot gold prices rose 0.5% to $2,397.65 an ounce by 0025 GMT, while U.S. gold futures rose 0.7% to $2,396.70.