AMMAN — President of the
Jordan Jewelers Syndicate, Rebhi
Allan reported a 50 percent decrease in
Jordanians' purchases of gold jewelry in 2023 compared to 2022, Khaberni reported.
اضافة اعلان
Allan explained that the quantities of gold jewelry
purchased by citizens decreased to 4.4 tonnes in 2023, down from 8.8 tonnes in
2022.
Additionally, Allan mentioned that gold prices increased in
2023 compared to 2022, with the
highest price for an ounce reaching $2,140
globally compared to $2,075, while the lowest price was $1,810 in 2023 compared
to $1,610 in 2022.
He stated, "
Jordanian factories worked on 'stamping'
the quantity for local consumption, unlike those exported abroad,"
pointing out that Jordanian gold jewelry is witnessing significant global
demand from
Arabs and Jordanian expatriates, especially in the US.
Allan speculated that demand for gold will remain active
during 2024, mentioning, "Gold trading closed last Friday at $2,040 per
ounce."
Furthermore, he added, "
Demand and supply levels in the
local market are still weak due to price increases and the ongoing aggression
against
Gaza and various occupied Palestinian territories, in addition to
weather conditions and low temperatures contributing to a decline in gold
demand since the beginning of the current year."
In terms of price levels, the selling price of a gram of
21-carat gold was approximately JD41.6 while for
24-carat gold, it was about
JD48.8. Additionally, the selling price of a gram of 18-carat gold stood at
around JD37.1. Furthermore, the selling price of an English pound weighing
eight grams amounted to about JD335.
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