AMMAN — President of the
Jordan Jewelers Syndicate, Rebhi
Allan, announced a noticeable increase in the demand for gold among Jordanians
since the start of the current week.
اضافة اعلان
This surge in
gold purchases is attributed to the upcoming
Eid Al-Adha holiday and the accompanying vacation, which traditionally
stimulates demand in the local market.
The sector had experienced a period of weak demand prior to
this recent upturn, he said, according to Hala News.
Allan emphasized that the return of Jordanians from abroad
and the upcoming activity of various occasions are likely to further drive the
demand for gold in the coming period.
With these factors in play, the outlook for the
gold market appears promising.
Price stability
Allan also provided insights into the price stability of
gold, stating that he expects prices to remain within the current range. He
ruled out any significant increase or decrease in
gold prices in the near
future, offering reassurance to potential buyers.
On Monday,
gold prices in the local market saw a slight rise
of 20 cents per gram, as reported by Allan.
The selling price for 21-carat gold, which is highly sought
after by Jordanians for their purchases from jewelry stores, reached JD39.40.
Meanwhile, the selling price per gram of 24-carat and 18-carat gold for
purchases from jewelry stores stood at JD46.40 and JD35, respectively.
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