Gold prices fell in Jordan at the start of trading today, Saturday, August 21, 2021, despite the rise of the precious metal in global markets.
The price of a gram of 24 carat gold was about 40.62 dinars ($ 57.29) compared to 40.82 dinars ($ 57.57) yesterday.
The price of a gram of 21 carat gold (the most traded in the market) also fell to 35.54 dinars ($ 50.13).
Also in Jordan, the price of a gram of 18 carat gold fell to 30.47 dinars ($ 42.01) today.
As for the price of economic gold in Jordan, today the price of 14 grams of gold is about 23.70 dinars ($ 33.42).
The price of a gram of 12 carat gold is about 20.31 dinars ($ 28.46).
Global gold prices
Gold prices soared as growing concerns about the delta strain of the corona virus and its impact on economic recovery hurt the sense of danger.
At the end of the trading week – Friday – the ounce rose 0.3 percent to $ 1785.93, now up 0.4 percent during the week. And the US gold futures are up 0.3 percent at $ 1788.10.
Nicholas Frapel, general manager of ABC Bullion, said gold was supported by pessimism about the medium-term outlook for the economy.
“However, the market is facing some difficulties in light of concerns about stimulus reduction time,” he added.
The dollar, a safe haven competitor that has limited profits on the yellow metal, has lived near its highest level for more than nine months, benefiting from concerns about the corona virus and expectations that the US Federal Reserve will begin to ease the stimulus this year.
