Gold prices fell in Jordan on Monday, August 9, 2021, affected by the global fall of the precious metal.

The price of a gram of 24 carat gold in Jordan reached 39.71 dinars ($ 56) during trading on Monday, compared to 40.42 dinars ($ 56.72) yesterday.

In Jordan, the price of a gram of 21 carat gold (the most traded in the market) fell to 34.74 dinars ($ 49) today, compared to 35.19 dinars ($ 49.63) yesterday.

The price of a gram of 18 carat gold in Jordan, during today’s trade, gained about 29.78 dinars ($ 42) compared to yesterday’s 30.16 dinars ($ 42.54).

In terms of economic gold in Jordan, the price of 14 grams of carat gold was 23.26 dinars ($ 32.67) compared to 23.46 dinars ($ 33.09) yesterday.

The price of 12 grams of carat gold was about 19.85 dinars ($ 28) compared to 20.11 dinars ($ 28.36) yesterday.

Price of gold per ounce and pound

The price of an ounce in Jordan today is 1251 dinars (1764 dollars) compared to 1235 dinars (17342), and the price of a pound of gold in Jordan (21 grams 21 carats) in today’s trade, compared to yesterday’s 281.54 dinars ($ 397.07) $ 272.96 dinars to $ 392.03 .

Gold prices today

Gold fell to its lowest level in more than four months on Monday as strong U.S. jobs data triggered fears of an interest rate hike earlier than expected, raising the possibility of holding the unproductive yellow metal.

And gold was down 1.16% in the spot market at $ 1744.50 an ounce by 0616 GMT.

In early trade in Asia, prices fell 4.4% to $ 1684.37, the lowest level since March 31, as a result of stop-loss sales. Trade was low in Tokyo and Singapore due to the holidays.

Gold also fell 1.1% to $ 1744.50 in futures trading in the United States.

U.S. Department of Labor data shows that employers hired the largest number of workers in a year in July and continued to raise wages.

The data contributed to the increase in the yield of Benmark U.S. 10-year Treasury bills, which hurt the attraction of gold as a defense against inflation.

The dollar index hit a two-week high today.

Among other precious metals, silver fell 7.5% to $ 22.50 a session, the lowest level in more than eight months. It was down 1.7% at $ 23.93 in the previous session.

Platinum lost 0.1% to $ 978.60, the lowest level since November 2020 at $ 959.93. Palladium was up 0.1% at $ 2629.87.