Gold prices in Jordan fell today, Thursday, October 7, 2021, in parallel with the decline in the prices of the precious metal in global markets.
Gold price in Jordan today
A gram of 24 karat gold in Jordan fell to 40.12 dinars ($ 56.59), compared to 40.26 dinars ($ 56.53), yesterday.
The price of a gram of 21 karat gold (the most traded in the market) also decreased to 35.11 dinars ($ 49.52), compared to 35.22 dinars ($ 49.47), yesterday, Wednesday.
The price of a gram of 18 karat gold in Jordan fell to about 30.09 dinars ($ 42.45), compared to 30.19 dinars ($ 42.40), yesterday.
As for economic gold prices in Jordan, the price of a gram of 14 karat gold reached about 23.41 dinars ($ 33.01), compared to 23.48 dinars ($ 32.98), yesterday.
The price of a gram of 12-carat gold fell to about 20.06 dinars ($ 28.30), compared to 20.11 dinars ($ 28.32), yesterday, Wednesday.
Gold price per ounce and pound
The price of an ounce in Jordan fell to the level of 1248 dinars (1,760 dollars), compared to 1247 dinars (1,758 dollars), yesterday.
And the price of the gold pound in Jordan (8 grams of 21 carat) fell to about 280.88 dinars (396.17 dollars).
global gold prices
Gold prices extended their losses, today, Thursday, as gold futures fell during the Asian session despite the decline in the dollar, amid concern that the rise in energy prices.
According to the Comex classification of the New York Mercantile Exchange, gold futures contracts were traded in December at the level of $1,760.65 an ounce, recording a decrease of 0.07%.
And earlier in the session, gold recorded 1758.10 dollars an ounce, and according to Bloomberg data, gold may fluctuate between levels of 1745.40 dollars to 1771.50 dollars.
The dollar index, which measures the performance of the US currency against a basket of six other major currencies, fell by 0.05%, to record about 94.227.
Meanwhile on Comex, silver for December fell 0.31% to $22.602 an ounce while copper for December rose 0.22% to trade at USD4.1830 per pound.
Kyle Rhoda, analyst at IG Market, said the gold price’s momentum is waning on the back of monetary policy expectations.
“There are still significant indications of cost pressures in the global economy and that will keep the focus on central banks and policy tightening,” he added.