Latest news with #RabhiAllan
Jordan News
4 hours ago
- Business
- Jordan News
21-Carat Gold Price Reaches 66.6 Dinars Locally - Jordan News
The selling price of 21-carat gold—the most in-demand by citizens—in the local market on Saturday reached 66.60 dinars per gram at jewelry stores, while the buying price stood at 64.40 dinars. اضافة اعلان The selling prices for other gold purities at jewelry shops were as follows: 24-carat: 76.40 dinars per gram 18-carat: 59.20 dinars per gram 14-carat: 44.90 dinars per gram Meanwhile, the price of a Rashadi gold lira (7 grams) stood at 463 dinars, while the English gold lira (8 grams) was priced at 530 dinars. President of the General Syndicate of Owners of Jewelry and Goldsmith Shops, Mr. Rabhi Allan, anticipated an improvement in local gold demand in the coming period, coinciding with the start of the wedding and festive season, as well as the return of Jordanian expatriates. Speaking to the Jordan News Agency (Petra), Allan noted that the yellow metal closed the week's global trading on Friday at $3,274 per ounce.
Jordan News
21-06-2025
- Business
- Jordan News
21-Carat Gold Priced at JD 68.3 in the Local Market - Jordan News
21-Carat Gold Priced at JD 68.3 in the Local Market The selling price of one gram of 21-carat gold, the most in-demand among citizens, reached JD 68.30 in the local market today, Saturday, while the buying price stood at JD 66.30 at jewelry shops. اضافة اعلان The selling prices of gold per gram for other carats were as follows: 24-carat: JD 78.40 18-carat: JD 60.70 14-carat: JD 46.10 The price of a 7-gram Rashadi gold coin was JD 477, and the 8-gram English gold coin was priced at JD 545. Head of the General Syndicate of Owners of Jewelry and Goldsmiths Shops, Mr. Rabhi Allan, told the Jordan News Agency (Petra) that demand for gold in the local market is fluctuating between weak and moderate. However, he expects improvement in demand for gold jewelry during upcoming occasions and celebrations. He added that the yellow metal closed its weekly trading on the global market on Friday at USD 3,368 per ounce. — (Petra)
Jordan News
14-06-2025
- Business
- Jordan News
21-Carat Gold Price Reaches JD 69.6 Locally - Jordan News
The selling price of 21-carat gold, the most sought-after by citizens in the local market, reached JD 69.6 per gram on Saturday, while the buying price stood at JD 67.6. اضافة اعلان The selling prices per gram for other gold carats from jewelry shops were as follows: 24-carat: JD 79.8 18-carat: JD 62 14-carat: JD 46.7 Meanwhile, the price of the 7-gram Rashadi gold lira reached JD 485, and the 8-gram English lira reached JD 555. According to Rabhi Allan, President of the General Syndicate of Owners of Jewelry and Gold Shops, there was moderate demand for gold jewelry in the local market over the past week. Allan told the Jordan News Agency (Petra) that gold closed its weekly trading on the global market on Friday at $3,433 per ounce, an increase of $50 per ounce due to the ongoing military escalation between Iran and Israel.
Jordan News
10-05-2025
- Business
- Jordan News
Gold Prices Rise by 70 Piasters in the Local Market - Jordan News
The price of 21-karat gold, the most in-demand among citizens in Jordan, reached 67.80 dinars per gram for selling at jewelry shops on Saturday, while the buying price stood at 65.80 dinars. اضافة اعلان Prices for other gold purities per gram for buying from jewelers were as follows: 24 karat: 77.80 dinars 18 karat: 60.30 dinars 14 karat: 45.80 dinars According to Rabhi Allan, President of the General Syndicate of Owners of Trade and Jewelry Shops, the price of: Rashadi gold coin (7 grams): 472 dinars English gold coin (8 grams): 540 dinars Allan told Petra News Agency that demand for coins, bars, and ounces for saving and investment is moderate, while demand for gold jewelry remains weak. He added that gold closed Friday's global trading at $3,325 per ounce, highlighting that geopolitical tensions worldwide have made the gold market extremely volatile, with prices fluctuating up to $100 in a single day.
Zawya
28-04-2025
- Business
- Zawya
Gold prices soar in Jordan, reshaping investment trends
AMMAN — Gold prices in Jordan have risen "sharply" since the beginning of the year, mirroring international trends pushing the precious metal to record highs, according to industry stakeholders. According to the General Syndicate of Owners of Trade and Jewellery Shops, the price of 21-karat gold, the most popular among Jordanians, has reached JD68 per gramme for selling and JD66 for buying. Meanwhile, prices for 24-karat, 18-karat, and 14-karat gold have climbed to JD78.1, JD60.6, and JD45.9 per gramme, respectively. President of the Jordanian Jewellers Association Rabhi Allan said that the 7-gramme Rashadi gold coin now stands at JD474, while the 8-gramme English gold coin is priced at JD542. He noted that international gold trading closed last Friday at $3,318 per ounce — the highest level on record. Amid the ongoing economic uncertainty, demand for gold coins remains strong, with many Jordanians viewing them as a safe haven investment and a secure method to preserve wealth. Allan noted that Rashadi and English gold coins, in particular, have grown increasingly popular among buyers looking to shield their savings from market volatility. Despite the surge in gold prices, gold coins remain widely available in the local market, and jewellery shop owners are encouraging consumers to consider investing during this period. However, the soaring prices are placing a heavy burden on young couples preparing for marriage, as gold remains a deeply symbolic part of Jordanian wedding traditions, especially in preparing the Mahr, or bridal dowry. Many couples are now revising their wedding budgets, scaling back gold purchases, or even postponing their wedding plans altogether. 'I have always dreamed of a wedding with all the traditions, but with these gold prices, we are being forced to compromise on everything,' said Leen Bakir, who plans to marry later this year. 'Even a simple gold set feels out of reach now.' Jewellers across the Kingdom are witnessing the strain firsthand. "We see more couples trying to negotiate smaller sets," said Salim Samara, a jeweller in Wehdat, noting that many are opting for simpler rings or lower-carat gold options to reduce costs. Sector experts attribute the price hikes to international gold market volatility combined with local inflationary pressures. Traditionally, the wedding season boosts demand for jewellery, but this year, rising prices are dampening purchasing power and changing long-held customs, according to stakeholders. As wedding season approaches its peak, the impact of climbing gold prices extends beyond economics, reshaping an integral part of Jordan's social and cultural fabric. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
