The selling price of a gram of 21-karat gold, the most sought-after grade among consumers in the local market, stood at JD84.9 on Saturday when sold by jewelry stores, while the buying price was JD81.
The selling prices of one gram of 24-karat and 18-karat gold stood at JD97.3 and JD75.2, respectively, when purchased from jewelry stores.
According to Rabhi Alaan, head of the General Syndicate of Owners of Shops Trading and Manufacturing Jewelry and Gold, the price of a 7-gram Rashadi gold coin reached JD615, while an 8-gram English gold coin was priced at JD700.
He said supply and demand for jewelry and gold ornaments in the local market remained weak, adding that he expected this trend to continue through the end of the current year.
He added that gold closed its weekly trading session in global markets on Friday at $4,165 per ounce.
