The Hashemite Kingdom of Jordan is a beautiful place. It has amazing natural views and a strong economy. The official money is the Jordanian Dinar (JOD). It’s stable because it’s tied to the IMF’s Special Drawing Rights since 1995.
The gold price in Jordan is very important. People buy and sell gold here. The price changes because of world and local money matters.
Exchange-rates.org is a great place to find out about gold prices in Jordan. They show prices in dinars per ounce, gram, or kilo. It’s good for investors and anyone curious about gold in Jordan.
Key Takeaways
- Jordan’s official currency is the Jordanian Dinar (JOD), which has been pegged to the IMF’s Special Drawing Rights since 1995.
- The gold market in Jordan is influenced by global and local economic factors, resulting in price fluctuations throughout the trading day.
- Exchange-rates.org offers real-time data and insights on the latest gold price in Jordan, measured in dinars per ounce, gram, or kilo.
- The current gold price in Jordan is 1,876.57 JOD per ounce as of December 3, 2024, significantly higher compared to the same day in 2023.
- Jordan issued its first gold coins in 1969, marking an important milestone in the country’s gold trading history.
Understanding Gold Trading in the Hashemite Kingdom
Jordan, known as the Hashemite Kingdom, has a lively gold trading market. The Jordanian Dinar (JOD) is the official money. It’s worth about 0.709 JOD for every 1 USD. Gold trading here is guided by the Central Bank of Jordan, making it safe and clear.
The Role of Jordanian Dinar in Gold Trading
The Jordanian Dinar started in 1950, replacing the Palestinian Pound. It can be split into 10 dirham, 100 qirsh, or 1000 fulus. This makes it a solid choice for buying and selling gold in Jordan. The value of the JOD against the US Dollar affects the price of gold jewelry jordan and amman gold souks.
Jordan’s Central Bank and Gold Regulations
The Central Bank of Jordan controls the Jordanian Dinar. It also looks after the country’s gold and foreign exchange. The bank makes sure gold trading in Jordan follows global rules, keeping the jordan bullion dealers market open and honest.
Gold Trading Hours and Market Operations
Gold trading in Jordan keeps up with the world’s hours. Prices change all day, based on big markets like Tokyo, London, and New York. This lets Jordan’s traders and buyers know the latest prices, helping them make smart choices.
“The gold market in Jordan operates within a well-defined regulatory framework, providing stability and security for traders and investors alike.”
Current Price of Gold in Jordan
Today, gold prices in Jordan are going up. The price for one gram of gold is 60.34 Jordanian Dinars (JOD). This is a 0.3% increase from yesterday.
The market is a bit shaky, but not too much. The highest price was 60.42 JOD, and the lowest was 60.05 JOD.
Looking at gold prices in Jordan, we see some changes:
| Unit | Price (JOD) | Change |
|---|---|---|
| Ounce | 1,876.67 | +5.501 |
| Gram | 60.33 | +0.177 |
| Kilo | 60,336.17 | +176.876 |
| Tola | 703.75 | +2.063 |
| Baht | 887.57 | +2.602 |
| Grain | 3.91 | +0.011 |
| Ratti | 10.98 | +0.032 |
Gold purity prices in Jordan are also changing:
- 24-Karat: 60.33 JOD (+0.18 JOD)
- 18-Karat: 45.25 JOD (+0.13 JOD)
- 10-Karat: 25.14 JOD (+0.074 JOD)
Gold prices in Jordan can change a bit. This is because of extra fees and labor costs. But these prices give a good idea of what’s happening in the gold market in Jordan.
“Stay informed and make wise decisions when investing in gold in Jordan.”
Gold Purity Standards and Price Variations
In Jordan, gold purity is measured in karats. The purest is 24K. Prices vary between 24K and 22K gold. For example, 24K gold is 60.36 JOD/gram, while 22K is 55.29 JOD/gram.
Other common purities are 21K, 18K, and 14K. Each has its own value for buying gold in jordan or gold investment jordan.
24K vs 22K Gold Rates
The purity of gold affects its price. 24K gold is the most valuable. 22K gold is less pure and cheaper.
Investors and buyers in Jordan should know these differences. This helps them make smart choices when buying gold in jordan or gold investment jordan.
Understanding Gold Karats and Their Value
Gold karats measure purity, with 24 karats being the highest. Lower karats mean more alloy, affecting value. Knowing a gold item’s karat is key for buying gold in jordan and gold investment jordan.
It impacts price and quality. This knowledge is crucial.
Labor Costs and Markup Considerations
Gold jewelry and products in Jordan also consider labor costs and markups. Craftsmanship, design, and manufacturing add to cost. These factors affect the selling price.
Investors and buyers should think about these when buying gold in jordan or gold investment jordan. This ensures they get good value.
| Gold Purity | Price (JOD/gram) |
|---|---|
| 24K | 60.36 |
| 22K | 55.29 |
| 21K | 52.81 |
| 18K | 45.27 |
| 14K | 35.21 |
Knowing about gold purity, karats, and costs is key for smart choices in buying gold in jordan or gold investment jordan. By considering these, investors and buyers can get the best value and make the most of their gold purchases in Jordan.
Price of Gold in Jordan: Market Factors
The price of gold in Jordan changes with global events. Things like wars and economic changes affect gold prices. The 1970s oil crisis, 9/11, and Gulf Wars all raised gold prices.
Changes in currency value also matter. For example, how much the Jordanian Dinar is worth against the U.S. Dollar can change gold prices. Events like Venezuela’s economic crisis or Russia’s sanctions can also impact prices.
People often buy gold when they’re worried about money or politics. This makes gold prices go up. The gold market in Jordan is also affected by local rules and how much people buy and sell.