Gold prices rose today in Jordan, Tuesday, May 3, 2022, despite the decline in the prices of the precious metal globally due to the strength of the dollar.
Gold price today in Jordan
Today, a gram of 24 karat gold in Jordan amounted to 42.68 dinars ($ 60.19).
And the price of a gram of 21 karat gold today in Jordan increased to about 37.34 dinars ($ 52.67); The price of a gram of 18 karat gold also recorded about 32.01 dinars ($ 45.14), according to the “Gold Price Today” platform.
As for economic gold prices today in Jordan, the price of a gram of 14 karat gold scored about 24.89 dinars ($ 35.11), and the price of 12 karat gold to 21.34 dinars ($ 30.09).
The price of an ounce and a pound of gold today in Jordan
The price of an ounce of gold today in Jordan during the evening trading in the local markets reached 1327 dinars (1872 dollars).
While the price of the gold pound today in Jordan scored about 298.74 dinars (421.34 dollars).
Gold prices today globally
Gold prices fell today, Tuesday, to their lowest level since mid-February, as the strong dollar and the imminent rise in US interest rates limited the attractiveness of the precious metal as a hedge against inflation.
By 0816 GMT, spot gold fell 0.5% to $1,854.21 an ounce, its lowest since February 16. US gold futures fell 0.5% to $1,854.40 an ounce.
The dollar remained at a 20-year high, making dollar-denominated gold less attractive to overseas buyers, while yields on record US 10-year bonds hit 3 percent for the first time since December 2018.
It is expected that the Open Market Committee of the Federal Reserve (the US central bank) will start its meeting to discuss the interest rate later on Tuesday, and it will announce its decision tomorrow, Wednesday.
As for other precious metals, the price of silver in spot transactions fell 0.3 percent to $22.57 an ounce. And platinum rose 0.3 percent to $ 938.34 an ounce, while palladium rose 0.9 percent to $ 2236.43 an ounce.