Gold prices fell today in Jordan, Friday March 18, 2022, affected by the fall in prices of the yellow metal in global markets.
Gold Price Today in Jordan
And the price of a gram of 24-carat gold reached 44.10 dinars ($62.20) in Jordan today.
And the price of a gram of 18-carat gold today in Jordan was about 33.08 dinars ($46.65).
Looking at cheap gold prices today in Jordan, the price of one gram of 14-carat gold was around 25.73 dinars ($36.29).
And the price of a gram of 12-carat gold today in Jordan was about 22.05 dinars ($31.10).
21 Karat Gold Price Today in Jordan
And the price of a gram of 21-carat gold today in Jordan, (the most traded on the market), registered about 38.59 dinars (54.43 dollars).
And the price of an ounce in Jordan today was about 1,372 dinars (1935 dollars).
The price of a pound of gold today in Jordan (8 grams of 21 carats), registered about 308.72 dinars (435.43 dollars).
Gold prices today worldwide
The price of gold fell slightly on Friday, despite the support of the Federal Reserve (the US central bank) to raise the interest rate.
Yesterday, the US Federal Reserve raised interest rates by 0.25% to make the precious metal cheaper for holders of other currencies, but rising Treasury yields capped gains.
And spot gold contracts fell 0.51% to $1,933.25 an ounce, after hitting the lowest level since February 28 at $1,894.70 last Wednesday.
And gold futures contracts traded during the previous session at the level of $1,928.35 an ounce (one ounce), amid expectations that the gold index will receive support points at the $1,895.20 level. an ounce, and resistance points at 1994.80 dollars an ounce. .
The dollar index, which measures the US currency’s performance against a basket of six other major currencies, rose 0.10% to trade at $98.07.
The silver index for the month of May fell 0.96% to settle at $25.37 an ounce, while the price of copper futures for the month of May rose 0.70% to settle at $4.73. The pound.
The dollar’s slide in the wake of a quarter percent interest rate cut made gold cheaper for holders of other currencies after the Federal Reserve decided to raise interest rates in a move to address the fallout. from the Corona pandemic to combating the economic risks of inflation. and the war in Ukraine.
The Federal Reserve’s decision raised 10-year US Treasury yields to the highest level since May 2019, in the previous session.
And the price of gold in the US currency is very sensitive to rising interest rates in the US, as this increases the cost of holding non-yielding bullion.