Ammon News - Ribhi Allan, President of the Jordanian Jewelers and Goldsmiths Syndicate, said the global gold prices have recorded historc and unprecedented increases in 2025, with the price of an ounce climbing to an all-time high of $4,550—nearly 75% higher than at the start of the year.

This global surge has directly impacted the local market, with the price of a gram of 21-karat gold, the most commonly traded type in Jordan, reaching JD91, Allan stated.

Allan indicated that the local demand for gold has been exceptional this year, indicating a clear shift among Jordanians towards saving in gold coins, ounces, and bars for long-term investment and savings purposes. He said, "This year we have witnessed record demand, exceeding 80% compared to last year and more than 100% compared to the year before, reflecting citizens' confidence in gold as a safe haven."

Regarding his expectations for 2026, Allan pointed out that several political and economic factors will affect gold prices, including the Russian-Ukrainian war developments , situation in Gaza, in addition to possible changes in the US Federal Reserve policy under a new president, which may differ from the policies of the previous period with regard to interest rates on the dollar.