One of the women sustained stab wounds to her limbs and upper body, while the other sustained wounds to her upper body.
Police said two stabbers, both of whom were masked, fled the scene toward the nearby East Jerusalem neighborhood of Jabel Mukaber.
Board of Deputies Of British Jews Vice President Richard Verber said: “The Board of Deputies expresses its revulsion at the stabbing attack on two elderly women walking in a park in Jerusalem. Palestinian terror is hateful and never justifiable.
"The Palestinian Authority shares the responsibility due to its failure to stop incitement and glorification of violence.”