Gold prices in Saudi Arabia showed relative stability today, with 24K gold priced at 491.25 SAR. Citizens and investors closely follow price developments, especially with the impact of global changes on the local market. This comes amid market anticipation of any developments that might affect the price of the yellow metal globally and locally.

24K gold recorded 491.25 SAR

22K gold recorded 370.75 SAR

21K gold recorded 429.75 SAR

18K gold recorded 361.50 SAR

14K gold recorded 236.00 SAR

12K gold recorded 202.25 SAR

Ounce: 12,580.50 SAR

Gold pound: 3,438.75 SAR

Ounce in USD: 3,356.38 USD

UBS Bank has forecasted gold prices to rise to 4,200 USD per ounce in the coming months, as the opportunity cost of holding gold decreases due to lower real interest rates in the United States. Additionally, the continued weakness of the US dollar generally acts as another supportive factor for gold.