Gold prices in Saudi Arabia showed relative stability today, with 21-carat gold priced at 355.75 riyals. Citizens and investors closely follow price developments, especially with the impact of global changes on the local market. The prices for other carats were: 24-carat at 406.50 riyals, 22-carat at 372.50 riyals, 18-carat at 304.75 riyals, 14-carat at 237.00 riyals, and 12-carat at 203.25 riyals. The ounce was priced at 12,643.25 riyals, and the gold pound at 2,845.25 riyals. The ounce in US dollars was 3,371.54 USD. Recently, the US Federal Reserve announced maintaining the main interest rate between 4.25% and 4.50% during its fifth meeting this year, marking the fifth meeting without changes since President Donald Trump took office in early 2025. Gold prices declined locally and globally due to the strength of the US dollar and rising Treasury yields, coinciding with anticipation of a speech by Federal Reserve Chairman Jerome Powell.
Exhibition City Completes About 80% of Preparations for the Damascus International Fair Launch
16 Aug, 2025
- 3 mins read
Recommended for you
Exhibition City Completes About 80% of Preparations for the Damascus International Fair Launch
Iron Price on Friday 15-8-2025: Ton at 40,000 EGP
Afghan Energy and Water Minister to Al Jazeera: We Build Dams with Our Own Funds to Combat Drought
Unified Admission Applications Start Tuesday with 640 Students to be Accepted in Medicine
Al-Jaghbeer: The Industrial Sector Leads Economic Growth
KPMG: Saudi Arabia Accelerates Unified Digital Government Transformation