Gold prices in Saudi Arabia showed relative stability today, with 21-carat gold priced at 403.75 Riyals. Citizens and investors closely monitor price developments, especially with the impact of global changes on the local market. This comes amid market anticipation of any developments that could affect the price of the yellow metal globally and locally.
Gold Prices Today in Saudi Arabia
- 24-carat recorded 461.25 Riyals
- 22-carat recorded 370.75 Riyals
- 21-carat recorded 403.75 Riyals
- 18-carat recorded 340 Riyals
- 14-carat recorded 236.00 Riyals
- 12-carat recorded 202.25 Riyals
- Ounce at 12,580.50 Riyals
- Gold pound at 3,229.50 Riyals
- Ounce in dollars at 3,356.38 USD
Gold prices reached an all-time high, surpassing $3,800 per ounce, driven by the risks of the US government shutdown, the weakening of the dollar, and increasing expectations that the Federal Reserve will cut interest rates further this year.
The global gold ounce price rose by 1.3% during Monday’s trading, reaching a historic high of $3,819 per ounce after opening at $3,764 per ounce and currently trading at $3,809 per ounce.
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