Gold prices rise in Saudi Arabia as global markets surge

Gold prices in Saudi Arabia rose on Thursday (corresponding to 7-3-1448 Hijri) across all carats, with the price of 21-carat gold and other grades increasing at the start of trading, in line with a strong global rally in the precious metal.

Gold ounce price

On the global exchange Thursday, gold was priced at $4,491 per ounce, down 0.73% due to profit-taking after earlier reaching $4,525.79, its highest level since early June. Meanwhile, US gold futures rose 0.2% to $4,553.30.

Gold prices in Saudi Arabia today

In Saudi Arabia, the price of 21-carat gold opened Thursday at 473.08 riyals (SAR) per gram, up from 459.40 riyals at the close of trading on Wednesday.

Gold prices in Saudi Arabia for Thursday, 7-3-1448, by carat:

21-carat gold: 473.08 riyals per gram.

24-carat gold: 540.66 riyals per gram.

22-carat gold: 495.61 riyals per gram.

18-carat gold: 405.50 riyals per gram.

Gold sovereign price in Saudi Arabia

The price of an 8-gram gold sovereign in Saudi Arabia today:

21-carat: 4,541.57 riyals.

22-carat: 4,757.84 riyals.

24-carat: 5,190.37 riyals.

Gold bar prices in Saudi Arabia

Gold bar prices vary by weight. Today's prices are as follows:

1-gram gold bar: 594.73 riyals.

5-gram gold bar: 2,811.45 riyals.

10-gram gold bar: 5,558.02 riyals.

20-gram gold bar: 11,040.34 riyals.

50-gram gold bar: 27,411.62 riyals.

100-gram gold bar: 54,715.11 riyals.

1-kilogram gold bar: 544,447.80 riyals.