Gold prices fall in Saudi Arabia on Thursday as 21-karat declines

Gold prices in Saudi Arabia fell across all categories on Thursday, 30-2-1448 (corresponding to the Gregorian calendar), with 21-karat and other types declining at the start of trading, in line with a global drop in gold prices.

Gold ounce price

On the global exchange Thursday, gold was priced at about $4,366 per ounce, down 0.95%. The decline comes as investors took profits following a strong rally that pushed the precious metal to its highest level in over two months. Markets are now awaiting the release of US producer price data for further signals on the Federal Reserve's interest rate path.

Gold prices in Saudi Arabia today

The price of 21-karat gold in the Kingdom opened Thursday at 461.84 riyals (SAR) per gram, compared to 465.44 riyals at the close of trading on Wednesday.

Gold prices in Saudi Arabia for Thursday, 30-2-1448, for all categories were as follows:

21-karat gold: 461.84 riyals per gram.

24-karat gold: 527.82 riyals per gram.

22-karat gold: 483.83 riyals per gram.

18-karat gold: 395.86 riyals per gram.

Gold sovereign price in Saudi Arabia today

The price of an 8-gram gold sovereign in the Kingdom today was as follows:

21-karat gold sovereign: 4,433.65 riyals.

22-karat gold sovereign: 4,644.78 riyals.

24-karat gold sovereign: 5,067.03 riyals.

Gold bar prices in Saudi Arabia

Gold bar prices today varied by weight, with the following rates:

1-gram gold bar: 580.60 riyals.

5-gram gold bar: 2,744.64 riyals.

10-gram gold bar: 5,425.95 riyals.

20-gram gold bar: 10,778.00 riyals.

50-gram gold bar: 26,760.26 riyals.

100-gram gold bar: 53,414.95 riyals.

1-kilogram gold bar: 531,510.40 riyals.