Gold prices in Saudi Arabia fall on Thursday as global rates drop

Gold prices in Saudi Arabia fell across all carats on Thursday, 11 Jumada al-Awwal 1448 (corresponding to today), in line with a global decline of more than 1%. The price of 21-carat gold and other carats dropped at the start of trading.

Gold ounce price

On the global exchange on Tuesday, the price of gold stood at $4,084 per ounce, down 1.4%. Market participants are awaiting next week's US Federal Reserve policy meeting for signals on the future path of interest rates.

Gold prices in Saudi Arabia today

At the start of Thursday's trading, the price of 21-carat gold in Saudi Arabia was 431.61 riyals (SAR) per gram, compared to 434.41 riyals at the close of trading on Wednesday.

Gold prices in Saudi Arabia for Thursday, 11 Jumada al-Awwal 1448, by carat are as follows:

21-carat gold: 431.61 riyals per gram.

24-carat gold: 493.27 riyals per gram.

22-carat gold: 452.16 riyals per gram.

18-carat gold: 369.95 riyals per gram.

Gold sovereign price in Saudi Arabia today

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

21-carat gold sovereign: 4,143.46 riyals.

22-carat gold sovereign: 4,340.77 riyals.

24-carat gold sovereign: 4,735.38 riyals.

Gold bar prices in Saudi Arabia

Gold bar prices vary by weight, starting from 1 gram up to 1,000 grams. Today's prices are as follows:

1-gram gold bar: 542.60 riyals.

5-gram gold bar: 2,565.00 riyals.

10-gram gold bar: 5,070.80 riyals.

20-gram gold bar: 10,072.55 riyals.

50-gram gold bar: 25,008.73 riyals.

100-gram gold bar: 49,918.80 riyals.

1-kilogram gold bar: 496,721.70 riyals.