Gold prices in Saudi Arabia fall on Saturday as global rates dip

Gold prices in Saudi Arabia fell across all carats on Saturday (corresponding to 4-6-1448 in the Hijri calendar), with 21-carat gold and other grades declining at the start of trading. The drop coincided with a global decrease in gold prices at the close of the week.

Gold ounce price

On the global exchange, gold was priced at around $3,883 per ounce on Saturday, marking the last closing price before the weekend. This followed the release of US inflation data, with gold set for a weekly loss of about 4.5%.

Gold prices in Saudi Arabia today

In Saudi Arabia, the price of 21-carat gold opened at 409.82 riyals (SAR) per gram on Saturday, compared to 412.46 riyals at the close on Friday.

Gold prices in Saudi Arabia for all carats on Saturday, 4-6-1448, were as follows:

21-carat gold: 409.82 riyals per gram

24-carat gold: 468.37 riyals per gram

22-carat gold: 429.34 riyals per gram

18-carat gold: 351.27 riyals per gram

Gold ounce buying and selling prices

The buying and selling prices for a gold ounce in Saudi Arabia on Saturday were:

Selling price: 14,567.78 riyals

Buying price: 14,571.53 riyals

Gold sovereign prices in Saudi Arabia today

The price of an 8-gram gold sovereign in Saudi Arabia on Saturday was as follows:

21-carat: 3,934.27 riyals

22-carat: 4,121.62 riyals

24-carat: 4,496.31 riyals

Gold bar prices in Saudi Arabia

Gold bar prices in Saudi Arabia vary by weight, ranging from 1 gram up to 1,000 grams. Saturday's prices were as follows:

1-gram bar: 515.20 riyals

5-gram bar: 2,435.50 riyals

10-gram bar: 4,814.80 riyals

20-gram bar: 9,564.03 riyals

50-gram bar: 23,746.16 riyals

100-gram bar: 47,398.64 riyals

1-kilogram bar: 471,644.56 riyals