Gold prices in Saudi Arabia fall on Saturday after global drop

Gold prices in Saudi Arabia fell across all carats on Saturday, 16-3-1448 (corresponding to the Gregorian calendar), with the price of 21-carat gold and other carats declining at the start of trading. This comes in line with a significant drop in global gold prices before the end of the week’s trading.

Gold ounce price

On the global exchange, the price of gold on Saturday stood at $4,455 per ounce, down 3.19% in the last closing price before the weekend break.

Gold prices in Saudi Arabia today

In Saudi Arabia, the price of 21-carat gold opened at 469.99 riyals (SAR) per gram on Saturday, compared to 483.68 riyals at the close of trading on Friday.

Gold prices in Saudi Arabia on Saturday, 16-3-1448, for all carats were as follows:

21-carat gold: 469.99 riyals per gram.

24-carat gold: 537.13 riyals per gram.

22-carat gold: 492.37 riyals per gram.

18-carat gold: 402.85 riyals per gram.

Gold ounce buying and selling prices

The price of buying and selling a gold ounce in Saudi Arabia today:

Gold ounce selling price: 16,706.48 riyals.

Gold ounce buying price: 16,710.23 riyals.

Gold sovereign price in Saudi Arabia today

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

21-carat gold sovereign: 4,511.87 riyals.

22-carat gold sovereign: 4,726.72 riyals.

24-carat gold sovereign: 5,156.42 riyals.

Gold bar prices in Saudi Arabia

Gold bar prices today vary according to weight, starting from 1 gram up to 1,000 grams. Today's gold bar prices were as follows:

1-gram gold bar: 590.84 riyals.

5-gram gold bar: 2,793.06 riyals.

10-gram gold bar: 5,521.67 riyals.

20-gram gold bar: 10,968.13 riyals.

50-gram gold bar: 27,232.34 riyals.

100-gram gold bar: 54,357.25 riyals.

1-kilogram gold bar: 540,886.86 riyals.