Gold prices steady in Saudi Arabia as global rates climb

Gold prices in Saudi Arabia remained stable across all carats on Thursday, 23-2-1448 (corresponding to the Islamic calendar), with the price of 21-carat gold and other categories unchanged at the start of trading, even as global gold prices rose.

Gold ounce price

On the global exchange Thursday, gold was priced at $4,278 per ounce, up 0.73%. This marks the fourth consecutive session of gains, with prices reaching their highest level in seven weeks, supported by a weaker US dollar. Investors are also monitoring the prospects of an agreement to reopen the Strait of Hormuz to commercial shipping.

Gold prices in Saudi Arabia today

In the Kingdom, the price of 21-carat gold opened Thursday at SAR 451.11 per gram, compared to SAR 451.22 at the close of trading on Wednesday.

Gold prices in Saudi Arabia for Thursday, 23-2-1448, by carat are as follows:

21-carat gold: SAR 451.11 per gram.

24-carat gold: SAR 515.55 per gram.

22-carat gold: SAR 472.59 per gram.

18-carat gold: SAR 386.66 per gram.

Gold sovereign price in Saudi Arabia today

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

21-carat gold sovereign: SAR 4,330.63.

22-carat gold sovereign: SAR 4,536.86.

24-carat gold sovereign: SAR 4,949.30.

Gold bar prices in Saudi Arabia

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

1-gram gold bar: SAR 567.11.

5-gram gold bar: SAR 2,680.87.

10-gram gold bar: SAR 5,299.87.

20-gram gold bar: SAR 10,527.57.

50-gram gold bar: SAR 26,138.47.

100-gram gold bar: SAR 52,173.84.

1-kilogram gold bar: SAR 519,160.62.