Gold prices in Saudi Arabia fall after global drop

Gold prices in Saudi Arabia fell on Thursday, 2 Jumada al-Thani 1448, across all carats, in line with a global decline of more than 1%. The price of 21-carat gold in the Kingdom, along with other carats, dropped following the international trend.

Gold ounce price

On the global exchange on Tuesday, gold was priced at around $3,947 per ounce, down 1.04%. The decline followed higher-than-expected US inflation data and hawkish remarks from the Federal Reserve, which pushed the dollar close to a one-month high and raised expectations of an interest rate hike next month, negatively impacting the precious metal.

Gold prices in Saudi Arabia today

At the start of trading on Thursday, the price of 21-carat gold in Saudi Arabia stood at 416.07 riyals (SAR) per gram, compared to 426.35 riyals at the close of trading on Wednesday.

Gold prices in Saudi Arabia on Thursday, 2 Jumada al-Thani 1448, for all carats were as follows:

21-carat gold: 416.07 riyals per gram.

24-carat gold: 475.50 riyals per gram.

22-carat gold: 435.88 riyals per gram.

18-carat gold: 356.63 riyals per gram.

Gold pound price in Saudi Arabia today

The price of the gold pound, which weighs 8 grams, in Saudi Arabia today was as follows:

21-carat gold pound: 3,994.24 riyals.

22-carat gold pound: 4,184.44 riyals.

24-carat gold pound: 4,564.85 riyals.

Gold bar prices in Saudi Arabia

Gold bar prices today varied by weight, starting from 1 gram up to 1,000 grams. The prices were as follows:

1-gram gold bar: 523.06 riyals.

5-gram gold bar: 2,472.62 riyals.

10-gram gold bar: 4,888.19 riyals.

20-gram gold bar: 9,709.81 riyals.

50-gram gold bar: 24,108.09 riyals.

100-gram gold bar: 48,121.07 riyals.

1-kilogram gold bar: 48,121.07 riyals.