Gold prices fall in Saudi Arabia on Tuesday across all carats

Gold prices in Saudi Arabia declined on Tuesday, 30 Jumada II 1448 (corresponding to the Gregorian calendar), across all carats. The price of 21-carat gold and other carats fell at the start of trading, in line with a global decrease in gold prices.

Gold ounce price

On the global exchange, gold was trading at around $4,083 per ounce on Tuesday, down 1.41% and near its session low. The decline followed a rise in the US dollar after Federal Reserve member Christopher Waller stated in London that the Fed should raise interest rates in December even if US inflation slows, and that a half-point hike is worth considering if the Core reading comes in at 0.3% or higher.

Gold prices in Saudi Arabia today

In the Kingdom, the price of 21-carat gold opened at 431.36 riyals (SAR) per gram on Tuesday, compared to 434.71 riyals at the close of trading on Monday.

Gold prices in Saudi Arabia on Tuesday, 30 Jumada II 1448, for all carats were as follows:

21-carat gold: 431.36 riyals per gram.

24-carat gold: 492.98 riyals per gram.

22-carat gold: 451.90 riyals per gram.

18-carat gold: 369.74 riyals per gram.

Gold sovereign price in Saudi Arabia today

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

21-carat gold sovereign: 4,141.07 riyals.

22-carat gold sovereign: 4,338.26 riyals.

24-carat gold sovereign: 4,732.65 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 were as follows:

1-gram gold bar: 542.28 riyals.

5-gram gold bar: 2,563.52 riyals.

10-gram gold bar: 5,067.88 riyals.

20-gram gold bar: 10,066.74 riyals.

50-gram gold bar: 24,994.30 riyals.

100-gram gold bar: 49,890.01 riyals.

1-kilogram gold bar: 496,435.18 riyals.