Gold prices in Saudi Arabia fall after global decline

Gold prices in Saudi Arabia fell on Tuesday, 25 Rabi Al-Thani 1448 (corresponding to the Gregorian calendar), with all carat categories seeing a decrease at the start of trading. The decline comes in line with a drop in global gold prices.

Gold ounce price

On the global exchange, gold was priced at $4,133 per ounce on Tuesday, down 0.16%. The decrease is attributed to ongoing expectations that the US Federal Reserve may raise interest rates in October and the renewed strength of the US dollar.

Gold prices in Saudi Arabia today

In the Kingdom, the price of 21-carat gold opened at 435.77 riyals (SAR) per gram on Tuesday, compared to 438.42 riyals at the close of trading on Monday.

Gold prices in Saudi Arabia for Tuesday, 25 Rabi Al-Thani 1448, by carat:

21-carat gold: 435.77 riyals per gram

24-carat gold: 498.02 riyals per gram

22-carat gold: 456.52 riyals per gram

18-carat gold: 373.52 riyals 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: 4,183.38 riyals

22-carat: 4,382.59 riyals

24-carat: 4,781.01 riyals

Gold bar prices in Saudi Arabia

Gold bar prices vary according to weight, ranging from 1 gram up to 1,000 grams. Today's prices are as follows:

1-gram gold bar: 547.82 riyals

5-gram gold bar: 2,589.71 riyals

10-gram gold bar: 5,119.66 riyals

20-gram gold bar: 10,169.60 riyals

50-gram gold bar: 25,249.69 riyals

100-gram gold bar: 50,399.78 riyals

1-kilogram gold bar: 501,507.67 riyals