Gold prices in Saudi Arabia fall across all carats on Thursday

Gold prices in Saudi Arabia declined across all carats on Thursday, 20 Rabi Al-Thani 1448, with the price of 21-carat gold and other carats falling at the start of trading, even as global gold prices edged higher after nearing a nine-week low.

Gold ounce price

On Thursday, the global gold price reached around $4,119 per ounce, up 0.2% after touching its lowest level in two months during the previous session. Markets are awaiting further clarity on the US Federal Reserve's direction regarding interest rates.

Gold prices in Saudi Arabia today

In Saudi Arabia, the price of 21-carat gold opened Thursday at 435.19 riyals (SAR) per gram, down from 437.42 riyals at the close of trading on Wednesday.

Gold prices for all carats in Saudi Arabia on Thursday, 20 Rabi Al-Thani 1448, were as follows:

21-carat gold: 435.19 riyals per gram

24-carat gold: 497.36 riyals per gram

22-carat gold: 455.91 riyals per gram

18-carat gold: 373.02 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: 4,177.83 riyals

22-carat gold sovereign: 4,376.78 riyals

24-carat gold sovereign: 4,774.66 riyals

Gold bar prices in Saudi Arabia

Gold bar prices in Saudi Arabia vary by weight, ranging from 1 gram to 1,000 grams. Today's prices were as follows:

1-gram gold bar: 547.10 riyals

5-gram gold bar: 2,586.28 riyals

10-gram gold bar: 5,112.87 riyals

20-gram gold bar: 10,156.11 riyals

50-gram gold bar: 25,216.19 riyals

100-gram gold bar: 50,332.91 riyals

1-kilogram gold bar: 500,842.34 riyals