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Gold prices rise in Saudi Arabia amid global increase

Gold prices in Saudi Arabia climbed on Saturday, with 21-karat gold and other grades seeing gains following a global uptick in the metal’s value.

Ajel News1 hour ago · 1 min read
Gold bars and coins displayed in Saudi Arabia

Key Takeaways

AI

Gold prices in Saudi Arabia rose on Saturday, 11-2-1448 (corresponding to the Gregorian calendar), across all grades, with 21-karat and other types increasing at the start of trading. This comes as global gold prices climbed ahead of the weekend close.

Gold ounce price

On Saturday, the global gold price reached $4,053 per ounce, up 0.11% in the last closing price before the weekend break for international markets.

Gold prices in Saudi Arabia today

In the Kingdom, the price of 21-karat gold opened at 427.56 riyals (SAR) per gram on Saturday, compared to 425.03 riyals at the close of trading on Friday.

Gold prices in Saudi Arabia on Saturday, 11-2-1448, for all grades were as follows:

21-karat gold: 427.56 riyals per gram.

24-karat gold: 488.64 riyals per gram.

22-karat gold: 447.92 riyals per gram.

18-karat gold: 366.48 riyals per gram.

Gold ounce buying and selling prices

The buying and selling prices for a gold ounce in Saudi Arabia today were:

Selling price: 15,198.45 riyals.

Buying price: 15,202.20 riyals.

Gold sovereign prices in Saudi Arabia today

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

21-karat gold sovereign: 4,104.60 riyals.

22-karat gold sovereign: 4,300.06 riyals.

24-karat gold sovereign: 4,690.97 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: 537.51 riyals.

5-gram gold bar: 2,540.94 riyals.

10-gram gold bar: 5,023.25 riyals.

20-gram gold bar: 9,978.08 riyals.

50-gram gold bar: 24,774.19 riyals.

100-gram gold bar: 49,450.64 riyals.

1-kilogram gold bar: 492,063.22 riyals.

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