Gold prices steady in Saudi Arabia as global market dips

Gold prices in Saudi Arabia held steady across all carats on Tuesday, 19-3-1448 (Islamic calendar), with the price of 21-carat gold and other carats showing little change at the start of trading compared to the previous session. This stability comes as global gold prices saw a slight decline.

Gold ounce price

On the global exchange, gold was priced at $4,416 per ounce on Tuesday, down 0.73%. Gold prices slipped during Tuesday's trading as investors assessed ongoing tensions in the Middle East and awaited a series of US labor market data expected this week, which could significantly influence the US Federal Reserve's monetary policy outlook.

Gold prices in Saudi Arabia today

In Saudi Arabia, the price of 21-carat gold opened at SAR 467.15 per gram on Tuesday, compared to SAR 466.32 at the close of trading on Monday.

Gold prices in Saudi Arabia on Tuesday, 19-3-1448, for all carats were as follows:

21-carat gold: SAR 467.15 per gram.

24-carat gold: SAR 533.89 per gram.

22-carat gold: SAR 489.40 per gram.

18-carat gold: SAR 400.42 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: SAR 4,484.66.

22-carat gold sovereign: SAR 4,698.22.

24-carat gold sovereign: SAR 5,125.33.

Gold bar prices in Saudi Arabia

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

1-gram gold bar: SAR 587.28.

5-gram gold bar: SAR 2,776.22.

10-gram gold bar: SAR 5,488.37.

20-gram gold bar: SAR 10,902.00.

50-gram gold bar: SAR 27,068.15.

100-gram gold bar: SAR 54,029.52.

1-kilogram gold bar: SAR 537,625.80.