Gold prices rise in Saudi Arabia on Thursday across all carats

Gold prices in Saudi Arabia rose on Thursday (21-3-1448 AH), with the price of 21-carat gold and other grades increasing at the start of trading, in line with a global uptick in gold prices.

Gold ounce price

On Thursday, the global gold price reached around $4,433 per ounce, up 1.08%. The increase followed recent US Federal Reserve comments on the strength of the American economy. Federal Reserve member Williams stated yesterday that rising Treasury yields indicate economic strength rather than higher inflation, boosting market hopes that the Fed will be cautious about raising interest rates, which supports gold prices.

Gold prices in Saudi Arabia today

The price of 21-carat gold in the Kingdom opened Thursday's trading at 467.07 riyals (SAR) per gram, compared to 453.80 riyals at the close on Wednesday.

Gold prices in Saudi Arabia on Thursday (21-3-1448 AH) for all carats were as follows:

21-carat gold: 467.07 riyals per gram.

24-carat gold: 533.80 riyals per gram.

22-carat gold: 489.32 riyals per gram.

18-carat gold: 400.35 riyals per gram.

Gold sovereign price in Saudi Arabia today

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

21-carat gold sovereign: 4,483.91 riyals.

22-carat gold sovereign: 4,697.43 riyals.

24-carat gold sovereign: 5,124.47 riyals.

Gold bar prices in Saudi Arabia

Gold bar prices today varied by weight, as follows:

1-gram gold bar: 587.18 riyals.

5-gram gold bar: 2,775.76 riyals.

10-gram gold bar: 5,487.46 riyals.

20-gram gold bar: 10,900.18 riyals.

50-gram gold bar: 27,063.63 riyals.

100-gram gold bar: 54,020.50 riyals.

1-kilogram gold bar: 537,535.96 riyals.