Gold prices fall in Saudi Arabia as global rates decline

Gold prices in Saudi Arabia fell across all carats on Tuesday, 16 Jumada I 1448, with the price of 21-carat gold and other grades declining at the start of trading, in line with a global drop in gold prices.

Gold ounce price

On the global exchange, gold was priced at $3,997 per ounce on Tuesday, down 0.49% due to a stronger US dollar. Investors are awaiting this week’s US Federal Reserve meeting for signals on the future path of interest rates.

Gold prices in Saudi Arabia today

In Saudi Arabia, the price of 21-carat gold opened at 421.55 riyals (SAR) per gram on Tuesday, compared to 422.16 riyals at the close of trading on Monday.

Gold prices in Saudi Arabia for Tuesday, 16 Jumada I 1448, by carat:

21-carat gold: 421.55 riyals per gram

24-carat gold: 481.77 riyals per gram

22-carat gold: 441.63 riyals per gram

18-carat gold: 361.33 riyals per gram

Gold sovereign price in Saudi Arabia

The price of an 8-gram gold sovereign in Saudi Arabia today:

21-carat gold sovereign: 4,046.90 riyals

22-carat gold sovereign: 4,239.61 riyals

24-carat gold sovereign: 4,625.03 riyals

Gold bar prices in Saudi Arabia

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

1-gram gold bar: 529.95 riyals

5-gram gold bar: 2,505.23 riyals

10-gram gold bar: 4,952.64 riyals

20-gram gold bar: 9,837.83 riyals

50-gram gold bar: 24,425.95 riyals

100-gram gold bar: 48,755.54 riyals

1-kilogram gold bar: 485,146.52 riyals