Gold prices rise in Saudi Arabia as global markets surge

Gold prices in Saudi Arabia rose across all carats on Thursday, 25 Jumada al-Awwal 1448, in line with a global increase of more than 1%. The price of 21-carat gold in the Kingdom, along with other carats, saw gains at the start of trading today.

Gold ounce price

On the global exchange on Tuesday, gold was priced at around $4,126 per ounce, up 1.64%, reaching its highest level since October 22. The rise was driven by a significant drop in the US dollar index and declining US Treasury yields, following a sweeping victory for Democrats in the midterm elections and as oil prices fell for the fourth consecutive day.

Gold prices in Saudi Arabia today

At the start of trading on Thursday, the price of 21-carat gold in Saudi Arabia stood at 435.09 riyals (SAR) per gram, compared to 415.35 riyals at the close of trading on Wednesday.

Gold prices in Saudi Arabia on Thursday, 25 Jumada al-Awwal 1448, for all carats were as follows:

21-carat gold: 435.09 riyals per gram.

24-carat gold: 497.24 riyals per gram.

22-carat gold: 455.81 riyals per gram.

18-carat gold: 372.93 riyals per gram.

Gold sovereign prices in Saudi Arabia today

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

21-carat gold sovereign: 4,176.84 riyals.

22-carat gold sovereign: 4,375.74 riyals.

24-carat gold sovereign: 4,773.53 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: 546.97 riyals.

5-gram gold bar: 2,585.66 riyals.

10-gram gold bar: 5,111.65 riyals.

20-gram gold bar: 10,153.70 riyals.

50-gram gold bar: 25,210.20 riyals.

100-gram gold bar: 50,320.96 riyals.

1-kilogram gold bar: 500,723.36 riyals.