Gold prices in Saudi Arabia rise as global demand surges

Gold prices in Saudi Arabia rose on Tuesday, 7-2-1448 (corresponding to the Gregorian calendar), across all categories. The price of 21-karat gold and other types increased at the start of trading, in line with a renewed rise in global gold prices.

Gold ounce price

On the global exchange, gold was trading at $4,068 per ounce on Tuesday, up 1.5 percent. Investors continue to monitor diplomatic efforts to ease tensions between the United States and Iran. Any political breakthrough could help alleviate inflationary pressures caused by higher oil prices, potentially influencing the US Federal Reserve's monetary policy path.

Gold prices in Saudi Arabia today

In Saudi Arabia, the price of 21-karat gold opened at 429.49 riyals (SAR) per gram on Tuesday, compared to 424.46 riyals at the close of trading on Monday.

Gold prices in Saudi Arabia on Tuesday, 7-2-1448, for all categories were as follows:

21-karat gold: 429.49 riyals per gram.

24-karat gold: 490.84 riyals per gram.

22-karat gold: 449.94 riyals per gram.

18-karat gold: 368.13 riyals per gram.

Gold sovereign prices in Saudi Arabia

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

21-karat gold sovereign: 4,123.08 riyals.

22-karat gold sovereign: 4,319.42 riyals.

24-karat gold sovereign: 4,712.09 riyals.

Gold bar prices in Saudi Arabia

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

1-gram gold bar: 539.93 riyals.

5-gram gold bar: 2,552.38 riyals.

10-gram gold bar: 5,045.87 riyals.

20-gram gold bar: 10,023.01 riyals.

50-gram gold bar: 24,885.74 riyals.

100-gram gold bar: 49,673.32 riyals.

1-kilogram gold bar: 494,278.94 riyals.