Gold prices fall in Saudi Arabia and globally on Tuesday

Gold prices in Saudi Arabia fell on Tuesday, 9-5-1448 (corresponding to the Gregorian calendar), with all carats seeing declines. The price of 21-carat gold and other grades dropped at the start of trading, reflecting a global decrease in gold prices.

Gold ounce price

On the global exchange Tuesday, gold was priced at around $4,125 per ounce, down 0.35%. This marks the third consecutive session of losses, as rising oil prices have heightened inflation concerns and impacted expectations for US monetary policy. Investors are also awaiting next week’s Federal Reserve meeting.

Gold prices in Saudi Arabia today

In Saudi Arabia, the price of 21-carat gold opened Tuesday at 434.75 riyals (SAR) per gram, compared to 440.49 riyals at the close of trading on Monday.

Gold prices in Saudi Arabia for Tuesday, 9-5-1448, by carat:

21-carat gold: 434.75 riyals per gram

24-carat gold: 496.86 riyals per gram

22-carat gold: 455.45 riyals per gram

18-carat gold: 372.64 riyals per gram

Gold sovereign price in Saudi Arabia today

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

21-carat gold sovereign: 4,173.60 riyals

22-carat gold sovereign: 4,372.34 riyals

24-carat gold sovereign: 4,769.83 riyals

Gold bar prices in Saudi Arabia

Gold bar prices today vary by weight, ranging from 1 gram to 1,000 grams. The prices are as follows:

1-gram gold bar: 546.54 riyals

5-gram gold bar: 2,583.66 riyals

10-gram gold bar: 5,107.69 riyals

20-gram gold bar: 10,145.82 riyals

50-gram gold bar: 25,190.64 riyals

100-gram gold bar: 50,281.91 riyals

1-kilogram gold bar: 500,334.85 riyals