Thursday 06/Mar/2025 – 02:16 AM
Gold prices in Saudi Arabia stabilized today, Thursday, despite the huge jump in the prices of the precious metal globally and its reaching a level exceeding 2900 dollars an ounce, and in light of the market’s dependence there significantly on the most pure gold in local purchases and events and the high global price.
Gold prices in Saudi Arabia today
The price per gram of 21 carat gold in Saudi Arabia
The price of a gram of 21 carat gold in Saudi Arabia was 305 riyals.
The price of 24 carat gold in Saudi Arabia
The price of a gram of 24 carat gold was about 349 riyals.
The price of 18 carat gold in Saudi Arabia
The price of 18 carat gold was about 261 riyals.
The price of the gold pound in Saudi Arabia
The price of the gold pound recorded 2443 riyals.
Gold price globally
The world’s ounce recorded $ 2929 for instant contracts.
Global gold prices stabilized near the highest level in a week, in light of the anticipation of markets for the impact of new customs definition decisions on the markets and the possibility of a new trade war, while the markets are awaiting the issuance of American job data.
The price of an ounce of global gold was fluctuated around the level of $ 2917 – $ 2929 an ounce yesterday.
This comes after gold rose on Tuesday and recorded the highest level in about a week at $ 2927 an ounce, to settle trading above the level of $ 2900 an ounce since the beginning of the week after the negative correction in the gold during the past week.
The dollar index, which measures its performance against a basket of 6 main currencies, has declined to record the lowest level in more than three months, which makes gold less expensive for buyers than other currencies and is supposed to pay gold to rise, but nevertheless the revenues of standard treasury bonds increased for 10 years, which reduced the attractiveness of gold that does not provide a return and thus the fluctuation dominated the movements of gold.
