gold price today
Sanaa Mustafa
Gold prices witnessed a rise in Saudi Arabia during the middle of today’s trading, Wednesday, January 11, 2023, despite the global calm of the precious metal.
The price of a gram of 24 carat gold also increased today in Saudi Arabia, reaching 226.73 riyals ($60.42), compared to 225.60 riyals ($60.02).
The price of a gram of 18 karat gold rose today in Saudi Arabia to 170.50 riyals ($45.92).
The price of gold in Saudi Arabia today per gram of 21 karat was regarding 198.62 riyals, 52.84 dollars))
The price of the gold pound rose in Saudi Arabia today, recording 1587 riyals ($422.73).
24 karat gold is still exempt from taxes in Saudi Arabia, but there is a tax on the expenses of minting and making bullion at a value of 5%, meaning that the tax is not on the value of the ingot, but only on the expenses of its manufacture.
The Saudi Arabian Mining Company (Ma’aden) also decided to establish a joint venture with the Public Investment Fund in the Kingdom to invest in mining assets internationally.
