2023-08-19 18:22:59
Saudi Arabia has always been home to many gold mines that hold stories of history and cultural legacy within them. And those mines are famous for producing gold of high quality, which made Saudi gold desirable and well-known in the global markets.
Gold is a part of the lives of many citizens and residents in the Kingdom, as it is not just a precious metal, but rather a long-term investment and a gift given on special occasions. The gold markets in Saudi Arabia, especially in the big cities like Riyadh and Jeddah, are bustling with visitors every day. People come from different parts of the Kingdom and even from abroad to buy gold in its various designs and high quality.
With the continued movement of the markets and their changes, we witness daily fluctuations in the prices of precious metals and currencies. Today, in the Kingdom of Saudi Arabia, gold prices have decreased significantly, and on the other hand, we have witnessed a divergence in currency prices.
Gold prices continued decline
Gold, which has long been considered a safe-haven investment, seems to be going through a period of volatility. Looking at prices in the Kingdom today, we find:
24 karat gold grams It reached 227.75 Saudi riyals, which reflects the strength of the US dollar, reaching $60.73. 22 karat gold grams It recorded 208.77 riyals, which is approximately equivalent to 55.67 dollars. 21 karat gold grams It traded at 199.28 riyals, equivalent to 53.14 dollars. while 18 karat gold grams It reached 170.81 riyals, approximately $45.55. Or 14 karat gold gram It was 132.85 riyals, equivalent to 35.43 dollars. gold ounce The selling price amounted to 7,083.75 riyals, equivalent to 1,889.00 dollars, while the purchase price was close and amounted to 7,087.50 riyals, or 1,890.00 dollars.
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