2024-01-11 11:59:01
Gold in the Kingdom is witnessing major changes, as the price of an ounce of gold varies from day to day. For this reason, gold prices are traded almost daily in local newspapers in the Kingdom of Saudi Arabia.
Statement of gold prices in Saudi Arabia today, January 11
Gold in the Kingdom of Saudi Arabia is considered one of the most important national treasures, as Saudi Arabia possesses an underground gold reserve amounting to approximately 323.7 tons, and gold is considered among the list of minerals that are classified in category “A” in the Kingdom.
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Gold ores differ from one place to another, and also according to the degree of presence of metals in the gold, their degree of concentration, and the amount of mineral deposits in the places where the gold is located. Here we will learn regarding the price of gold in the Kingdom in Saudi riyals, and its value in US dollars, which are as follows:
- The value of a gram of 24 karat gold is equal to 245.27 Saudi riyals and 65.40 in the US dollar.
- The price of a gram of 22 carat gold is 224.67 Saudi riyals and 59.91 in the US dollar.
- The value of a gram of 21 karat gold is equal to 214.61 Saudi riyals and 57.23 in the US dollar.
- The price of a gram of 18 karat gold is equal to 183.95 riyals and 49.05 US dollars.
- The value of a gram of 14 karat gold is 143.48 riyals, or regarding 38.26 US dollars.
The price of gold bullion in Saudi Arabia in Saudi riyals
Investing in gold is considered one of the best and most successful types of investments, and it is done by purchasing gold bullion in cases of a decline in gold, then waiting for the price of gold to rise to sell it. The prices of gold bullion in the Kingdom are as follows:
- The price of a 24-karat gold bar weighing 5 grams is 1,226.36 riyals.
- The value of a 10-gram 24-karat gold bar in Saudi Arabia is 2,452.72 riyals.
- The price of a 20-gram gold bar of 24 karat is 4,905.45 riyals.
- The value of a 50-gram 24-karat gold bar in the Kingdom is 12,263.62.
- As such, the greater the weight and karat grade of the bullion, the higher the price.
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