One of the matters of great interest in the world of finance and business is the fluctuations in gold prices, especially in a region rich in resources and with a long history of gold trading, such as the Kingdom. We have recently noticed a change in gold prices in the Kingdom, as numbers showed a decline.
The most prominent figures related to gold prices today
21 caliber: It is the most famous and traded in the Kingdom. It witnessed a decline, recording the price of a gram at about 201.54 riyals, compared to what it was the previous day, which amounted to 202.76 riyals. 24 karat: It is a pure carat, the gram registered at 230.33 riyals. 22 and 18 caliber: Their value was 211.13 riyals and 172.75 riyals, respectively. Gold pound prices: For those who do not know, the gold pound is equivalent to 8 grams. The price of the 21-karat pound reached about 1,934.76 riyals, while the 24-karat pound recorded about 2,211.15 riyals.
When talking about alloys
Gold bar 5 grams: It recorded about 1,197.71 riyals. Gold bar 10 grams: It amounted to about 2,367.78 riyals. And of course, the larger alloys: A 50-gram ingot amounted to about 11,677.66 riyals, a 100-gram ingot amounted to about 23,309.25 riyals, and finally a one-kilogram ingot amounted to about 231,940.82 riyals.
In light of these fluctuations, some may wonder whether this is the right time to invest in gold or not. However, you should always consider reviewing economic conditions and consulting experts before making any investment decisions. In the end, investing in gold remains one of the oldest means of preserving wealth and protecting against inflation, but like other investment tools, it requires study and contemplation.
Type Price in Saudi Riyals Gram 21 karat 201.54 Grams 24 karat 230.33 Grams 22 karat 211.13 Grams 18 karat 172.75 pounds 21 karat gold 1,934.76 pounds 22 karat gold 2,026.89 pounds 24 karat gold 2,211.15 5-gram bar 1,197.71 1 bar 0 grams 2,367.78 20-gram bar 4,703.31 50-gram bar 11,677.66 Bar 100 grams 23,309.25 Bar 1 kg 231,940.82
2023-09-13 16:22:08
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