On Tuesday morning, March 12, gold prices in the Kingdom of Saudi Arabia witnessed a decrease in gold prices, but a very slight decrease. The Kingdom has recently witnessed economic stability, which has led to the ease of investing in gold. Citizens follow the gold exchange daily to know when gold can be sold or bought. Saudi gold is characterized by high quality and is known throughout the world.
Decrease in gold prices
Gold prices fell very slightly in gold stores and Saudi markets, and we will explain to you in the following lines the prices of gold:
- The price of a gram of 21 karat gold reached 229.60 Saudi riyals, which is equivalent to 61.23 US dollars, and 21 karat gold is considered the most common in Saudi Arabia.
- The price of a gram of 24 karat gold decreased to 262.40 Saudi riyals, which is equivalent to 69.97 US dollars.
- The price of a gram of 22 carat gold reached 240.53 Saudi riyals, which is equivalent to 64.15 dollars.
- A gram of 14 karat gold reached a market price of 153.07 Saudi riyals, which is equivalent to 40.82 US dollars.
- The price of a gram of 18 carat gold reached 196.80 Saudi riyals, which is equivalent to 52.48.
- The price of an ounce of gold for sale reached 8161.58 Saudi riyals, which is equivalent to 2176.42 US dollars.
- The price of an ounce of gold for purchase reached 8165.33 Saudi riyals in the Kingdom’s markets and gold stores, which is equivalent to 2177.42 US dollars.
- The price of a gold bar of one gram is 288.64 Saudi riyals, which is equivalent to 76.97 US dollars.
- The price of the 8-gram 21-karat gold pound fell to 2,204.19 Saudi riyals, which is equivalent to about 587.78 US dollars.
- The price of the 8-gram gold pound fell to 2519.08 Saudi riyals of 24 karat, which is equivalent to 675.75 US dollars.
How to invest in gold
Investing in gold is very important and this is what many investors and citizens resort to in difficult circumstances. We present to you in the following lines the opinion of the experts:
- Many citizens wondered about investing in gold: is it positive or negative?
- Experts responded to citizens that investing in gold is very safe, especially during the economic stability that the country is experiencing during this period.
- Investors can buy gold bullion and invest in it completely safely during the best periods of the year.
2024-03-12 17:06:22
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