Monday 25 December 2023 – 07:14 AM
Gold prices stabilized in Saudi Arabia today, Monday, December 25, 2023, after global gold prices rose recently, supported by expectations of interest rate cuts by the Federal Reserve Bank.
Gold prices in Saudi Arabia today
The price of a gram of 21 carat gold in Saudi Arabia
The price of a gram of 21 carat gold in Saudi Arabia was 2017 riyals.
The price of 24 karat gold in Saudi Arabia
The price of a gram of 24 karat gold was about 248 riyals.
The price of 18 karat gold in Saudi Arabia
The price of 18 karat gold was about 186 riyals.
The price of the gold pound in Saudi Arabia
The price of the gold pound reached 1740 riyals.
Gold price globally
The global price of an ounce recorded $2,061 in futures contracts.
Global gold prices witnessed an increase during last week’s trading, supported by expectations of interest rate cuts by the Federal Reserve Bank, with gold ending the week’s trading at its highest levels in two weeks, with the possibility of achieving more gains during the coming period.
Gold prices rose last week by 1.7% to conclude the week’s trading at the level of $2053 per ounce, after recording the highest level in two weeks at $2070 per ounce. The global price of an ounce also witnessed an increase for the second week in a row to close for 4 consecutive weeks above the level of $2000 per ounce. While trading this week closed above the level of $2050 per ounce, which opens the way to the level of $2100 per ounce.
2023-12-25 05:16:39
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