Today we have witnessed a new breath in the gold markets in the Kingdom of Saudi Arabia. There are always those moments that make you stop and look at the numbers. It must be admitted, today’s numbers were amazing. Gold is among the most valuable metals in the world, and has always been a symbol of wealth and luxury. With the start of trading today, Saturday, gold gave a lesson in sophistication and value. The price of a gram of 21 carat, which is considered the most widely traded in the Kingdom, rose to about 202.98 riyals. This is slightly higher than its price last Friday, which amounted to about 201.51 riyals.
If we look at other karats, we witnessed a similar increase, as the 24 gram reached about 231.98 riyals, the 22 gram reached about 212.65 riyals, while the 18 gram reached about 173.99 riyals.
A quick overview of the pound and bullion prices
Well, there will be no revolution in the world of gold if we talk only about grams! The price of the gold pound, which consists of 8 grams, has also increased. The 21 karat pound was about 1,948.63 riyals, the 22 karat pound was about 2,041.43 riyals, and the 24 karat pound was about 2,227.01 riyals. The 5-gram gold bar was about 1,206.30 riyals, the 10-gram weight was about 2,384.76 riyals, and the 20-gram weight was about 4,737.04 riyals. If you are wondering about the large bars, a 50-gram bar reached about 11,761.40 riyals, a 100-gram bar reached about 23,476.40 riyals, and the large queen, a 1-kg bar, reached about 233,604.13 riyals.
In light of these increasing numbers, it seems that gold will not lose its luster soon in the Kingdom. As they say, gold is king, and it seems that the king is currently doing well in Saudi Arabia. So, if you are thinking of investing or buying, it may be a good time to monitor the market and make the right decision.
Type Price in Saudi Riyals Gram 21 karat 202.98 Grams 24 karat 231.98 Grams 22 karat 212.65 Grams 18 karat 173.99 Pounds 21 karat (8 grams) 1,948.63 pounds 22 karat 2,041.43 pounds 24 karat 2,227.01 Ingot 5 grams 1,206.30 Ingot 10 grams 2,384.76 Bar 20 grams 4,737.04 Bar 50 Grams 11,761.40 100 grams bar 23,476.40 1 kg bar 233,604.13
2023-09-16 12:05:28
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