Gold prices in Saudi Arabia registered a decline on Thursday, reflecting broader weakness in global precious metals markets. According to data from FXStreet, the price of gold per gram fell to 378.45 Saudi Riyals (SAR), down from SAR 383.16 recorded in the previous trading session.
This downward trend was also evident across other standard units of gold measurement. The price per tola — a traditional South Asian unit widely used in the Middle East — dropped to SAR 4,414.14, compared to SAR 4,469.07 on Wednesday. Similarly, the price of 10 grams of gold now stands at SAR 3,784.43.
For larger quantities, the price per troy ounce — the international benchmark for gold pricing — was reported at SAR 11,771.05.
Current Gold Prices in Saudi Arabia (May 15, 2025)
| Unit of Measure | Price in SAR |
|---|---|
| 1 Gram | 378.45 |
| 10 Grams | 3,784.43 |
| 1 Tola | 4,414.14 |
| 1 Troy Ounce | 11,771.05 |
Global Factors Influencing the Decline
The latest drop in gold prices comes amid a strengthening US dollar and easing geopolitical tensions, which have traditionally driven safe-haven demand for gold. Additionally, recent economic data from major economies has raised expectations of stable interest rates, reducing the immediate appeal of non-yielding assets like gold.
Market analysts suggest that fluctuations in gold prices are likely to continue in the short term, driven by a combination of international monetary policies, investor sentiment, and regional demand patterns.
Impact on Local Market
In Saudi Arabia, gold remains a significant commodity, both as an investment asset and as a cultural symbol, especially for jewelry purchases. The dip in prices may offer a buying opportunity for consumers and investors looking to capitalize on lower rates.
However, traders caution that volatility in the global market could lead to further adjustments in domestic prices in the coming weeks.
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