Gold prices in Saudi Arabia experienced an upward movement on Thursday, according to data compiled by FXStreet. The price for gold per gram rose to 401.10 Saudi Riyals (SAR), up from 396.60 SAR the previous day. Similarly, the price of gold per tola saw an increase, reaching SAR 4,678.39, compared to SAR 4,625.89 on Wednesday.
The rise in gold prices reflects global trends, with investors seeking the metal amid ongoing market volatility. FXStreet calculates gold prices in Saudi Arabia by adapting international gold prices (USD/SAR) to the local currency and measurement units. These prices are updated daily, based on market rates at the time of publication. However, it is important to note that local rates could diverge slightly due to various factors, including regional demand and supply dynamics.
Here’s a breakdown of the gold prices in different units as of Thursday:
1 Gram: 401.10 SAR
10 Grams: 4,011.03 SAR
1 Tola: 4,678.39 SAR
1 Troy Ounce: 12,475.72 SAR
These prices are a useful reference for gold buyers and investors in Saudi Arabia, reflecting the current trends in the gold market, which has been gaining popularity due to economic uncertainty and inflation concerns globally. The daily updates provided by FXStreet offer the most accurate snapshot of the local gold market based on international trading movements.
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