Gold prices in Saudi Arabia edged lower on Friday, reflecting a broader pullback in the global precious metals market.
According to FXStreet, the price of gold fell to 397.24 Saudi Riyals (SAR) per gram, down from SAR 400.17 on Thursday. The price per tola also declined, registering SAR 4,633.36, compared to SAR 4,667.52 the previous day.
Unit Measure | Gold Price (SAR) |
---|---|
1 Gram | 397.24 |
10 Grams | 3,972.43 |
1 Tola | 4,633.36 |
1 Troy Ounce | 12,355.58 |
The decline comes amid shifting global market sentiment, including a softer U.S. dollar and renewed uncertainty over U.S. trade policy following a court ruling against former President Donald Trump’s tariff agenda. Investors now await upcoming U.S. inflation data, which could further influence gold prices in the days ahead.
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