Gold prices in Saudi Arabia today, Sunday, October 4, 2020

Gold prices in Saudi Arabia today, Sunday, October 4, 2020
Gold prices in Saudi Arabia today, Sunday, October 4, 2020
Gold prices in Saudi Arabia fell today, Sunday, in parallel with the decline in futures prices for the precious metal on global exchanges.

A gram of 24 carat gold decreased to 228.8 riyals (61.02 dollars), compared to 229.35 riyals (61.14 dollars), yesterday.

The 21-carat gold recorded 200.23 riyals per gram, equivalent to $ 53.39.

The price of a gram of 18 carat gold decreased to 171.01 riyals ($ 45.77), compared to 172.01 riyals ($ 45.86), yesterday.

The price of an ounce and a pound of gold

The price of an ounce of gold in the Saudi market decreased today, Sunday, to 7117.5 thousand riyals (1898 dollars), compared to 7133 riyals (1902 dollars), yesterday.

As for the gold pound (8 grams of 21 carat), it decreased to 1601.83 riyals (427.16 dollars), compared to 1605 riyals (428 dollars), yesterday.

Gold price worldwide

Globally, gold prices fell on the Global Comex Exchange, as an ounce for December 2020 delivery recorded a decrease of 0.45% to $ 1,907.60.

And gold rose to a peak of more than a week after US President Donald said on Twitter that he and his wife Melania had contracted the Corona virus.

“Gold will likely remain in a limited range in the short term. The market will be waiting for the weekend and following the news,” said Tae Wong, director of base and precious metals derivatives trading at BMO.

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