Gold prices in Saudi Arabia stabilized during morning trading today, Tuesday, amid a slight increase in the global price of the yellow metal.
The price of a gram of 24-carat gold in the Kingdom was about 226.90 riyals ($ 60.51), while the price of a gram of 21-carat gold, the best-selling in the kingdom, was about 198.54 riyals ($ 52.94).
The price of a gram of 18-carat gold was about 170.18 riyals ($ 45.38), while the price of a gram of 22-carat gold was about 208 riyals ($ 55.47).
An ounce and a pound of gold
The price of an ounce was about 7061.25 riyals (1,883 dollars).
As for the price of the pound of gold in Saudi Arabia (8 grams of 21 carat), it was recorded about 1588.33 riyals (423.55 dollars).
Saudi Arabia recorded financial revenues of more than half a trillion riyals during the first 9 months of 2020, despite the decline in oil prices in the market.
The total government expenditures for the Kingdom during the first nine months of this year were approximately 725.7 billion riyals ($ 193.6 billion), with a slight decline, compared to 740 billion riyals (197.4 billion dollars) on an annual basis.
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