Gold prices rose in Saudi Arabia during early trading on Monday, after the end of the global market holiday.
The price of a gram of 24-carat gold was about 236.55 riyals (63.08) compared to 235.22 riyals (62.73 dollars), yesterday.
The price of a gram of 21 carat gold, the best-selling in the Kingdom, rose to 206.98 riyals (55.19), compared to 205.82 riyals (54.89 dollars), on Sunday.
The price of a gram of 18 carat gold in Saudi Arabia is 177.41 riyals (47.31).
Gold is low cost
The price of a gram of 14 carat gold rose in Saudi Arabia during morning trading today, Monday, to 137.99 riyals (36.80).
The price of an ounce and a pound of gold
The price of an ounce in Saudi Arabia during early trading on Monday morning recorded a level of 7357.50 riyals (1962 dollars), rising by about 11 dollars compared to yesterday’s prices.
As for the price of the pound of gold in Saudi Arabia (8 grams of 21 carat), it was recorded at the beginning of trading today 1655.85 riyals (441.56 dollars).
Globally, gold had ended Friday’s trading on a high, heading towards the largest weekly gain in 3 months.
And gold increased in spot transactions 0.2% to 1953.21 dollars an ounce.
US gold futures rose 0.4% to 1954.20 dollars an ounce.
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